Greenland Capital Management LP Takes $738,000 Position in EQT Co. (NYSE:EQT)

Greenland Capital Management LP bought a new position in EQT Co. (NYSE:EQT - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 16,000 shares of the oil and gas producer's stock, valued at approximately $738,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Sanctuary Advisors LLC boosted its position in EQT by 104.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 63,507 shares of the oil and gas producer's stock worth $2,327,000 after purchasing an additional 32,484 shares in the last quarter. Retirement Systems of Alabama boosted its stake in shares of EQT by 36.7% in the third quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer's stock worth $4,878,000 after acquiring an additional 35,733 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of EQT by 44.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,555 shares of the oil and gas producer's stock valued at $2,379,000 after buying an additional 16,416 shares during the last quarter. D.A. Davidson & CO. lifted its stake in EQT by 13.4% in the 4th quarter. D.A. Davidson & CO. now owns 6,467 shares of the oil and gas producer's stock worth $298,000 after purchasing an additional 762 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in EQT by 15.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 41,508 shares of the oil and gas producer's stock worth $1,914,000 after buying an additional 5,489 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Piper Sandler boosted their target price on shares of EQT from $35.00 to $36.00 and gave the company a "neutral" rating in a report on Thursday, March 6th. StockNews.com cut shares of EQT from a "hold" rating to a "sell" rating in a report on Monday, April 7th. Jefferies Financial Group raised their price target on shares of EQT from $45.00 to $55.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Stephens upgraded EQT from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $41.00 to $59.00 in a research note on Tuesday, March 18th. Finally, Citigroup upped their price target on EQT from $51.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $55.72.

EQT Stock Performance

Shares of EQT stock traded up $0.16 on Monday, hitting $49.81. The stock had a trading volume of 948,650 shares, compared to its average volume of 8,736,742. 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 stock has a market cap of $29.76 billion, a price-to-earnings ratio of 124.53, a P/E/G ratio of 0.64 and a beta of 1.35. The company's 50 day moving average price is $50.93 and its 200 day moving average price is $46.26. EQT Co. has a 52-week low of $30.02 and a 52-week high of $56.66.

EQT (NYSE:EQT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.19. The firm had revenue of $1.82 billion for 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%. On average, research analysts anticipate that EQT Co. will post 3.27 EPS for the current year.

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a $0.1575 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a yield of 1.26%. 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.