Ausdal Financial Partners Inc. Purchases Shares of 4,712 EQT Co. (NYSE:EQT)

Ausdal Financial Partners Inc. acquired a new position in shares of EQT Co. (NYSE:EQT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,712 shares of the oil and gas producer’s stock, valued at approximately $217,000.

A number of other large investors have also recently made changes to their positions in EQT. Sanctuary Advisors LLC grew its holdings in EQT by 104.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 63,507 shares of the oil and gas producer’s stock worth $2,327,000 after acquiring an additional 32,484 shares in the last quarter. Retirement Systems of Alabama grew its stake in shares of EQT by 36.7% during the third quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer’s stock worth $4,878,000 after purchasing an additional 35,733 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in EQT by 44.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,555 shares of the oil and gas producer’s stock valued at $2,379,000 after buying an additional 16,416 shares during the last quarter. FMR LLC raised its stake in EQT by 2.5% in the third quarter. FMR LLC now owns 1,133,197 shares of the oil and gas producer’s stock valued at $41,520,000 after buying an additional 28,129 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in EQT by 13.4% during the 4th quarter. D.A. Davidson & CO. now owns 6,467 shares of the oil and gas producer’s stock worth $298,000 after buying an additional 762 shares during the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EQT has been the topic of a number of recent analyst reports. Stephens upgraded EQT from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $41.00 to $59.00 in a report on Tuesday, March 18th. Jefferies Financial Group increased their price target on shares of EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. boosted their price objective on shares of EQT from $58.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, March 13th. Morgan Stanley reaffirmed an “overweight” rating and issued a $67.00 target price (up from $63.00) on shares of EQT in a research report on Wednesday. Finally, Piper Sandler boosted their price target on shares of EQT from $35.00 to $36.00 and gave the company a “neutral” rating in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, EQT currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.11.

EQT Stock Performance

Shares of EQT opened at $53.07 on Friday. EQT Co. has a 1 year low of $30.02 and a 1 year high of $56.66. The stock has a market capitalization of $31.71 billion, a P/E ratio of 132.68, a P/E/G ratio of 0.64 and a beta of 1.12. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. The company’s fifty day moving average is $51.38 and its two-hundred day moving average is $44.84.

EQT (NYSE:EQT) last posted its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.19. EQT had a net margin of 4.37% and a return on equity of 4.35%. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.81 billion. On average, sell-side analysts predict that EQT Co. will post 3.27 earnings per share for the current year.

EQT Announces Dividend

The firm also recently disclosed 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 1.19%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT’s payout ratio is 157.50%.

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.