EQT Co. (NYSE:EQT) Holdings Raised by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its position in EQT Co. (NYSE:EQT) by 14.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 268,496 shares of the oil and gas producer’s stock after acquiring an additional 34,271 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in EQT were worth $12,380,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in EQT. Truvestments Capital LLC bought a new position in EQT during the 3rd quarter worth $30,000. Quarry LP grew its stake in EQT by 184.7% during the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 578 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in EQT during the 3rd quarter worth $36,000. Financial Avengers Inc. grew its stake in EQT by 100.8% during the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock worth $37,000 after buying an additional 504 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in EQT by 22.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock worth $48,000 after buying an additional 193 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors.

EQT Price Performance

NYSE:EQT opened at $49.03 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. EQT Co. has a 52-week low of $30.02 and a 52-week high of $56.66. The firm has a market cap of $29.29 billion, a P/E ratio of 122.57, a PEG ratio of 0.64 and a beta of 1.12. The business’s 50-day moving average price is $50.71 and its 200 day moving average price is $43.28.

EQT (NYSE:EQT) last released 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. EQT had a return on equity of 4.35% and a net margin of 4.37%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. As a group, sell-side analysts predict that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a $0.1575 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.29%. EQT’s dividend payout ratio (DPR) is 157.50%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Scotiabank downgraded EQT from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $55.00 to $54.00 in a research note on Friday, January 17th. Citigroup downgraded EQT from a “buy” rating to a “reduce” rating in a research note on Wednesday, March 5th. Mizuho upgraded EQT from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $48.00 to $57.00 in a research note on Monday, December 16th. Jefferies Financial Group increased their price target on EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $49.00 price target on shares of EQT in a research note on Monday, January 6th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, EQT has an average rating of “Hold” and an average price target of $52.44.

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.