Sei Investments Co. Has $33.98 Million Position in EQT Co. (NYSE:EQT)

Sei Investments Co. boosted its position in shares of EQT Co. (NYSE:EQT - Free Report) by 49.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 736,982 shares of the oil and gas producer's stock after acquiring an additional 244,831 shares during the period. Sei Investments Co. owned 0.12% of EQT worth $33,982,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Truvestments Capital LLC acquired a new stake in EQT during the third quarter worth about $30,000. Quarry LP raised its stake in shares of EQT by 184.7% in the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer's stock valued at $33,000 after buying an additional 578 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of EQT during the 3rd quarter worth about $36,000. Financial Avengers Inc. boosted its position in shares of EQT by 100.8% during the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer's stock valued at $37,000 after acquiring an additional 504 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in EQT by 26.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock valued at $45,000 after acquiring an additional 205 shares during the period. Institutional investors and hedge funds own 90.81% of the company's stock.

EQT Trading Down 1.9 %

Shares of EQT traded down $1.03 during trading hours on Thursday, reaching $51.90. The stock had a trading volume of 2,672,628 shares, compared to its average volume of 7,269,394. The firm has a 50-day moving average of $51.41 and a 200 day moving average of $44.64. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The company has a market cap of $31.00 billion, a P/E ratio of 129.74, a P/E/G ratio of 0.64 and a beta of 1.12. EQT Co. has a 52 week low of $30.02 and a 52 week high of $56.66.

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EQT (NYSE:EQT - Get Free Report) last announced its 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 for the quarter, compared to the consensus estimate of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. On average, sell-side analysts expect that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $0.1575 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 annualized dividend and a dividend yield of 1.21%. EQT's dividend payout ratio is currently 157.50%.

Analysts Set New Price Targets

EQT has been the topic of a number of recent research reports. Truist Financial lifted 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. StockNews.com upgraded shares of EQT from a "sell" rating to a "hold" rating in a research report on Tuesday. Stephens upgraded shares of EQT from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $41.00 to $59.00 in a research report on Tuesday, March 18th. Wells Fargo & Company raised their price objective on shares of EQT from $53.00 to $58.00 and gave the stock an "overweight" rating in a report on Wednesday, March 19th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $49.00 price target on shares of EQT in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $54.50.

About EQT

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.