Larson Financial Group LLC Buys 1,290 Shares of EQT Co. (NYSE:EQT)

Larson Financial Group LLC lifted its stake in EQT Co. (NYSE:EQT) by 1,343.8% in the 4th quarter, HoldingsChannel reports. The fund owned 1,386 shares of the oil and gas producer’s stock after purchasing an additional 1,290 shares during the quarter. Larson Financial Group LLC’s holdings in EQT were worth $64,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in EQT. Truvestments Capital LLC bought a new position in EQT in the third quarter worth about $30,000. Quarry LP boosted its stake in EQT by 184.7% in the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 578 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in EQT in the 3rd quarter worth $36,000. Financial Avengers Inc. grew its stake in EQT by 100.8% during the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 504 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of EQT by 22.7% in 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 purchasing an additional 193 shares during the period. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

EQT Trading Down 0.2 %

Shares of EQT stock opened at $49.03 on Thursday. EQT Co. has a 1-year low of $30.02 and a 1-year high of $56.66. The company has a market cap of $29.29 billion, a price-to-earnings ratio of 122.57, a PEG ratio of 0.64 and a beta of 1.12. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The stock has a 50 day simple moving average of $50.71 and a 200-day simple moving average of $43.28.

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

EQT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT’s dividend payout ratio is presently 157.50%.

Analyst Ratings Changes

EQT has been the subject of a number of research reports. Citigroup downgraded EQT from a “buy” rating to a “reduce” rating in a report on Wednesday, March 5th. StockNews.com upgraded shares of EQT to a “sell” rating in a research note on Saturday, February 8th. Sanford C. Bernstein upgraded shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price objective on the stock in a research note on Wednesday, January 15th. Royal Bank of Canada restated a “sector perform” rating and set a $49.00 target price on shares of EQT in a research report on Monday, January 6th. Finally, UBS Group increased their price target on EQT from $54.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $52.44.

EQT 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.