HBK Investments L P acquired a new position in EQT Co. (NYSE:EQT) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 342,700 shares of the oil and gas producer’s stock, valued at approximately $19,506,000. HBK Investments L P owned approximately 0.20% of EQT as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently bought and sold shares of EQT. Share Andrew L. bought a new stake in shares of EQT in the 4th quarter worth $580,007,000. BlackRock Inc. raised its stake in shares of EQT by 29.7% in the 4th quarter. BlackRock Inc. now owns 18,616,806 shares of the oil and gas producer’s stock worth $1,059,671,000 after buying an additional 4,265,536 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in shares of EQT by 27.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 3,797,012 shares of the oil and gas producer’s stock worth $216,126,000 after buying an additional 820,493 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of EQT by 44.1% in the 4th quarter. Geode Capital Management LLC now owns 2,555,286 shares of the oil and gas producer’s stock worth $145,137,000 after buying an additional 782,352 shares in the last quarter. Finally, Goldentree Asset Management LP raised its stake in shares of EQT by 191.5% in the 4th quarter. Goldentree Asset Management LP now owns 1,136,398 shares of the oil and gas producer’s stock worth $64,684,000 after buying an additional 746,495 shares in the last quarter. 91.48% of the stock is currently owned by institutional investors.
EQT Co. (NYSE EQT) opened at $52.20 on Tuesday. EQT Co. has a twelve month low of $43.70 and a twelve month high of $67.84. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $13,868.96, a price-to-earnings ratio of 38.00, a PEG ratio of 2.07 and a beta of 0.74.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.03 per share. The ex-dividend date was Tuesday, February 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.23%. EQT’s dividend payout ratio is 1.68%.
A number of equities research analysts have recently issued reports on EQT shares. BMO Capital Markets reaffirmed a “buy” rating and set a $75.00 target price on shares of EQT in a research report on Tuesday, November 14th. SunTrust Banks reaffirmed a “hold” rating and set a $65.00 target price on shares of EQT in a research report on Friday, December 8th. Credit Suisse Group started coverage on EQT in a research report on Monday, December 11th. They set an “outperform” rating and a $70.00 target price on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $64.00 target price on shares of EQT in a research report on Thursday, December 14th. Finally, Jefferies Group set a $62.00 target price on EQT and gave the stock a “hold” rating in a research report on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. EQT has a consensus rating of “Buy” and an average price target of $77.38.
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EQT Company Profile
EQT Corporation is a natural gas company. The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.
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