4 days Ago By Defense World Staff
Envestnet Asset Management Inc. boosted its position in EQT Co. (NYSE:EQT – Free Report) by 31.
0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 388,331 shares of the oil and gas producer’s stock after buying an additional 91,923 shares during the period. Envestnet Asset Management Inc.
owned approximately 0.07% of EQT worth $17,906,000 at the end of the most recent quarter. A number of other institutional investors have also bought and sold shares of EQT.
Sanctuary Advisors LLC lifted its stake in shares of EQT by 104.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 63,507 shares of the oil and gas producer’s stock valued at $2,327,000 after purchasing an additional 32,484 shares during the period.
Retirement Systems of Alabama lifted its stake in EQT by 36.7% in the third quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer’s stock valued at $4,878,000 after buying an additional 35,733 shares during the period.
Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of EQT by 44.
2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd.
now owns 53,555 shares of the oil and gas producer’s stock worth $2,379,000 after buying an additional 16,416 shares in the last quarter. D.A.
Davidson & CO. grew its position in shares of EQT by 13.4% during the 4th quarter.
D.A. Davidson & CO.
now owns 6,467 shares of the oil and gas producer’s stock worth $298,000 after buying an additional 762 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of EQT by 15.2% during the 4th quarter.
Wealth Enhancement Advisory Services LLC now owns 41,508 shares of the oil and gas producer’s stock worth $1,914,000 after buying an additional 5,489 shares during the period. Institutional investors own 90.81% of the company’s stock.
EQT Trading Up 1.5 %NYSE:EQT opened at $50.71 on Wednesday.
EQT Co. has a 52 week low of $30.02 and a 52 week high of $56.
66. The firm has a 50-day moving average price of $50.86 and a two-hundred day moving average price of $46.
38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.
51 and a current ratio of 0.70. The firm has a market cap of $30.
30 billion, a price-to-earnings ratio of 126.79, a price-to-earnings-growth ratio of 0.64 and a beta of 1.
35. EQT (NYSE:EQT – Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.
69 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.19.
The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion.
EQT had a return on equity of 4.35% and a net margin of 4.37%.
On average, equities analysts expect that EQT Co. will post 3.27 earnings per share for the current fiscal year.
EQT Announces DividendThe business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $0.1575 dividend.
This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.24%.
The ex-dividend date of this dividend was Tuesday, February 18th. EQT’s dividend payout ratio (DPR) is currently 157.50%.
Analyst Ratings ChangesSeveral brokerages recently issued reports on EQT. Mizuho increased their target price on shares of EQT from $57.00 to $60.
00 and gave the stock an “outperform” rating in a research note on Tuesday, April 1st. Sanford C. Bernstein raised shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.
00 price objective on the stock in a research report on Wednesday, January 15th. StockNews.com lowered EQT from a “hold” rating to a “sell” rating in a research report on Monday, April 7th.
JPMorgan Chase & Co. increased their price target on EQT from $58.00 to $60.
00 and gave the stock an “overweight” rating in a report on Thursday, March 13th. Finally, Scotiabank downgraded EQT from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the company from $55.00 to $54.
00 in a report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.
com, EQT currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.61.View Our Latest Stock Report on EQTEQT Profile (Free Report)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.Read MoreFive stocks we like better than EQTHow to Capture the Benefits of Dividend IncreasesBeware of BigBear.
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