Smartleaf Asset Management LLC Grows Position in EQT Co. (NYSE:EQT)

Smartleaf Asset Management LLC lifted its stake in EQT Co. (NYSE:EQT) by 45.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,761 shares of the oil and gas producer’s stock after buying an additional 859 shares during the quarter. Smartleaf Asset Management LLC’s holdings in EQT were worth $129,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of EQT. Truvestments Capital LLC purchased a new position in shares of EQT in the third quarter worth $30,000. Quarry LP raised its stake in 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 purchasing an additional 578 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in EQT during the third quarter valued at $36,000. Financial Avengers Inc. raised its stake in 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 purchasing an additional 504 shares in the last quarter. Finally, 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 purchasing an additional 193 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

EQT Trading Up 1.7 %

NYSE EQT opened at $46.96 on Friday. The company’s 50-day moving average price is $50.58 and its 200-day moving average price is $42.89. 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 cap of $28.06 billion, a PE ratio of 117.40, a PEG ratio of 0.64 and a beta of 1.12. EQT Co. has a 12 month low of $30.02 and a 12 month high of $56.66.

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 analysts’ consensus estimates of $0.50 by $0.19. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. Equities research analysts forecast that EQT Co. will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.34%. The ex-dividend date was Tuesday, February 18th. EQT’s payout ratio is 157.50%.

Analyst Upgrades and Downgrades

EQT has been the topic of a number of recent research reports. Wells Fargo & Company upped their price target on shares of EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group reaffirmed a “reduce” rating on shares of EQT in a research note on Wednesday, February 12th. StockNews.com raised shares of EQT to a “sell” rating in a research note on Saturday, February 8th. Scotiabank downgraded shares of EQT from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the company from $55.00 to $54.00 in a research note on Friday, January 17th. Finally, UBS Group upped their price target on shares of EQT from $54.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.