Toronto Dominion Bank Acquires Shares of 4,193 EQT Co. (NYSE:EQT)

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Toronto Dominion Bank acquired a new stake in shares of EQT Co. (NYSE:EQT) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 4,193 shares of the oil and gas producer’s stock, valued at approximately $231,000.

Other institutional investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC bought a new stake in EQT during the 2nd quarter valued at approximately $25,000. Machina Capital S.A.S. bought a new stake in EQT during the 2nd quarter valued at approximately $45,000. Hilton Capital Management LLC bought a new stake in EQT during the 1st quarter valued at approximately $65,000. Hunter Associates Investment Management LLC bought a new stake in shares of EQT in the 1st quarter worth approximately $200,000. Finally, NuWave Investment Management LLC boosted its position in shares of EQT by 30,197.6% in the 2nd quarter. NuWave Investment Management LLC now owns 12,725 shares of the oil and gas producer’s stock worth $201,000 after purchasing an additional 12,683 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently commented on EQT. Morgan Stanley dropped their price target on EQT from $5.00 to $4.50 and set an “underweight” rating on the stock in a research report on Friday, July 26th. TD Securities dropped their price target on EQT from $17.50 to $16.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. Finally, Macquarie began coverage on EQT in a research report on Wednesday, May 29th. They issued a “neutral” rating and a $21.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $31.03.

Shares of EQT traded down $0.56 during mid-day trading on Thursday, reaching $11.69. The company had a trading volume of 80,906 shares, compared to its average volume of 6,292,631. EQT Co. has a 52 week low of $9.71 and a 52 week high of $26.77. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 6.89, a price-to-earnings-growth ratio of 1.56 and a beta of 0.64. The firm has a 50-day moving average price of $11.79 and a 200 day moving average price of $16.85. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.04.

EQT (NYSE:EQT) last announced its quarterly earnings data on Thursday, July 25th. The oil and gas producer reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.13. EQT had a negative net margin of 7.41% and a positive return on equity of 4.25%. The company had revenue of $958.40 million during the quarter, compared to analyst estimates of $929.86 million. During the same period in the previous year, the business earned $0.44 EPS. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. As a group, research analysts forecast that EQT Co. will post 0.78 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Friday, August 9th were issued a $0.03 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $0.12 dividend on an annualized basis and a yield of 1.03%. EQT’s payout ratio is currently 7.06%.

EQT Company Profile

EQT Corporation operates as a natural gas production company in the United States. It produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2018, this segment had 21.8 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 1.4 million gross acres.

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Institutional Ownership by Quarter for EQT (NYSE:EQT)

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