Andrew Hill Investment Advisors Inc. Purchases New Position in EQT Co. (NYSE:EQT)

Andrew Hill Investment Advisors Inc. purchased a new stake in EQT Co. (NYSE:EQT - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 105,372 shares of the oil and gas producer's stock, valued at approximately $4,859,000. EQT accounts for 3.6% of Andrew Hill Investment Advisors Inc.'s holdings, making the stock its 12th largest position.

Other large investors have also recently bought and sold shares of the company. Quarry LP raised its holdings in EQT by 184.7% during the third quarter. Quarry LP now owns 891 shares of the oil and gas producer's stock worth $33,000 after purchasing an additional 578 shares in the last quarter. Financial Avengers Inc. boosted its position in shares of EQT by 100.8% in the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer's stock worth $37,000 after buying an additional 504 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of EQT by 26.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock valued at $45,000 after purchasing an additional 205 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of EQT by 22.7% in the fourth 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. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of EQT during the 4th quarter valued at about $55,000. Institutional investors own 90.81% of the company's stock.

EQT Price Performance

EQT stock traded up $0.81 during midday trading on Tuesday, reaching $50.78. The company's stock had a trading volume of 2,553,177 shares, compared to its average volume of 8,696,277. The stock has a market cap of $30.34 billion, a PE ratio of 126.95, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average price of $50.87 and a 200-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.

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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 analysts' consensus estimates of $0.50 by $0.19. EQT had a net margin of 4.37% and a return on equity of 4.35%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. On average, sell-side analysts predict that EQT Co. will post 3.27 EPS for the current year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $0.1575 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a yield of 1.24%. EQT's payout ratio is currently 157.50%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Truist Financial raised their target price on shares of EQT from $41.00 to $56.00 and gave the company a "hold" rating in a research note on Monday, January 13th. The Goldman Sachs Group restated a "reduce" rating on shares of EQT in a research report on Wednesday, February 12th. Morgan Stanley reissued an "overweight" rating and set a $67.00 price target (up from $63.00) on shares of EQT in a research note on Wednesday, March 26th. JPMorgan Chase & Co. increased their price target on shares of EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. Finally, Piper Sandler raised their price target on EQT from $35.00 to $36.00 and gave the stock a "neutral" rating in a research report on Thursday, March 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $55.61.

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.