Greenleaf Trust Raises Stake in EQT Corporation (NYSE:EQT)

Greenleaf Trust raised its stake in EQT Corporation (NYSE:EQT) by 2.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,954 shares of the oil and gas producer’s stock after buying an additional 477 shares during the quarter. Greenleaf Trust’s holdings in EQT were worth $1,066,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in EQT by 26.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock valued at $45,000 after purchasing an additional 205 shares in the last quarter. Generali Investments Management Co LLC raised its position in EQT by 14.1% in the 1st quarter. Generali Investments Management Co LLC now owns 1,711 shares of the oil and gas producer’s stock valued at $91,000 after purchasing an additional 211 shares in the last quarter. Bartlett & CO. Wealth Management LLC raised its position in EQT by 3.9% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 5,783 shares of the oil and gas producer’s stock valued at $309,000 after purchasing an additional 219 shares in the last quarter. Huntington National Bank raised its position in EQT by 7.4% in the 4th quarter. Huntington National Bank now owns 3,265 shares of the oil and gas producer’s stock valued at $151,000 after purchasing an additional 224 shares in the last quarter. Finally, Blue Trust Inc. raised its position in EQT by 16.1% in the 1st quarter. Blue Trust Inc. now owns 1,806 shares of the oil and gas producer’s stock valued at $96,000 after purchasing an additional 250 shares in the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EQT has been the topic of a number of analyst reports. UBS Group raised EQT from a “neutral” rating to a “buy” rating and increased their price target for the company from $54.00 to $64.00 in a research report on Monday, May 5th. Barclays initiated coverage on EQT in a research report on Monday. They issued an “overweight” rating and a $65.00 price target on the stock. Roth Capital initiated coverage on EQT in a research report on Tuesday, June 24th. They issued a “buy” rating and a $69.00 price target on the stock. Citigroup increased their price target on EQT from $51.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, March 17th. Finally, Mizuho raised EQT to an “outperform” rating and set a $66.00 target price on the stock in a research report on Tuesday. Two analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $59.95.

EQT Trading Down 0.7%

EQT opened at $54.51 on Friday. The firm has a market cap of $32.64 billion, a price-to-earnings ratio of 95.63, a price-to-earnings-growth ratio of 0.35 and a beta of 0.65. EQT Corporation has a 52 week low of $30.02 and a 52 week high of $61.02. The business’s 50 day moving average is $56.07 and its two-hundred day moving average is $52.32. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.33.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, topping the consensus estimate of $0.98 by $0.20. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. EQT had a return on equity of 5.52% and a net margin of 6.59%. On average, research analysts predict that EQT Corporation will post 3.27 EPS for the current year.

EQT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th were given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Wednesday, May 7th. EQT’s dividend payout ratio (DPR) is 110.53%.

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.