EQT Co. (NYSE:EQT) Stock Holdings Lessened by IFP Advisors Inc

IFP Advisors Inc lowered its holdings in EQT Co. (NYSE:EQT) by 43.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,155 shares of the oil and gas producer’s stock after selling 6,152 shares during the period. IFP Advisors Inc’s holdings in EQT were worth $378,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. HM Payson & Co. purchased a new stake in shares of EQT in the third quarter valued at $25,000. Truvestments Capital LLC purchased a new stake in shares of EQT in the third quarter valued at $30,000. Quarry LP lifted its holdings in shares of EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 578 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of EQT in the third quarter valued at $36,000. Finally, Financial Avengers Inc. lifted its holdings 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 purchasing an additional 504 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on EQT from $53.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $49.00 price target on shares of EQT in a research note on Monday, January 6th. Mizuho raised shares of EQT from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $48.00 to $57.00 in a research note on Monday, December 16th. Jefferies Financial Group upped their price target on shares of EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Finally, The Goldman Sachs Group reaffirmed a “reduce” rating on shares of EQT in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $52.39.

Insider Activity

In other news, Director Thomas F. Karam sold 30,154 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total value of $1,351,803.82. Following the sale, the director now directly owns 201,608 shares of the company’s stock, valued at approximately $9,038,086.64. This trade represents a 13.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.63% of the stock is currently owned by company insiders.

EQT Trading Up 3.5 %

EQT stock opened at $48.25 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The company has a market capitalization of $28.82 billion, a price-to-earnings ratio of 120.62, a PEG ratio of 0.64 and a beta of 1.08. EQT Co. has a one year low of $30.02 and a one year high of $56.66. The company’s fifty day moving average price is $50.16 and its two-hundred day moving average price is $42.40.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.19. The company had revenue of $1.82 billion for 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, analysts forecast that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be given a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Tuesday, February 18th. EQT’s dividend payout ratio is currently 157.50%.

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.