Zurcher Kantonalbank Zurich Cantonalbank Has $12.38 Million Holdings in EQT Co. (NYSE:EQT)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of EQT Co. (NYSE:EQT) by 14.6% in the fourth quarter, HoldingsChannel reports. The fund owned 268,496 shares of the oil and gas producer’s stock after buying an additional 34,271 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in EQT were worth $12,380,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new stake in EQT during the 3rd quarter worth about $30,000. Quarry LP boosted its position in EQT by 184.7% during the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 578 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in EQT during the 3rd quarter worth about $36,000. Financial Avengers Inc. boosted its position in EQT by 100.8% during the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock worth $37,000 after acquiring an additional 504 shares during the period. Finally, Parkside Financial Bank & Trust boosted its position in EQT by 22.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock worth $48,000 after acquiring an additional 193 shares during the period. 90.81% of the stock is currently owned by institutional investors and hedge funds.

EQT Stock Performance

Shares of NYSE EQT opened at $49.03 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $50.71 and its two-hundred day moving average is $43.28. The company has a market cap of $29.29 billion, a P/E ratio of 122.57, a P/E/G ratio of 0.64 and a beta of 1.12. EQT Co. has a 12 month low of $30.02 and a 12 month high of $56.66.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, topping 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, equities analysts expect that EQT Co. will post 3.27 EPS for the current year.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT’s dividend payout ratio is currently 157.50%.

Wall Street Analysts Forecast Growth

EQT has been the subject of a number of research reports. Wells Fargo & Company raised their price objective on EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. raised their price target on EQT from $53.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Citigroup downgraded EQT from a “buy” rating to a “reduce” rating in a research note on Wednesday, March 5th. Jefferies Financial Group raised their price target on EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Finally, Mizuho raised EQT from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $48.00 to $57.00 in a research note on Monday, December 16th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $52.44.

EQT Company 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.