EQT Co. (NYSE:EQT) Shares Acquired by New York Life Investment Management LLC

New York Life Investment Management LLC increased its stake in shares of EQT Co. (NYSE:EQT) by 12.6% in the 4th quarter, HoldingsChannel reports. The firm owned 58,314 shares of the oil and gas producer’s stock after buying an additional 6,517 shares during the quarter. New York Life Investment Management LLC’s holdings in EQT were worth $2,254,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BKM Wealth Management LLC purchased a new stake in shares of EQT in the fourth quarter valued at $40,000. Allworth Financial LP raised its stake 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 valued at $54,000 after purchasing an additional 282 shares during the last quarter. First Command Advisory Services Inc. purchased a new position in EQT in the 3rd quarter valued at about $54,000. Massmutual Trust Co. FSB ADV boosted its stake 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 worth $60,000 after purchasing an additional 539 shares during the last quarter. Finally, CX Institutional purchased a new stake in shares of EQT during the fourth quarter worth about $64,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

EQT Stock Up 1.9 %

Shares of NYSE EQT opened at $41.04 on Tuesday. The stock has a fifty day moving average price of $36.90 and a 200 day moving average price of $37.76. 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 $31.58 and a 12-month high of $45.23. The company has a market cap of $18.12 billion, a P/E ratio of 29.74 and a beta of 1.09.

EQT (NYSE:EQT) last posted its 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. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.58 billion. EQT had a return on equity of 4.57% and a net margin of 10.96%. The company’s revenue for the quarter was down 28.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.70 earnings per share. Research analysts anticipate that EQT Co. will post 1.14 EPS for the current fiscal year.

EQT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 8th will be paid a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Tuesday, May 7th. EQT’s dividend payout ratio (DPR) is 45.65%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EQT. StockNews.com upgraded shares of EQT to a “sell” rating in a research report on Tuesday, March 12th. Sanford C. Bernstein raised EQT from an “underperform” rating to a “market perform” rating and lifted their price objective for the company from $27.00 to $34.00 in a research report on Wednesday, April 10th. Mizuho increased their target price on EQT from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $46.00 price objective on shares of EQT in a research note on Tuesday, March 5th. Finally, The Goldman Sachs Group decreased their target price on shares of EQT from $48.00 to $43.00 and set a “buy” rating on the stock in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, EQT presently has a consensus rating of “Hold” and a consensus target price of $44.56.

EQT Company 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.