QVT Financial LP bought a new position in EQT Co. (NYSE:EQT) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 68,323 shares of the oil and gas producer’s stock, valued at approximately $3,889,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Calton & Associates Inc. bought a new position in EQT in the 4th quarter worth about $104,000. NuWave Investment Management LLC bought a new position in EQT in the 4th quarter worth about $126,000. Assetmark Inc. boosted its stake in EQT by 445.1% in the 4th quarter. Assetmark Inc. now owns 2,284 shares of the oil and gas producer’s stock worth $130,000 after purchasing an additional 1,865 shares during the period. Zeke Capital Advisors LLC bought a new position in EQT in the 3rd quarter worth about $212,000. Finally, Virtu Financial LLC bought a new position in EQT in the 4th quarter worth about $220,000. Institutional investors and hedge funds own 90.87% of the company’s stock.
EQT has been the subject of several analyst reports. Credit Suisse Group initiated coverage on EQT in a research note on Monday, December 11th. They issued an “outperform” rating and a $70.00 target price for the company. Zacks Investment Research downgraded EQT from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. BMO Capital Markets restated a “buy” rating and issued a $75.00 target price on shares of EQT in a research note on Tuesday, December 26th. Royal Bank of Canada upgraded EQT from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $45.73 to $77.00 in a research note on Monday, February 12th. They noted that the move was a valuation call. Finally, SunTrust Banks restated a “hold” rating and issued a $65.00 target price on shares of EQT in a research note on Friday, December 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $77.38.
EQT (NYSE:EQT) last released its quarterly earnings results on Thursday, February 15th. The oil and gas producer reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.54. EQT had a return on equity of 2.35% and a net margin of 44.66%. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $909.42 million. During the same quarter last year, the firm posted $0.25 EPS. The company’s revenue was up 197.9% compared to the same quarter last year. equities research analysts forecast that EQT Co. will post 1.69 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Wednesday, February 14th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.23%. EQT’s dividend payout ratio is 1.68%.
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EQT Company Profile
EQT Corporation is a natural gas company. The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.
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