Teacher Retirement System of Texas acquired a new position in shares of EQT Co. (NYSE:EQT) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 68,890 shares of the oil and gas producer’s stock, valued at approximately $3,921,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Calton & Associates Inc. bought a new stake in shares of EQT during the 4th quarter worth $104,000. Zeke Capital Advisors LLC bought a new stake in shares of EQT during the 3rd quarter worth $212,000. FNY Partners Fund LP bought a new stake in shares of EQT during the 4th quarter worth $220,000. Quantitative Systematic Strategies LLC bought a new stake in shares of EQT during the 4th quarter worth $263,000. Finally, Cypress Wealth Services LLC bought a new stake in shares of EQT during the 4th quarter worth $307,000.
Several equities research analysts have recently weighed in on the company. BMO Capital Markets reissued a “buy” rating and set a $75.00 price objective on shares of EQT in a research note on Tuesday, November 14th. SunTrust Banks reissued a “hold” rating and set a $67.00 price objective on shares of EQT in a research note on Friday, October 27th. Zacks Investment Research lowered EQT from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Morgan Stanley reduced their price objective on EQT from $63.00 to $59.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Finally, Jefferies Group set a $65.00 price objective on EQT and gave the stock a “hold” rating in a research note on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $76.77.
EQT (NYSE:EQT) last issued its earnings results on Thursday, February 15th. The oil and gas producer reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.54. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $909.42 million. EQT had a return on equity of 2.92% and a net margin of 44.66%. EQT’s revenue was up 197.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.25 earnings per share. research analysts expect that EQT Co. will post 1.67 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 14th will be given a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $0.12 annualized dividend and a dividend yield of 0.23%. EQT’s dividend payout ratio (DPR) is presently 1.68%.
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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