Geode Capital Management LLC lifted its stake in shares of EQT Co. (NYSE:EQT - Free Report) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,427,307 shares of the oil and gas producer's stock after buying an additional 429,733 shares during the period. Geode Capital Management LLC owned approximately 2.42% of EQT worth $663,552,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in EQT. Quarry LP lifted its position in EQT by 184.7% during the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer's stock worth $33,000 after acquiring an additional 578 shares during the period. EverSource Wealth Advisors LLC lifted 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 worth $45,000 after purchasing an additional 205 shares during the period. Financial Avengers Inc. boosted its position in EQT by 100.8% in 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. Parkside Financial Bank & Trust increased its holdings in 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 buying an additional 193 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new position in EQT during the 4th quarter worth approximately $55,000. 90.81% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the stock. The Goldman Sachs Group reaffirmed a "reduce" rating on shares of EQT in a report on Wednesday, February 12th. Wells Fargo & Company boosted their target price on shares of EQT from $53.00 to $58.00 and gave the company an "overweight" rating in a research report on Wednesday, March 19th. JPMorgan Chase & Co. lifted their price objective on EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. Sanford C. Bernstein upgraded EQT from a "market perform" rating to an "outperform" rating and set a $73.00 target price on the stock in a research note on Wednesday, January 15th. Finally, Piper Sandler raised their target price on EQT from $35.00 to $36.00 and gave the stock a "neutral" rating in a report on Thursday, March 6th. Two 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, EQT currently has an average rating of "Moderate Buy" and a consensus price target of $55.72.
View Our Latest Analysis on EQT
EQT Price Performance
NYSE:EQT traded up $2.58 during trading hours on Wednesday, hitting $50.07. 17,698,643 shares of the stock were exchanged, compared to its average volume of 7,745,426. The firm's fifty day moving average price is $51.06 and its 200 day moving average price is $45.99. EQT Co. has a 52-week low of $30.02 and a 52-week high of $56.66. The company has a market cap of $29.92 billion, a P/E ratio of 125.19, a P/E/G ratio of 0.64 and a beta of 1.35. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37.
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. The firm had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. As a group, equities research analysts anticipate that EQT Co. will post 3.27 EPS for the current fiscal year.
EQT Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT's dividend payout ratio is currently 157.50%.
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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