Treasurer of the State of North Carolina Has $11.95 Million Holdings in EQT Co. (NYSE:EQT)

Treasurer of the State of North Carolina increased its position in shares of EQT Co. (NYSE:EQT) by 0.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 259,170 shares of the oil and gas producer’s stock after purchasing an additional 1,630 shares during the period. Treasurer of the State of North Carolina’s holdings in EQT were worth $11,950,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in shares of EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock worth $45,000 after purchasing an additional 205 shares during the last quarter. Parkside Financial Bank & Trust increased its position in EQT by 22.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock worth $48,000 after buying an additional 193 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in EQT in the fourth quarter valued at approximately $55,000. First Horizon Advisors Inc. lifted its position in shares of EQT by 33.1% in the fourth quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer’s stock valued at $55,000 after buying an additional 298 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of EQT by 1,343.8% in the fourth quarter. Larson Financial Group LLC now owns 1,386 shares of the oil and gas producer’s stock valued at $64,000 after buying an additional 1,290 shares during the last quarter. 90.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on EQT shares. Royal Bank of Canada restated a “sector perform” rating and issued a $49.00 price target on shares of EQT in a research note on Monday, January 6th. The Goldman Sachs Group reissued a “reduce” rating on shares of EQT in a research report on Wednesday, February 12th. Mizuho lifted their target price on shares of EQT from $57.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, April 1st. Sanford C. Bernstein raised shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price target on the stock in a report on Wednesday, January 15th. Finally, Jefferies Financial Group raised their price objective on shares of EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, EQT presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.72.

EQT Stock Up 2.4 %

Shares of NYSE EQT opened at $49.66 on Friday. The stock has a market capitalization of $29.67 billion, a P/E ratio of 124.16, a PEG ratio of 0.64 and a beta of 1.35. The stock’s fifty day moving average is $50.93 and its 200 day moving average is $46.18. EQT Co. has a 52 week low of $30.02 and a 52 week high of $56.66. 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 (NYSE:EQT) last released its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 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 net margin of 4.37% and a return on equity of 4.35%. Sell-side analysts forecast that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given 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 1.27%. EQT’s dividend payout ratio is currently 157.50%.

About EQT

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.