Aigen Investment Management LP Buys 27,287 Shares of EQT Co. (NYSE:EQT)

Aigen Investment Management LP lifted its position in EQT Co. (NYSE:EQT - Free Report) by 320.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,808 shares of the oil and gas producer's stock after purchasing an additional 27,287 shares during the quarter. Aigen Investment Management LP's holdings in EQT were worth $1,651,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Parkside Financial Bank & Trust boosted its holdings in shares of EQT by 22.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock worth $48,000 after purchasing an additional 193 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of EQT by 4.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer's stock worth $218,000 after purchasing an additional 223 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of EQT by 15.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer's stock worth $79,000 after purchasing an additional 236 shares in the last quarter. Radnor Capital Management LLC boosted its holdings in shares of EQT by 0.4% in the 4th quarter. Radnor Capital Management LLC now owns 60,948 shares of the oil and gas producer's stock worth $2,810,000 after purchasing an additional 237 shares in the last quarter. Finally, Waldron Private Wealth LLC boosted its holdings in shares of EQT by 0.7% in the 4th quarter. Waldron Private Wealth LLC now owns 37,323 shares of the oil and gas producer's stock worth $1,721,000 after purchasing an additional 251 shares in the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

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EQT Stock Up 1.7 %

Shares of NYSE:EQT traded up $0.80 during trading on Friday, hitting $46.96. The stock had a trading volume of 9,479,347 shares, compared to its average volume of 8,826,783. EQT Co. has a 12 month low of $30.02 and a 12 month high of $56.66. The company has a market capitalization of $28.06 billion, a PE ratio of 117.40, a PEG ratio of 0.64 and a beta of 1.12. The firm's fifty day moving average is $50.58 and its 200 day moving average is $42.89. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37.

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

EQT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Tuesday, February 18th. EQT's dividend payout ratio is currently 157.50%.

Analysts Set New Price Targets

EQT has been the subject of several analyst reports. StockNews.com upgraded EQT to a "sell" rating in a report on Saturday, February 8th. UBS Group increased their target price on EQT from $54.00 to $58.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Royal Bank of Canada restated a "sector perform" rating and set a $49.00 target price on shares of EQT in a report on Monday, January 6th. Scotiabank cut EQT from a "sector outperform" rating to a "sector perform" rating and dropped their target price for the company from $55.00 to $54.00 in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. increased their target price on EQT from $53.00 to $58.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, EQT presently has a consensus rating of "Hold" and an average target price of $52.44.

EQT Company 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.