International Assets Investment Management LLC Purchases Shares of 54,877 EQT Co. (NYSE:EQT)

International Assets Investment Management LLC acquired a new stake in shares of EQT Co. (NYSE:EQT) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 54,877 shares of the oil and gas producer’s stock, valued at approximately $21,220,000.

Other institutional investors and hedge funds have also modified their holdings of the company. BKM Wealth Management LLC purchased a new position in EQT during the fourth quarter valued at approximately $40,000. Allworth Financial LP boosted its position in EQT by 26.9% in the 3rd quarter. Allworth Financial LP now owns 1,332 shares of the oil and gas producer’s stock worth $54,000 after purchasing an additional 282 shares in the last quarter. First Command Advisory Services Inc. acquired a new stake in shares of EQT during the 3rd quarter worth approximately $54,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of EQT by 52.6% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,563 shares of the oil and gas producer’s stock valued at $60,000 after purchasing an additional 539 shares in the last quarter. Finally, CX Institutional acquired a new position in shares of EQT in the 4th quarter valued at $64,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Stock Up 2.0 %

Shares of NYSE EQT opened at $40.27 on Friday. The stock has a market cap of $17.78 billion, a PE ratio of 29.18 and a beta of 1.09. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32. EQT Co. has a 12-month low of $30.84 and a 12-month high of $45.23. The company has a 50-day moving average of $36.82 and a 200 day moving average of $37.81.

EQT (NYSE:EQT) last posted its quarterly earnings results on Tuesday, April 23rd. The oil and gas producer reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.17. EQT had a return on equity of 4.57% and a net margin of 10.96%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period in the prior year, the business earned $1.70 earnings per share. The business’s revenue was down 28.8% compared to the same quarter last year. As a group, sell-side analysts predict that EQT Co. will post 1.14 EPS for the current fiscal year.

EQT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 8th will be paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Tuesday, May 7th. EQT’s dividend payout ratio (DPR) is presently 45.65%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Jefferies Financial Group raised their price target on shares of EQT from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Sanford C. Bernstein upgraded EQT from an “underperform” rating to a “market perform” rating and lifted their price target for the company from $27.00 to $34.00 in a research note on Wednesday, April 10th. Scotiabank raised EQT from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $40.00 to $52.00 in a report on Thursday, April 11th. Stephens raised their price objective on EQT from $46.00 to $47.00 and gave the company an “equal weight” rating in a report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $37.00 target price (down from $39.00) on shares of EQT in a research note on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, EQT currently has an average rating of “Hold” and an average price target of $44.56.

About EQT

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.