Central Bank & Trust Co. Has $1.11 Million Stake in EQT Co. (NYSE:EQT)

Central Bank & Trust Co. raised its holdings in EQT Co. (NYSE:EQT) by 11.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,339 shares of the oil and gas producer’s stock after buying an additional 3,174 shares during the quarter. Central Bank & Trust Co.’s holdings in EQT were worth $1,112,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HM Payson & Co. bought a new stake in shares of EQT in the 3rd quarter valued at approximately $25,000. Innealta Capital LLC bought a new stake in shares of EQT in the 2nd quarter worth about $28,000. Hexagon Capital Partners LLC lifted its holdings in EQT by 18,080.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 904 shares during the last quarter. Wolff Wiese Magana LLC grew its stake in EQT by 936.1% during the second quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer’s stock worth $37,000 after buying an additional 908 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of EQT by 149.5% in the second quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock valued at $37,000 after acquiring an additional 598 shares during the last quarter. 90.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EQT has been the subject of a number of research analyst reports. Wells Fargo & Company raised EQT from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $40.00 to $42.00 in a report on Wednesday, August 14th. Wolfe Research assumed coverage on EQT in a research report on Thursday, July 18th. They issued an “outperform” rating and a $51.00 price objective on the stock. UBS Group upped their target price on shares of EQT from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday. BMO Capital Markets upped their price objective on EQT from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Finally, StockNews.com raised EQT to a “sell” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, EQT currently has an average rating of “Moderate Buy” and a consensus target price of $42.61.

EQT Price Performance

Shares of NYSE:EQT opened at $36.80 on Tuesday. EQT Co. has a one year low of $30.02 and a one year high of $44.47. The company has a market cap of $16.25 billion, a price-to-earnings ratio of 43.81 and a beta of 1.06. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a 50 day simple moving average of $35.31 and a 200 day simple moving average of $36.61.

EQT (NYSE:EQT) last posted its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 EPS. Research analysts predict that EQT Co. will post 1.42 earnings per share for the current fiscal year.

EQT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Wednesday, November 6th. EQT’s dividend payout ratio 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.