Assetmark Inc. Has $1.90 Million Holdings in EQT Co. (NYSE:EQT)

Assetmark Inc. grew its stake in EQT Co. (NYSE:EQT - Free Report) by 47.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,111 shares of the oil and gas producer's stock after acquiring an additional 13,212 shares during the quarter. Assetmark Inc.'s holdings in EQT were worth $1,896,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Truvestments Capital LLC acquired a new stake in EQT in the 3rd quarter worth about $30,000. Quarry LP raised its position in EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer's stock valued at $33,000 after purchasing an additional 578 shares during the period. Brown Brothers Harriman & Co. acquired a new position in EQT during the 3rd quarter worth approximately $36,000. Financial Avengers Inc. raised its stake in EQT by 100.8% during the third 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 period. Finally, Parkside Financial Bank & Trust boosted its position in 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 valued at $48,000 after purchasing an additional 193 shares during the period. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

EQT Stock Up 3.4 %

NYSE:EQT traded up $1.63 during trading hours on Tuesday, reaching $49.12. The company's stock had a trading volume of 8,335,161 shares, compared to its average volume of 8,849,758. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The company has a market cap of $29.35 billion, a price-to-earnings ratio of 122.80, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. EQT Co. has a one year low of $30.02 and a one year high of $56.66. The business's 50-day moving average is $50.59 and its 200-day moving average is $43.13.

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EQT (NYSE:EQT - Get Free Report) last released its quarterly 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 company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. Equities research analysts predict that EQT Co. will post 3.27 EPS for the current year.

EQT Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Tuesday, February 18th. EQT's dividend payout ratio is 157.50%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EQT shares. Sanford C. Bernstein raised shares of EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price target for the company in a research note on Wednesday, January 15th. Mizuho raised EQT from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $48.00 to $57.00 in a research note on Monday, December 16th. Piper Sandler lifted their price objective on shares of EQT from $35.00 to $36.00 and gave the stock a "neutral" rating in a research report on Thursday, March 6th. Truist Financial increased their price objective on EQT from $41.00 to $56.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. Finally, Scotiabank lowered EQT from a "sector outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $55.00 to $54.00 in a research report on Friday, January 17th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, EQT has an average 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.