Union Bancaire Privee UBP SA Acquires Shares of 66,310 EQT Co. (NYSE:EQT)

Union Bancaire Privee UBP SA acquired a new stake in shares of EQT Co. (NYSE:EQT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 66,310 shares of the oil and gas producer’s stock, valued at approximately $3,022,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. HM Payson & Co. acquired a new stake in shares of EQT during the 3rd quarter worth approximately $25,000. Truvestments Capital LLC acquired a new stake in shares of EQT during the 3rd quarter worth approximately $30,000. Quarry LP raised its position in shares of EQT by 184.7% during 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 during the period. Brown Brothers Harriman & Co. acquired a new stake in shares of EQT during the 3rd quarter worth approximately $36,000. Finally, Financial Avengers Inc. raised its position in shares of EQT by 100.8% during the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock worth $37,000 after purchasing an additional 504 shares during the period. 90.81% of the stock is currently owned by institutional investors and hedge funds.

EQT Stock Performance

Shares of EQT stock opened at $50.15 on Friday. The stock has a market cap of $29.96 billion, a PE ratio of 125.37, a price-to-earnings-growth ratio of 0.64 and a beta of 1.08. The business has a fifty day simple moving average of $49.67 and a 200-day simple moving average of $41.79. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. EQT Co. has a 12 month low of $30.02 and a 12 month high of $56.66.

EQT (NYSE:EQT) last issued its 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. EQT had a return on equity of 4.35% and a net margin of 4.37%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.81 billion. On average, sell-side analysts anticipate that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a dividend of $0.1575 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.63 annualized dividend and a dividend yield of 1.26%. EQT’s dividend payout ratio is 157.50%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. UBS Group raised their target price on EQT from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Wells Fargo & Company raised their target price on EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Mizuho upgraded EQT from a “neutral” rating to an “outperform” rating and raised their target price for the company from $48.00 to $57.00 in a research report on Monday, December 16th. Sanford C. Bernstein upgraded EQT from a “market perform” rating to an “outperform” rating and set a $73.00 target price on the stock in a research report on Wednesday, January 15th. Finally, Jefferies Financial Group raised their target price on EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, EQT presently has a consensus rating of “Hold” and an average price target of $52.17.

Insider Buying and Selling

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the transaction, the director now directly owns 201,608 shares in the company, valued at $9,038,086.64. This trade represents a 13.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.63% of the stock is owned by corporate insiders.

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.