[ad_1]
Axxcess Wealth Management LLC lifted its holdings in shares of EQT Corporation (NYSE:EQT – Free Report) by 7.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,661 shares of the oil and gas producer’s stock after purchasing an additional 434 shares during the period. Axxcess Wealth Management LLC’s holdings in EQT were worth $356,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the stock. Greenleaf Trust lifted its holdings in EQT by 2.4% during the first quarter. Greenleaf Trust now owns 19,954 shares of the oil and gas producer’s stock valued at $1,066,000 after purchasing an additional 477 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in EQT by 67.9% in the 1st quarter. Valeo Financial Advisors LLC now owns 14,669 shares of the oil and gas producer’s stock valued at $784,000 after purchasing an additional 5,931 shares during the period. M&T Bank Corp boosted its stake in EQT by 7.7% during the first quarter. M&T Bank Corp now owns 28,799 shares of the oil and gas producer’s stock valued at $1,538,000 after buying an additional 2,051 shares during the period. Stratos Wealth Partners LTD. grew its holdings in shares of EQT by 71.1% during the first quarter. Stratos Wealth Partners LTD. now owns 45,647 shares of the oil and gas producer’s stock worth $2,439,000 after purchasing an additional 18,976 shares in the last quarter. Finally, Stratos Investment Management LLC bought a new position in shares of EQT in the first quarter worth approximately $1,175,000. Institutional investors own 90.81% of the company’s stock.
EQT Stock Performance
Shares of EQT stock opened at $55.33 on Monday. EQT Corporation has a 12 month low of $30.02 and a 12 month high of $61.02. The firm has a market capitalization of $33.13 billion, a P/E ratio of 97.07, a P/E/G ratio of 0.35 and a beta of 0.65. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.33. The business has a fifty day simple moving average of $56.14 and a two-hundred day simple moving average of $52.50.
EQT (NYSE:EQT – Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.20. EQT had a net margin of 6.59% and a return on equity of 5.52%. The company had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.16 billion. On average, equities analysts forecast that EQT Corporation will post 3.27 earnings per share for the current fiscal year.
EQT Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th were paid a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Wednesday, May 7th. EQT’s dividend payout ratio is 110.53%.
Analyst Ratings Changes
A number of research analysts recently commented on the company. TD Cowen raised EQT from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Tuesday, April 8th. Stephens dropped their price objective on EQT from $59.00 to $57.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. Citigroup increased their target price on shares of EQT from $51.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, March 17th. Piper Sandler raised their target price on EQT from $35.00 to $48.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 13th. Finally, Wall Street Zen lowered EQT from a “hold” rating to a “sell” rating in a research report on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, EQT presently has an average rating of “Moderate Buy” and a consensus target price of $60.15.
Check Out Our Latest Report on EQT
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.
Featured Stories
Want to see what other hedge funds are holding EQT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EQT Corporation (NYSE:EQT – Free Report).
Receive News & Ratings for EQT Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for EQT and related companies with MarketBeat.com’s FREE daily email newsletter.
[ad_2]
Source link