Catalyst Funds Management Pty Ltd purchased a new stake in EQT Co. (NYSE:EQT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 17,000 shares of the oil and gas producer's stock, valued at approximately $784,000.
Other large investors also recently made changes to their positions in the company. Truvestments Capital LLC acquired a new stake in shares of EQT in the third quarter valued at approximately $30,000. Quarry LP increased its stake in shares of 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 stake in shares of EQT in the third quarter valued at approximately $36,000. Financial Avengers Inc. increased its stake in shares of EQT by 100.8% during the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer's stock valued at $37,000 after acquiring an additional 504 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of EQT by 26.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock valued at $45,000 after acquiring an additional 205 shares during the period. Institutional investors and hedge funds own 90.81% of the company's stock.
Analyst Ratings Changes
EQT has been the topic of a number of research analyst reports. Morgan Stanley raised their price objective on shares of EQT from $45.00 to $56.00 and gave the company an "overweight" rating in a research note on Monday, November 25th. Truist Financial increased their target price on shares of EQT from $41.00 to $56.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Piper Sandler increased their target price 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. Royal Bank of Canada reiterated a "sector perform" rating and issued a $49.00 target price on shares of EQT in a research report on Monday, January 6th. Finally, Citigroup increased their target price on shares of EQT from $51.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, EQT has a consensus rating of "Moderate Buy" and a consensus price target of $54.50.
Read Our Latest Stock Report on EQT
EQT Price Performance
Shares of EQT stock traded up $0.98 during trading on Wednesday, hitting $53.54. 4,574,248 shares of the company's stock traded hands, compared to its average volume of 7,267,225. The company has a market cap of $31.99 billion, a PE ratio of 133.85, a PEG ratio of 0.64 and a beta of 1.12. EQT Co. has a twelve month low of $30.02 and a twelve month high of $56.66. 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 firm's fifty day moving average price is $50.98 and its 200 day moving average price is $43.85.
EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, beating 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 firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. Analysts forecast that EQT Co. will post 3.27 earnings per share for the current year.
EQT Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT's dividend payout ratio is presently 157.50%.
About EQT
(
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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