Prospera Financial Services Inc Grows Stock Position in EQT Co. (NYSE:EQT)

Prospera Financial Services Inc lifted its holdings in shares of EQT Co. (NYSE:EQT) by 19.0% during the third quarter, Holdings Channel.com reports. The fund owned 10,471 shares of the oil and gas producer’s stock after acquiring an additional 1,669 shares during the period. Prospera Financial Services Inc’s holdings in EQT were worth $384,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. HM Payson & Co. purchased a new stake in EQT during the 3rd quarter worth approximately $25,000. Innealta Capital LLC purchased a new stake in shares of EQT during the second quarter valued at $28,000. Hexagon Capital Partners LLC grew its holdings in shares of EQT by 18,080.0% during the third quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 904 shares during the last quarter. Wolff Wiese Magana LLC increased its position in shares of EQT by 936.1% in the 2nd quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer’s stock valued at $37,000 after acquiring an additional 908 shares during the period. Finally, Blue Trust Inc. raised its stake in EQT by 149.5% in the 2nd quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock worth $37,000 after acquiring an additional 598 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Price Performance

EQT stock opened at $45.92 on Monday. The stock has a market capitalization of $27.40 billion, a P/E ratio of 54.67 and a beta of 1.06. The company’s fifty day moving average price is $38.20 and its 200 day moving average price is $36.96. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51. EQT Co. has a 1 year low of $30.02 and a 1 year high of $48.02.

EQT (NYSE:EQT) last announced its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.06. EQT had a net margin of 5.52% and a return on equity of 3.74%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the business earned $0.30 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, equities research analysts anticipate that EQT Co. will post 1.35 earnings per share for the current fiscal year.

EQT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th will be given a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.63 annualized dividend and a dividend yield of 1.37%. EQT’s dividend payout ratio (DPR) is presently 75.00%.

Analyst Ratings Changes

Several analysts have weighed in on EQT shares. JPMorgan Chase & Co. boosted their price target on EQT from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, September 26th. Morgan Stanley reiterated an “overweight” rating and issued a $45.00 price target on shares of EQT in a report on Friday, September 13th. Wells Fargo & Company upgraded shares of EQT from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $40.00 to $42.00 in a research note on Wednesday, August 14th. Mizuho increased their price objective on shares of EQT from $41.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Finally, Citigroup upgraded shares of EQT from a “neutral” rating to a “buy” rating and boosted their target price for the company from $37.00 to $44.00 in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $42.83.

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.