EQT Co. (NYSE:EQT) Stock Holdings Boosted by TD Private Client Wealth LLC

TD Private Client Wealth LLC boosted its holdings in EQT Co. (NYSE:EQT) by 21.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,659 shares of the oil and gas producer’s stock after acquiring an additional 823 shares during the quarter. TD Private Client Wealth LLC’s holdings in EQT were worth $215,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of EQT. Parkside Financial Bank & Trust boosted its holdings in EQT by 22.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock worth $48,000 after buying an additional 193 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in EQT by 26.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock worth $45,000 after buying an additional 205 shares in the last quarter. Wilmington Savings Fund Society FSB grew its stake in EQT by 4.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer’s stock valued at $218,000 after purchasing an additional 223 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of EQT by 15.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer’s stock valued at $79,000 after buying an additional 236 shares in the last quarter. Finally, Radnor Capital Management LLC increased its stake in shares of EQT by 0.4% during the 4th quarter. Radnor Capital Management LLC now owns 60,948 shares of the oil and gas producer’s stock worth $2,810,000 after purchasing an additional 237 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors.

EQT Stock Up 0.5 %

Shares of NYSE EQT opened at $54.25 on Wednesday. EQT Co. has a one year low of $30.02 and a one year high of $56.66. The stock has a market capitalization of $32.41 billion, a PE ratio of 135.63, a P/E/G ratio of 0.64 and a beta of 1.12. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The business’s fifty day moving average price is $51.40 and its 200-day moving average price is $44.58.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.19. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. On average, equities research analysts anticipate that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT’s payout ratio is 157.50%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EQT. Sanford C. Bernstein raised EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price target on the stock in a research report on Wednesday, January 15th. Citigroup raised their price objective on shares of EQT from $51.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, March 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $49.00 price target on shares of EQT in a research note on Monday, January 6th. The Goldman Sachs Group reaffirmed a “reduce” rating on shares of EQT in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company lifted their price target on EQT from $53.00 to $58.00 and gave the company an “overweight” rating in a report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $54.50.

About EQT

EQT Corporation operates as a natural gas production company in the United States. The company sells natural gas and natural gas liquids to marketers, utilities, and industrial customers through pipelines located in the Appalachian Basin. It also offers marketing services and contractual pipeline capacity management services.