EQT Co. (NYSE:EQT) Position Boosted by Raymond James Trust N.A.

Raymond James Trust N.A. raised its holdings in shares of EQT Co. (NYSE:EQT) by 27.2% during the 3rd quarter, Holdings Channel reports. The fund owned 14,264 shares of the oil and gas producer’s stock after purchasing an additional 3,050 shares during the period. Raymond James Trust N.A.’s holdings in EQT were worth $523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

EQT Trading Up 0.1 %

NYSE:EQT opened at $45.95 on Tuesday. The stock has a market cap of $27.42 billion, a PE ratio of 54.70 and a beta of 1.06. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $48.02. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. The stock’s 50-day moving average is $38.45 and its two-hundred day moving average is $37.00.

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

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 6th will be given a dividend of $0.1575 per share. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a yield of 1.37%. EQT’s payout ratio is 75.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. UBS Group upped their target price on EQT from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Stephens upped their price objective on EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Mizuho lifted their target price on EQT from $41.00 to $45.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. BMO Capital Markets upped their price target on shares of EQT from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Finally, Bank of America began coverage on shares of EQT in a research note on Monday, October 28th. They issued a “buy” rating and a $50.00 price objective on the stock. One research 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. Based on data from MarketBeat, EQT has a consensus rating of “Moderate Buy” and an average price target of $44.00.

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.