AMF Tjanstepension AB Purchases Shares of 229,437 EQT Co. (NYSE:EQT)

AMF Tjanstepension AB acquired a new stake in shares of EQT Co. (NYSE:EQT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 229,437 shares of the oil and gas producer's stock, valued at approximately $10,585,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Truvestments Capital LLC purchased a new stake in EQT in the 3rd quarter worth about $30,000. Quarry LP grew its stake in shares of EQT by 184.7% during the third quarter. Quarry LP now owns 891 shares of the oil and gas producer's stock valued at $33,000 after buying an additional 578 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of EQT in the third quarter worth approximately $36,000. Financial Avengers Inc. lifted its stake in shares of EQT by 100.8% during the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer's stock worth $37,000 after acquiring an additional 504 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in shares of EQT by 22.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock worth $48,000 after acquiring an additional 193 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company's stock.

EQT Stock Down 0.2 %

EQT traded down $0.09 on Wednesday, hitting $49.03. The company had a trading volume of 4,516,881 shares, compared to its average volume of 8,757,542. The stock has a market capitalization of $29.29 billion, a price-to-earnings ratio of 122.57, a P/E/G ratio of 0.64 and a beta of 1.12. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. The stock has a fifty day moving average price of $50.65 and a 200-day moving average price of $43.24. EQT Co. has a 12-month low of $30.02 and a 12-month high of $56.66.

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EQT (NYSE:EQT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.19. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. Analysts predict that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.29%. The ex-dividend date was Tuesday, February 18th. EQT's dividend payout ratio is currently 157.50%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Truist Financial increased their target price on EQT from $41.00 to $56.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. Jefferies Financial Group raised their price target on shares of EQT from $45.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Mizuho raised shares of EQT from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $48.00 to $57.00 in a research report on Monday, December 16th. Piper Sandler upped their target price on shares of EQT from $35.00 to $36.00 and gave the stock a "neutral" rating in a research note on Thursday, March 6th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $49.00 price target on shares of EQT in a research note on Monday, January 6th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $52.44.

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.