Benjamin F. Edwards & Company Inc. Purchases Shares of 6,300 EQT Co. (NYSE:EQT)

Benjamin F. Edwards & Company Inc. purchased a new stake in shares of EQT Co. (NYSE:EQT – Get Rating) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,300 shares of the oil and gas producer’s stock, valued at approximately $213,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Larson Financial Group LLC bought a new position in shares of EQT in the third quarter valued at $28,000. Exos TFP Holdings LLC bought a new position in EQT in the 3rd quarter valued at about $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in EQT during the 4th quarter valued at about $33,000. Clearstead Advisors LLC purchased a new stake in shares of EQT in the third quarter worth approximately $41,000. Finally, Alta Advisers Ltd purchased a new position in shares of EQT during the third quarter valued at approximately $45,000. Institutional investors own 97.60% of the company’s stock.

EQT Stock Performance

Shares of EQT stock opened at $32.35 on Monday. The stock has a market capitalization of $11.70 billion, a P/E ratio of 2.87, a PEG ratio of 0.57 and a beta of 1.17. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.42. The firm’s 50 day moving average is $32.02 and its 200 day moving average is $34.89. EQT Co. has a 12 month low of $28.10 and a 12 month high of $51.97.

EQT (NYSE:EQT – Get Rating) last posted its earnings results on Wednesday, April 26th. The oil and gas producer reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.38. EQT had a net margin of 41.96% and a return on equity of 15.17%. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the prior year, the company posted $0.81 EPS. The business’s revenue for the quarter was down 26.4% compared to the same quarter last year. On average, sell-side analysts anticipate that EQT Co. will post 2.65 earnings per share for the current year.

EQT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Wednesday, May 10th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.85%. The ex-dividend date is Tuesday, May 9th. EQT’s dividend payout ratio is presently 5.33%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on EQT shares. UBS Group started coverage on shares of EQT in a research note on Wednesday, April 19th. They issued a “neutral” rating and a $36.00 target price for the company. Piper Sandler upped their price objective on EQT from $50.00 to $53.00 in a research note on Friday, April 28th. The Goldman Sachs Group lowered their target price on EQT from $49.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, January 25th. Morgan Stanley lowered their price objective on shares of EQT from $42.00 to $37.00 and set an “overweight” rating on the stock in a research report on Monday, March 27th. Finally, Wells Fargo & Company dropped their target price on shares of EQT from $41.00 to $39.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 11th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.35.

About EQT

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EQT Corp. is a natural gas production company, which engages in the supply, transmission, and distribution of natural gas. The company was founded in 1888 and is headquartered in Pittsburgh, PA.