Smartleaf Asset Management LLC Acquires 859 Shares of EQT Co. (NYSE:EQT)

Smartleaf Asset Management LLC boosted its holdings in shares of EQT Co. (NYSE:EQT) by 45.2% during the 4th quarter, Holdings Channel reports. The fund owned 2,761 shares of the oil and gas producer’s stock after buying an additional 859 shares during the period. Smartleaf Asset Management LLC’s holdings in EQT were worth $129,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new stake in shares of EQT during the third quarter valued at about $30,000. Quarry LP lifted its position in shares of EQT by 184.7% during the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 578 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of EQT during the third quarter valued at about $36,000. Financial Avengers Inc. lifted its position in shares of EQT by 100.8% during the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock valued at $37,000 after buying an additional 504 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of EQT by 22.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock valued at $48,000 after buying an additional 193 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group reissued a “reduce” rating on shares of EQT in a research report on Wednesday, February 12th. Mizuho raised shares of EQT from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $48.00 to $57.00 in a research note on Monday, December 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $49.00 price objective on shares of EQT in a research note on Monday, January 6th. Citigroup raised their price objective on shares of EQT from $44.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of EQT from $53.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $52.44.

EQT Stock Up 1.7 %

NYSE EQT opened at $46.96 on Friday. EQT Co. has a 52 week low of $30.02 and a 52 week high of $56.66. 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 fifty day simple moving average is $50.58 and its 200-day simple moving average is $42.89. The firm has a market cap of $28.06 billion, a PE ratio of 117.40, a P/E/G ratio of 0.64 and a beta of 1.12.

EQT (NYSE:EQT) last posted 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 business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. As a group, equities analysts anticipate that EQT Co. will post 3.27 earnings per share for the current year.

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $0.1575 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 annualized dividend and a yield of 1.34%. EQT’s dividend payout ratio (DPR) is currently 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.