4,616 Shares in EQT Co. (NYSE:EQT) Acquired by Uniting Wealth Partners LLC

Uniting Wealth Partners LLC bought a new position in EQT Co. (NYSE:EQT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,616 shares of the oil and gas producer’s stock, valued at approximately $213,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in EQT. Quarry LP increased its holdings in EQT by 184.7% in the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 578 shares in the last quarter. Financial Avengers Inc. increased its stake in shares of EQT by 100.8% in the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock valued at $37,000 after buying an additional 504 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of EQT by 26.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock worth $45,000 after purchasing an additional 205 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of EQT by 22.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock valued at $48,000 after buying an additional 193 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new position in shares of EQT in the 4th quarter worth approximately $55,000. 90.81% of the stock is owned by institutional investors.

EQT Price Performance

EQT stock opened at $54.66 on Thursday. The firm has a market capitalization of $32.66 billion, a price-to-earnings ratio of 136.65, a PEG ratio of 0.64 and a beta of 1.12. The company has a fifty day simple moving average of $51.43 and a 200-day simple moving average of $45.37. EQT Co. has a 52-week low of $30.02 and a 52-week high of $56.66. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37.

EQT (NYSE:EQT) last posted its 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 during the quarter, compared to the consensus estimate of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. On average, equities analysts anticipate that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Tuesday, February 18th. EQT’s dividend payout ratio (DPR) is currently 157.50%.

Analyst Upgrades and Downgrades

EQT has been the topic of a number of research reports. Citigroup upped their price target on EQT from $51.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, March 17th. Sanford C. Bernstein upgraded EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price objective on the stock in a research note on Wednesday, January 15th. JPMorgan Chase & Co. boosted their target price on shares of EQT from $58.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, March 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $67.00 target price (up previously from $63.00) on shares of EQT in a report on Wednesday, March 26th. Finally, Scotiabank cut EQT from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $55.00 to $54.00 in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $55.28.

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.