EQT Co. (EQT) Position Lifted by BB&T Securities LLC

BB&T Securities LLC increased its position in EQT Co. (NYSE:EQT) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,582 shares of the oil and gas producer’s stock after acquiring an additional 2,288 shares during the quarter. BB&T Securities LLC’s holdings in EQT were worth $2,708,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Calton & Associates Inc. bought a new position in EQT in the 4th quarter worth $104,000. NuWave Investment Management LLC acquired a new stake in EQT in the 4th quarter worth $126,000. Assetmark Inc. grew its position 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 last quarter. Zeke Capital Advisors LLC acquired a new stake in EQT in the 3rd quarter worth $212,000. Finally, FNY Partners Fund LP acquired a new stake in EQT in the 4th quarter worth $220,000. Hedge funds and other institutional investors own 91.47% of the company’s stock.

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Several analysts have issued reports on EQT shares. Jefferies Group restated a “hold” rating and issued a $57.00 price target on shares of EQT in a research report on Monday, March 19th. Royal Bank of Canada upgraded shares of EQT from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $45.73 to $77.00 in a research report on Monday, February 12th. They noted that the move was a valuation call. ValuEngine lowered shares of EQT from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Zacks Investment Research lowered shares of EQT from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Finally, BMO Capital Markets restated a “buy” rating and issued a $75.00 price target on shares of EQT in a research report on Tuesday, December 26th. 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 company’s stock. EQT presently has an average rating of “Buy” and an average target price of $76.77.

Shares of EQT stock opened at $48.22 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.40. EQT Co. has a 12-month low of $43.70 and a 12-month high of $67.84. The firm has a market cap of $12,898.35, a PE ratio of 6.74, a PEG ratio of 1.85 and a beta of 0.74.

EQT (NYSE:EQT) last issued its 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. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $909.42 million. EQT had a net margin of 44.66% and a return on equity of 2.35%. The firm’s revenue was up 197.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.25 EPS. analysts anticipate that EQT Co. will post 1.76 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Wednesday, February 14th were given a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.12 dividend on an annualized basis and a yield of 0.25%. EQT’s dividend payout ratio (DPR) is presently 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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Institutional Ownership by Quarter for EQT (NYSE:EQT)

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