Russell Investments Group Ltd. raised its holdings in shares of EQT Co. (NYSE:EQT - Free Report) by 246.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 425,368 shares of the oil and gas producer's stock after purchasing an additional 302,467 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.07% of EQT worth $19,614,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust grew its position in 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 in the last quarter. EverSource Wealth Advisors LLC lifted its position in EQT by 26.6% in the fourth 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 last quarter. Wilmington Savings Fund Society FSB grew its holdings in 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 acquiring an additional 223 shares during the last quarter. Huntington National Bank grew its position in shares of EQT by 7.4% in the 4th quarter. Huntington National Bank now owns 3,265 shares of the oil and gas producer's stock worth $151,000 after buying an additional 224 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of EQT by 15.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer's stock valued at $79,000 after purchasing an additional 236 shares in the last quarter. 90.81% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the company. Citigroup raised their price objective on EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, March 17th. StockNews.com cut EQT from a "hold" rating to a "sell" rating in a research report on Monday, April 7th. Truist Financial boosted their price target on EQT from $41.00 to $56.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. Sanford C. Bernstein upgraded 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. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $67.00 target price (up previously from $63.00) on shares of EQT in a research report on Wednesday, March 26th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, EQT presently has a consensus rating of "Moderate Buy" and an average price target of $55.61.
Check Out Our Latest Research Report on EQT
EQT Stock Up 1.2 %
EQT stock traded up $0.60 during trading on Tuesday, reaching $50.57. 1,641,766 shares of the company's stock were exchanged, compared to its average volume of 7,741,949. The company's 50-day moving average is $50.87 and its two-hundred day moving average is $46.35. EQT Co. has a 52-week low of $30.02 and a 52-week high of $56.66. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. The firm has a market cap of $30.21 billion, a price-to-earnings ratio of 126.35, a PEG ratio of 0.64 and a beta of 1.35.
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 the consensus estimate of $0.50 by $0.19. EQT had a net margin of 4.37% and a return on equity of 4.35%. The business had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.81 billion. On average, analysts predict that EQT Co. will post 3.27 earnings per share for the current year.
EQT Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT's dividend payout ratio (DPR) 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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