Callan Family Office LLC Makes New $801,000 Investment in EQT Co. (NYSE:EQT)

Callan Family Office LLC acquired a new position in shares of EQT Co. (NYSE:EQT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 17,372 shares of the oil and gas producer’s stock, valued at approximately $801,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQT. Truvestments Capital LLC bought a new stake in EQT during the 3rd quarter worth approximately $30,000. Quarry LP increased its holdings in 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 in the last quarter. Brown Brothers Harriman & Co. bought a new stake in EQT during the 3rd quarter worth approximately $36,000. Financial Avengers Inc. increased its holdings 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 worth $37,000 after purchasing an additional 504 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in EQT by 22.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock worth $48,000 after purchasing an additional 193 shares in the last quarter. 90.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on EQT shares. Jefferies Financial Group upped their target price on EQT from $45.00 to $55.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $49.00 target price on shares of EQT in a report on Monday, January 6th. StockNews.com raised EQT to a “sell” rating in a report on Saturday, February 8th. The Goldman Sachs Group reaffirmed a “reduce” rating on shares of EQT in a report on Wednesday, February 12th. Finally, Wells Fargo & Company upped their target price on EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Two investment 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $52.44.

EQT Trading Up 1.7 %

NYSE:EQT opened at $46.96 on Friday. The company has a market cap of $28.06 billion, a P/E ratio of 117.40, a P/E/G ratio of 0.64 and a beta of 1.12. The stock’s fifty day moving average price is $50.58 and its two-hundred day moving average price is $42.96. EQT Co. has a 1 year low of $30.02 and a 1 year high of $56.66. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51.

EQT (NYSE:EQT) last posted its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.19. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. As a group, analysts expect that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

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

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.