Counterpoint Mutual Funds LLC Buys New Holdings in EQT Co. (NYSE:EQT)

Counterpoint Mutual Funds LLC bought a new stake in EQT Co. (NYSE:EQT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,463 shares of the oil and gas producer’s stock, valued at approximately $298,000.

A number of other large investors have also modified their holdings of the company. Truvestments Capital LLC acquired a new position in EQT during the third quarter worth $30,000. Quarry LP raised its stake in EQT by 184.7% during the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 578 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in EQT during the third quarter worth $36,000. Financial Avengers Inc. raised its stake in EQT by 100.8% during the third 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. Finally, EverSource Wealth Advisors LLC raised its stake 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 worth $45,000 after acquiring an additional 205 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EQT has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their price target on EQT from $45.00 to $55.00 and gave the company a “buy” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. boosted their target price on shares of EQT from $58.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, March 13th. Scotiabank downgraded shares of EQT from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $55.00 to $54.00 in a research note on Friday, January 17th. The Goldman Sachs Group reaffirmed a “reduce” rating on shares of EQT in a research note on Wednesday, February 12th. Finally, Morgan Stanley boosted their target price on shares of EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $54.22.

EQT Stock Up 1.7 %

Shares of NYSE EQT opened at $52.55 on Wednesday. The stock has a market cap of $31.40 billion, a P/E ratio of 131.38, a P/E/G ratio of 0.64 and a beta of 1.12. The firm has a 50 day moving average price of $50.98 and a 200 day moving average price of $43.85. 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 52-week low of $30.02 and a 52-week high of $56.66.

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

EQT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Tuesday, February 18th. EQT’s dividend payout ratio is currently 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.