NEOS Investment Management LLC Raises Stock Holdings in EQT Co. (NYSE:EQT)

NEOS Investment Management LLC raised its holdings in shares of EQT Co. (NYSE:EQT - Free Report) by 30.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,398 shares of the oil and gas producer's stock after purchasing an additional 4,973 shares during the quarter. NEOS Investment Management LLC's holdings in EQT were worth $987,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of EQT. Quarry LP grew its holdings in shares of EQT by 184.7% during the third quarter. Quarry LP now owns 891 shares of the oil and gas producer's stock valued at $33,000 after buying an additional 578 shares during the last quarter. Financial Avengers Inc. boosted its position 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 buying an additional 504 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock worth $45,000 after acquiring an additional 205 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of EQT by 22.7% in the 4th 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. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of EQT in the fourth quarter valued at about $55,000. Institutional investors own 90.81% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. StockNews.com upgraded shares of EQT from a "sell" rating to a "hold" rating in a research note on Tuesday, March 25th. The Goldman Sachs Group reiterated a "reduce" rating on shares of EQT in a report on Wednesday, February 12th. Sanford C. Bernstein upgraded EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price objective for the company in a research note on Wednesday, January 15th. Stephens upgraded EQT from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $41.00 to $59.00 in a research note on Tuesday, March 18th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $55.28.

EQT Price Performance

NYSE EQT traded up $0.69 during trading hours on Wednesday, hitting $54.57. The company had a trading volume of 5,603,754 shares, compared to its average volume of 7,507,243. The firm has a 50 day simple moving average of $51.40 and a 200 day simple moving average of $45.31. EQT Co. has a 52 week low of $30.02 and a 52 week high of $56.66. The firm has a market capitalization of $32.60 billion, a price-to-earnings ratio of 136.43, a PEG ratio of 0.64 and a beta of 1.12. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70.

EQT (NYSE:EQT - Get Free Report) last issued 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 net margin of 4.37% and a return on equity of 4.35%. The company had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.81 billion. Equities research analysts expect that EQT Co. will post 3.27 earnings per share 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 issued a $0.1575 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 annualized dividend and a dividend yield of 1.15%. EQT's payout ratio is currently 157.50%.

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.