Headlands Technologies LLC Makes New Investment in EQT Co. (NYSE:EQT)

Headlands Technologies LLC bought a new stake in EQT Co. (NYSE:EQT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,619 shares of the oil and gas producer’s stock, valued at approximately $333,000.

Other institutional investors have also recently made changes to their positions in the company. BKM Wealth Management LLC purchased a new stake in EQT during the 4th quarter valued at about $40,000. Allworth Financial LP raised its holdings in shares of EQT by 26.9% during the 3rd quarter. Allworth Financial LP now owns 1,332 shares of the oil and gas producer’s stock worth $54,000 after acquiring an additional 282 shares during the period. First Command Advisory Services Inc. purchased a new stake in shares of EQT in the third quarter valued at about $54,000. Massmutual Trust Co. FSB ADV increased its position in EQT by 52.6% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,563 shares of the oil and gas producer’s stock worth $60,000 after purchasing an additional 539 shares during the last quarter. Finally, CX Institutional purchased a new position in EQT during the fourth quarter worth about $64,000. 90.81% of the stock is owned by institutional investors and hedge funds.

EQT Trading Up 0.5 %

Shares of NYSE:EQT opened at $40.61 on Friday. The company has a market cap of $17.93 billion, a PE ratio of 29.43 and a beta of 1.12. The company’s 50 day moving average is $36.43 and its two-hundred day moving average is $37.94. EQT Co. has a 52 week low of $30.84 and a 52 week high of $45.23. The company has a current ratio of 0.88, a quick ratio of 0.99 and a debt-to-equity ratio of 0.32.

EQT (NYSE:EQT) last posted its quarterly earnings results on Tuesday, April 23rd. The oil and gas producer reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.17. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.58 billion. EQT had a return on equity of 4.57% and a net margin of 10.96%. EQT’s quarterly revenue was down 28.8% on a year-over-year basis. During the same period last year, the firm earned $1.70 earnings per share. Equities analysts predict that EQT Co. will post 1.01 earnings per share for the current fiscal year.

EQT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 8th will be paid a $0.1575 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.63 annualized dividend and a yield of 1.55%. EQT’s dividend payout ratio is currently 45.65%.

Wall Street Analyst Weigh In

EQT has been the subject of several analyst reports. Stephens increased their price target on shares of EQT from $46.00 to $47.00 and gave the company an “equal weight” rating in a research note on Wednesday. Scotiabank raised EQT from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $40.00 to $52.00 in a research note on Thursday, April 11th. Royal Bank of Canada reissued an “outperform” rating and set a $46.00 price objective on shares of EQT in a research report on Tuesday, March 5th. Wells Fargo & Company lowered shares of EQT from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $48.00 to $37.00 in a research note on Wednesday, April 17th. Finally, Sanford C. Bernstein raised shares of EQT from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $27.00 to $34.00 in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $44.25.

EQT Profile

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.