EQT Co. (NYSE:EQT) Shares Purchased by Vestcor Inc

Vestcor Inc boosted its stake in EQT Co. (NYSE:EQT - Free Report) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 235,941 shares of the oil and gas producer's stock after buying an additional 6,765 shares during the period. Vestcor Inc's holdings in EQT were worth $10,879,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in EQT. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of EQT during the fourth quarter valued at $6,263,000. Avantax Advisory Services Inc. increased its holdings in shares of EQT by 21.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 9,965 shares of the oil and gas producer's stock valued at $459,000 after purchasing an additional 1,727 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of EQT by 10.2% during the fourth quarter. Farther Finance Advisors LLC now owns 4,447 shares of the oil and gas producer's stock valued at $205,000 after purchasing an additional 410 shares during the period. EverSource Wealth Advisors LLC increased its holdings 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 purchasing an additional 205 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of EQT during the fourth quarter valued at $255,000. 90.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EQT has been the subject of several research reports. StockNews.com raised EQT to a "sell" rating in a research note on Saturday, February 8th. UBS Group raised their target price on EQT from $54.00 to $58.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Scotiabank cut EQT from a "sector outperform" rating to a "sector perform" rating and decreased their target price for the company from $55.00 to $54.00 in a research note on Friday, January 17th. Piper Sandler raised their target price on EQT from $35.00 to $36.00 and gave the company a "neutral" rating in a research note on Thursday, March 6th. Finally, Sanford C. Bernstein raised EQT from a "market perform" rating to an "outperform" rating and set a $73.00 target price for the company in a research note on Wednesday, January 15th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $52.44.

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EQT Trading Down 0.2 %

Shares of NYSE EQT opened at $49.03 on Thursday. EQT Co. has a one year low of $30.02 and a one year high of $56.66. The firm has a market capitalization of $29.29 billion, a PE ratio of 122.57, a PEG ratio of 0.64 and a beta of 1.12. 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 price of $50.71 and a two-hundred day moving average price of $43.28.

EQT (NYSE:EQT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $1.81 billion. As a group, analysts predict that EQT Co. will post 3.27 earnings per share for the current fiscal 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 dividend of $0.1575 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 annualized dividend and a dividend yield of 1.29%. EQT's dividend payout ratio is 157.50%.

EQT 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.

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