EQT Co. (NYSE:EQT) Holdings Lifted by New York Life Investment Management LLC

New York Life Investment Management LLC lifted its holdings in shares of EQT Co. (NYSE:EQT) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,453 shares of the oil and gas producer’s stock after buying an additional 2,012 shares during the period. New York Life Investment Management LLC’s holdings in EQT were worth $3,710,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wilmington Savings Fund Society FSB boosted its position in EQT by 4.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer’s stock worth $218,000 after acquiring an additional 223 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in EQT by 15.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer’s stock valued at $79,000 after buying an additional 236 shares during the period. Radnor Capital Management LLC raised its position in shares of EQT by 0.4% during the 4th quarter. Radnor Capital Management LLC now owns 60,948 shares of the oil and gas producer’s stock worth $2,810,000 after buying an additional 237 shares in the last quarter. Waldron Private Wealth LLC lifted its stake in shares of EQT by 0.7% in the 4th quarter. Waldron Private Wealth LLC now owns 37,323 shares of the oil and gas producer’s stock worth $1,721,000 after acquiring an additional 251 shares during the period. Finally, First Horizon Advisors Inc. boosted its holdings in shares of EQT by 33.1% in the fourth quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer’s stock valued at $55,000 after acquiring an additional 298 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. UBS Group boosted their target price on EQT from $54.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Morgan Stanley boosted their price objective on EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Jefferies Financial Group raised their target price on EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $49.00 price target on shares of EQT in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of EQT from $53.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $52.39.

Insider Activity

In related news, Director Thomas F. Karam sold 30,154 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total value of $1,351,803.82. Following the transaction, the director now owns 201,608 shares in the company, valued at approximately $9,038,086.64. This represents a 13.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.63% of the stock is currently owned by corporate insiders.

EQT Trading Up 3.5 %

NYSE EQT opened at $48.25 on Friday. The firm’s 50 day moving average price is $50.16 and its two-hundred day moving average price is $42.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. EQT Co. has a twelve month low of $30.02 and a twelve month high of $56.66. The stock has a market cap of $28.82 billion, a price-to-earnings ratio of 120.62, a PEG ratio of 0.64 and a beta of 1.08.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.19. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. Equities analysts anticipate that EQT Co. will post 3.27 EPS for the current year.

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Tuesday, February 18th. EQT’s payout ratio is presently 157.50%.

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.