Franklin Resources Inc. Purchases 22,275 Shares of EQT Co. (EQT)

Franklin Resources Inc. boosted its stake in EQT Co. (NYSE:EQT) by 7.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 325,757 shares of the oil and gas producer’s stock after acquiring an additional 22,275 shares during the quarter. Franklin Resources Inc.’s holdings in EQT were worth $18,542,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Castleton Investment Management LLC grew its stake in EQT by 166.7% in the 4th quarter. Castleton Investment Management LLC now owns 40,000 shares of the oil and gas producer’s stock valued at $2,277,000 after acquiring an additional 25,000 shares during the period. CoreCommodity Management LLC grew its stake in EQT by 134.4% in the 4th quarter. CoreCommodity Management LLC now owns 10,329 shares of the oil and gas producer’s stock valued at $588,000 after acquiring an additional 5,922 shares during the period. Bamco Inc. NY acquired a new stake in EQT in the 4th quarter valued at $1,203,000. Nomura Asset Management Co. Ltd. grew its stake in EQT by 47.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 35,051 shares of the oil and gas producer’s stock valued at $1,995,000 after acquiring an additional 11,290 shares during the period. Finally, Caption Management LLC acquired a new stake in EQT in the 4th quarter valued at $854,000. 91.47% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of EQT stock opened at $48.22 on Friday. EQT Co. has a one year low of $43.70 and a one year high of $67.84. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.40. The stock has a market cap of $12,898.35, a price-to-earnings ratio of 35.34, a price-to-earnings-growth ratio of 1.85 and a beta of 0.74.

EQT (NYSE:EQT) last announced its earnings results on Thursday, February 15th. The oil and gas producer reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.54. EQT had a net margin of 44.66% and a return on equity of 2.35%. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $909.42 million. During the same quarter in the previous year, the company posted $0.25 EPS. The firm’s quarterly revenue was up 197.9% on a year-over-year basis. sell-side analysts forecast that EQT Co. will post 1.76 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.12 annualized dividend and a yield of 0.25%. EQT’s dividend payout ratio (DPR) is presently 1.68%.

A number of research firms recently issued reports on EQT. Jefferies Group reissued a “hold” rating and issued a $57.00 price target on shares of EQT in a research note on Monday, March 19th. Morgan Stanley reissued an “equal weight” rating and issued a $67.00 price target (up previously from $64.00) on shares of EQT in a research note on Wednesday, February 21st. Wolfe Research raised shares of EQT from a “peer perform” rating to an “outperform” rating in a research note on Wednesday, February 14th. Royal Bank of Canada raised shares of EQT from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $45.73 to $77.00 in a research note on Monday, February 12th. They noted that the move was a valuation call. Finally, ValuEngine cut shares of EQT from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $76.77.

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EQT 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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Institutional Ownership by Quarter for EQT (NYSE:EQT)

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