4,514 Shares in EQT Co. (NYSE:EQT) Bought by Meridian Investment Counsel Inc.

Meridian Investment Counsel Inc. bought a new stake in EQT Co. (NYSE:EQT) during the 4th quarter, Holdings Channel.com reports. The fund bought 4,514 shares of the oil and gas producer’s stock, valued at approximately $208,000.

Other large investors have also added to or reduced their stakes in the company. Quarry LP grew its position in shares of EQT by 184.7% in 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. Financial Avengers Inc. grew its holdings in EQT by 100.8% in the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock worth $37,000 after purchasing an additional 504 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of EQT by 26.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock worth $45,000 after purchasing an additional 205 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of 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 valued at $48,000 after purchasing an additional 193 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in EQT during the 4th quarter valued at about $55,000. 90.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EQT shares. Scotiabank downgraded shares of EQT from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from $55.00 to $54.00 in a report on Friday, January 17th. JPMorgan Chase & Co. raised their target price on EQT from $58.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, March 13th. Mizuho upgraded EQT from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $48.00 to $57.00 in a research note on Monday, December 16th. Sanford C. Bernstein raised EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price objective on the stock in a report on Wednesday, January 15th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $49.00 target price on shares of EQT in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, EQT currently has an average rating of “Moderate Buy” and a consensus price target of $55.11.

EQT Stock Up 1.0 %

EQT stock opened at $53.52 on Tuesday. The firm’s fifty day moving average is $51.39 and its 200 day moving average is $45.16. The firm has a market cap of $31.98 billion, a PE ratio of 133.81, a P/E/G ratio of 0.64 and a beta of 1.12. EQT Co. has a one year low of $30.02 and a one year high of $56.66. 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 (NYSE:EQT) last posted its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.19. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. On average, research analysts forecast that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $0.1575 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.18%. EQT’s dividend payout ratio (DPR) is 157.50%.

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.