L & S Advisors Inc Invests $2.43 Million in EQT Co. (NYSE:EQT)

L & S Advisors Inc acquired a new position in shares of EQT Co. (NYSE:EQT) in the fourth quarter, Holdings Channel reports. The firm acquired 52,739 shares of the oil and gas producer’s stock, valued at approximately $2,432,000.

Other institutional investors also recently added to or reduced their stakes in the company. Quarry LP lifted its position in shares of EQT by 184.7% during the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 578 shares during the last quarter. Financial Avengers Inc. raised its stake in shares of 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 acquiring an additional 504 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in EQT by 26.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock valued at $45,000 after acquiring an additional 205 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in EQT by 22.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock valued at $48,000 after acquiring an additional 193 shares in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new position in EQT in the fourth quarter worth $55,000. Institutional investors own 90.81% of the company’s stock.

EQT Stock Up 1.4 %

EQT stock opened at $53.07 on Friday. The firm’s fifty day moving average is $51.38 and its 200 day moving average is $44.93. The firm has a market cap of $31.71 billion, a PE ratio of 132.68, 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 announced its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.19. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates 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 business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders 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 annualized dividend and a dividend yield of 1.19%. EQT’s dividend payout ratio (DPR) is 157.50%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Stephens raised EQT from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $41.00 to $59.00 in a research report on Tuesday, March 18th. Mizuho upgraded EQT from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $48.00 to $57.00 in a research note on Monday, December 16th. Scotiabank cut shares of EQT from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from $55.00 to $54.00 in a research note on Friday, January 17th. Morgan Stanley reissued an “overweight” rating and set a $67.00 target price (up previously from $63.00) on shares of EQT in a research report on Wednesday. Finally, The Goldman Sachs Group reiterated a “reduce” rating on shares of EQT in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.11.

About EQT

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.