Proficio Capital Partners LLC acquired a new position in shares of EQT Co. (NYSE:EQT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 111,012 shares of the oil and gas producer's stock, valued at approximately $5,119,000.
Other large investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC grew its holdings in EQT by 104.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 63,507 shares of the oil and gas producer's stock worth $2,327,000 after acquiring an additional 32,484 shares in the last quarter. Retirement Systems of Alabama grew its stake in shares of EQT by 36.7% during 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 purchasing an additional 35,733 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in 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. FMR LLC increased its holdings in EQT by 2.5% in the third quarter. FMR LLC now owns 1,133,197 shares of the oil and gas producer's stock valued at $41,520,000 after buying an additional 28,129 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in EQT by 15.2% during the 4th 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. 90.81% of the stock is currently owned by hedge funds and other institutional investors.
EQT Price Performance
EQT stock traded up $0.80 on Friday, reaching $46.96. The company had a trading volume of 9,449,917 shares, compared to its average volume of 8,825,852. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. The company's fifty day moving average is $50.52 and its 200 day moving average is $42.80. The company has a market cap of $28.06 billion, a P/E ratio of 117.40, a PEG ratio of 0.64 and a beta of 1.08. EQT Co. has a 1 year low of $30.02 and a 1 year high of $56.66.
EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, beating 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 business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. On average, research analysts forecast that EQT Co. will post 3.27 earnings per share 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 paid a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Tuesday, February 18th. EQT's payout ratio is 157.50%.
Analyst Ratings Changes
A number of research analysts have recently commented on EQT shares. Truist Financial increased their price objective on EQT from $41.00 to $56.00 and gave the company a "hold" rating in a report on Monday, January 13th. Mizuho upgraded shares of EQT from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $48.00 to $57.00 in a research note on Monday, December 16th. Jefferies Financial Group upped their target price on shares of EQT from $45.00 to $55.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Morgan Stanley increased their target price on shares of EQT from $45.00 to $56.00 and gave the stock an "overweight" rating in a research note on Monday, November 25th. Finally, Sanford C. Bernstein upgraded EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price target on the stock in a research report on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $52.44.
View Our Latest Report on EQT
EQT Company 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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