CenterBook Partners LP bought a new position in shares of EQT Co. (NYSE:EQT - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 47,652 shares of the oil and gas producer's stock, valued at approximately $2,197,000.
A number of other institutional investors have also added to or reduced their stakes in the business. DRW Securities LLC boosted its stake in shares of EQT by 26.1% during the fourth quarter. DRW Securities LLC now owns 50,683 shares of the oil and gas producer's stock valued at $2,337,000 after purchasing an additional 10,500 shares in the last quarter. APG Asset Management N.V. increased its holdings in shares of EQT by 11.6% in the 4th quarter. APG Asset Management N.V. now owns 73,836 shares of the oil and gas producer's stock valued at $3,288,000 after acquiring an additional 7,672 shares during the period. Advisory Services Network LLC raised its position in shares of EQT by 53.5% in the 4th quarter. Advisory Services Network LLC now owns 13,160 shares of the oil and gas producer's stock worth $607,000 after acquiring an additional 4,589 shares in the last quarter. Greenland Capital Management LP purchased a new stake in shares of EQT during the 4th quarter worth $738,000. Finally, Bank of Nova Scotia boosted its position in EQT by 37.0% during the fourth quarter. Bank of Nova Scotia now owns 85,379 shares of the oil and gas producer's stock valued at $3,937,000 after purchasing an additional 23,047 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company's stock.
EQT Stock Performance
Shares of NYSE:EQT traded up $0.69 during trading on Tuesday, hitting $50.66. 2,017,272 shares of the stock traded hands, compared to its average volume of 7,743,849. The company has a market cap of $30.27 billion, a price-to-earnings ratio of 126.65, a P/E/G ratio of 0.64 and a beta of 1.35. 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 company has a fifty day moving average price of $50.87 and a two-hundred day moving average price of $46.35. EQT Co. has a 52-week low of $30.02 and a 52-week high of $56.66.
EQT (NYSE:EQT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.50 by $0.19. The company had revenue of $1.82 billion during 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%. As a group, equities analysts predict that EQT Co. will post 3.27 EPS for the current year.
EQT Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.1575 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.24%. EQT's payout ratio is currently 157.50%.
Wall Street Analyst Weigh In
A number of brokerages have commented on EQT. Truist Financial boosted their target price on shares of EQT from $41.00 to $56.00 and gave the stock a "hold" rating in a report on Monday, January 13th. UBS Group reduced their price objective on shares of EQT from $58.00 to $55.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Stephens reduced their price target on EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a research report on Tuesday. Sanford C. Bernstein raised EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price objective for the company in a research report on Wednesday, January 15th. Finally, TD Cowen raised EQT from a "hold" rating to a "buy" rating and set a $54.00 target price on the stock in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, EQT presently has an average rating of "Moderate Buy" and an average target price of $55.61.
Check Out Our Latest Stock Report on EQT
EQT Profile
(
Free Report)
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.
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