EQT Co. (NYSE:EQT) Stock Holdings Boosted by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its position in shares of EQT Co. (NYSE:EQT) by 46.0% in the third quarter, HoldingsChannel reports. The firm owned 75,047 shares of the oil and gas producer’s stock after acquiring an additional 23,640 shares during the period. Daiwa Securities Group Inc.’s holdings in EQT were worth $2,750,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. bought a new stake in shares of EQT during the first quarter valued at approximately $209,000. Hancock Whitney Corp increased its position in EQT by 3.0% in the 1st quarter. Hancock Whitney Corp now owns 14,603 shares of the oil and gas producer’s stock valued at $541,000 after acquiring an additional 419 shares during the period. Comerica Bank raised its stake in EQT by 12.2% during the 1st quarter. Comerica Bank now owns 134,659 shares of the oil and gas producer’s stock valued at $4,992,000 after acquiring an additional 14,622 shares in the last quarter. Virtu Financial LLC boosted its position in EQT by 184.3% during the 1st quarter. Virtu Financial LLC now owns 53,138 shares of the oil and gas producer’s stock worth $1,970,000 after acquiring an additional 34,446 shares during the period. Finally, Swedbank AB bought a new stake in shares of EQT during the first quarter valued at about $4,073,000. Institutional investors own 90.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Bank of America started coverage on shares of EQT in a research report on Monday, October 28th. They issued a “buy” rating and a $50.00 target price for the company. Citigroup upgraded shares of EQT from a “neutral” rating to a “buy” rating and increased their price objective for the company from $37.00 to $44.00 in a report on Thursday, October 3rd. JPMorgan Chase & Co. boosted their target price on EQT from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, September 26th. UBS Group increased their price target on EQT from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, BMO Capital Markets boosted their price objective on EQT from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.67.

EQT Price Performance

NYSE EQT opened at $45.29 on Thursday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. EQT Co. has a 1 year low of $30.02 and a 1 year high of $48.02. The company has a market cap of $27.02 billion, a PE ratio of 53.92 and a beta of 1.06. The stock’s 50-day moving average price is $38.93 and its two-hundred day moving average price is $37.11.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. EQT had a net margin of 5.52% and a return on equity of 3.74%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the business earned $0.30 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. On average, analysts predict that EQT Co. will post 1.38 EPS for the current year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th will be given a $0.1575 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 annualized dividend and a dividend yield of 1.39%. EQT’s dividend payout ratio (DPR) is presently 75.00%.

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.