6,619 Shares in EQT Co. (NYSE:EQT) Purchased by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC acquired a new position in EQT Co. (NYSE:EQT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,619 shares of the oil and gas producer's stock, valued at approximately $305,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in shares of EQT by 38.7% during the 3rd quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer's stock worth $2,716,968,000 after acquiring an additional 20,700,921 shares during the last quarter. State Street Corp lifted its stake in EQT by 24.5% during the third quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer's stock worth $1,359,183,000 after purchasing an additional 7,290,822 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of EQT by 34.4% in the 3rd quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer's stock worth $511,159,000 after purchasing an additional 3,582,418 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of EQT by 386.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,347,660 shares of the oil and gas producer's stock valued at $205,830,000 after buying an additional 3,454,741 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in EQT during the fourth quarter valued at approximately $113,924,000. 90.81% of the stock is currently owned by institutional investors.

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EQT Stock Performance

EQT stock traded up $1.18 during mid-day trading on Tuesday, reaching $48.49. 5,728,663 shares of the stock traded hands, compared to its average volume of 8,516,913. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The stock has a market capitalization of $28.97 billion, a PE ratio of 121.12, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. The business's 50-day moving average is $51.22 and its 200-day moving average is $45.77. EQT Co. has a 12-month low of $30.02 and a 12-month high of $56.66.

EQT (NYSE:EQT - Get Free Report) last released its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $1.81 billion. As a group, sell-side analysts predict that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued 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 1.30%. EQT's dividend payout ratio is currently 157.50%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. StockNews.com cut EQT from a "hold" rating to a "sell" rating in a research note on Monday. Wells Fargo & Company boosted their price objective 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. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $49.00 target price on shares of EQT in a research note on Monday, January 6th. Citigroup upped their target price on EQT from $51.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, March 17th. Finally, Sanford C. Bernstein raised EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price target on the stock in a research note on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $55.72.

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.