Intech Investment Management LLC increased its holdings in shares of EQT Co. (NYSE:EQT - Free Report) by 46.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,540 shares of the oil and gas producer's stock after acquiring an additional 5,843 shares during the quarter. Intech Investment Management LLC's holdings in EQT were worth $855,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Horizon Investments LLC increased its holdings in shares of EQT by 17.3% during the fourth quarter. Horizon Investments LLC now owns 27,472 shares of the oil and gas producer's stock worth $1,267,000 after purchasing an additional 4,060 shares during the period. Thrivent Financial for Lutherans raised its holdings in EQT by 50.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 45,867 shares of the oil and gas producer's stock valued at $2,096,000 after acquiring an additional 15,327 shares in the last quarter. Axxcess Wealth Management LLC bought a new stake in shares of EQT during the 4th quarter valued at $287,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of EQT during the 4th quarter worth $298,000. Finally, Signaturefd LLC increased its position in shares of EQT by 21.3% in the fourth quarter. Signaturefd LLC now owns 10,934 shares of the oil and gas producer's stock worth $504,000 after purchasing an additional 1,922 shares during the period. Institutional investors and hedge funds own 90.81% of the company's stock.
EQT Trading Up 0.8 %
EQT stock traded up $0.43 during trading on Tuesday, hitting $54.43. The company had a trading volume of 1,837,115 shares, compared to its average volume of 7,294,719. EQT Co. has a one year low of $30.02 and a one year high of $56.66. 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 of $51.33 and a 200-day moving average of $44.43. The stock has a market cap of $32.52 billion, a PE ratio of 136.02, a PEG ratio of 0.64 and a beta of 1.12.
EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, beating 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 the consensus estimate of $1.81 billion. Research analysts predict that EQT Co. will post 3.27 earnings per share for the current fiscal year.
EQT Dividend Announcement
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 yield of 1.16%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT's payout ratio is 157.50%.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. Piper Sandler increased their price objective on shares of EQT from $35.00 to $36.00 and gave the stock a "neutral" rating in a research note on Thursday, March 6th. Scotiabank downgraded shares of EQT from a "sector outperform" rating to a "sector perform" rating and cut their price target for the stock from $55.00 to $54.00 in a report on Friday, January 17th. Citigroup lifted their price objective on shares of EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, March 17th. The Goldman Sachs Group restated a "reduce" rating on shares of EQT in a research note on Wednesday, February 12th. Finally, Jefferies Financial Group lifted their price target on EQT from $45.00 to $55.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, EQT presently has an average rating of "Moderate Buy" and an average price target of $54.50.
Read 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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