EQT Co. (NYSE:EQT) Stock Holdings Lifted by Mizuho Securities USA LLC

Mizuho Securities USA LLC increased its position in shares of EQT Co. (NYSE:EQT) by 46.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,552 shares of the oil and gas producer’s stock after acquiring an additional 18,032 shares during the quarter. Mizuho Securities USA LLC’s holdings in EQT were worth $2,608,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atria Investments Inc acquired a new stake in shares of EQT in the third quarter worth $201,000. Thrivent Financial for Lutherans increased its stake in EQT by 71.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 30,540 shares of the oil and gas producer’s stock valued at $1,119,000 after buying an additional 12,723 shares during the period. Pathstone Holdings LLC lifted its position in EQT by 33.9% in the 3rd quarter. Pathstone Holdings LLC now owns 75,051 shares of the oil and gas producer’s stock worth $2,750,000 after buying an additional 19,013 shares in the last quarter. Caprock Group LLC acquired a new stake in shares of EQT during the 3rd quarter valued at $223,000. Finally, Prospera Financial Services Inc grew its holdings in shares of EQT by 19.0% during the 3rd quarter. Prospera Financial Services Inc now owns 10,471 shares of the oil and gas producer’s stock valued at $384,000 after acquiring an additional 1,669 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Stock Up 2.2 %

Shares of EQT stock opened at $54.03 on Tuesday. EQT Co. has a 12 month low of $30.02 and a 12 month high of $56.66. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The firm has a market cap of $32.28 billion, a PE ratio of 135.07, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. The stock has a 50 day moving average of $51.33 and a 200-day moving average of $44.43.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.19. The firm had revenue of $1.82 billion for 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, equities analysts predict that EQT Co. will post 3.27 EPS for the current year.

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.1575 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 annualized dividend and a yield of 1.17%. EQT’s dividend payout ratio is currently 157.50%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on EQT from $58.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, March 13th. StockNews.com upgraded EQT from a “sell” rating to a “hold” rating in a report on Tuesday. Scotiabank lowered shares of EQT from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from $55.00 to $54.00 in a research report on Friday, January 17th. Morgan Stanley lifted their target price on shares of EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Finally, Wells Fargo & Company increased their price target on shares of EQT from $53.00 to $58.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $54.50.

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.