EQT Co. (NYSE:EQT) Shares Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S increased its holdings in EQT Co. (NYSE:EQT) by 69.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,230 shares of the oil and gas producer’s stock after acquiring an additional 15,669 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in EQT were worth $1,763,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock valued at $45,000 after acquiring an additional 205 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in 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 in the last quarter. Stonebridge Financial Group LLC bought a new position in EQT during the 4th quarter worth approximately $55,000. First Horizon Advisors Inc. grew its position in shares of EQT by 33.1% in the 4th quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer’s stock worth $55,000 after acquiring an additional 298 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of EQT by 1,343.8% in the 4th quarter. Larson Financial Group LLC now owns 1,386 shares of the oil and gas producer’s stock valued at $64,000 after acquiring an additional 1,290 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

EQT Trading Down 6.6 %

Shares of EQT opened at $47.60 on Tuesday. The business’s 50-day moving average price is $50.65 and its 200 day moving average price is $46.82. EQT Co. has a 1-year low of $30.02 and a 1-year high of $56.66. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $28.44 billion, a P/E ratio of 119.00, a P/E/G ratio of 0.64 and a beta of 1.35.

EQT (NYSE:EQT) last announced its quarterly earnings results 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 return on equity of 4.35% and a net margin of 4.37%. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Analysts expect that EQT Co. will post 3.27 earnings per share for the current year.

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 7th will be issued a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Wednesday, May 7th. EQT’s dividend payout ratio is currently 157.50%.

Wall Street Analysts Forecast Growth

EQT has been the subject of several recent research reports. Wells Fargo & Company boosted their target price on shares of EQT from $53.00 to $58.00 and gave the company an “overweight” rating in a research note on Wednesday, March 19th. Jefferies Financial Group boosted their price objective on shares of EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Stephens cut their target price on shares of EQT from $59.00 to $57.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Mizuho upped their target price on EQT from $57.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, April 1st. Finally, Scotiabank downgraded EQT from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $55.00 to $54.00 in a report on Friday, January 17th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.56.

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.