5,540 Shares in EQT Co. (NYSE:EQT) Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC bought a new position in EQT Co. (NYSE:EQT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,540 shares of the oil and gas producer's stock, valued at approximately $255,000.

Several other large investors have also bought and sold shares of the company. Parkside Financial Bank & Trust raised its holdings in EQT by 22.7% in the fourth 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 last quarter. Wilmington Savings Fund Society FSB raised its holdings in EQT by 4.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer's stock worth $218,000 after buying an additional 223 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in EQT by 15.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer's stock worth $79,000 after buying an additional 236 shares during the last quarter. Radnor Capital Management LLC raised its holdings in EQT by 0.4% in the fourth quarter. Radnor Capital Management LLC now owns 60,948 shares of the oil and gas producer's stock worth $2,810,000 after buying an additional 237 shares during the last quarter. Finally, Waldron Private Wealth LLC raised its holdings in EQT by 0.7% in the fourth quarter. Waldron Private Wealth LLC now owns 37,323 shares of the oil and gas producer's stock worth $1,721,000 after buying an additional 251 shares during the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Piper Sandler lifted their target price on shares of EQT from $35.00 to $36.00 and gave the stock a "neutral" rating in a report on Thursday, March 6th. 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 report on Wednesday. UBS Group boosted their price objective on shares of EQT from $54.00 to $58.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Morgan Stanley boosted their price objective on shares of EQT from $45.00 to $56.00 and gave the company an "overweight" rating in a report on Monday, November 25th. Finally, Mizuho raised shares of EQT from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $48.00 to $57.00 in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, EQT currently has a consensus rating of "Moderate Buy" and an average target price of $54.50.

EQT Stock Performance

EQT stock traded down $0.84 during midday trading on Friday, reaching $52.89. 12,816,051 shares of the company's stock traded hands, compared to its average volume of 7,303,400. The stock has a market cap of $31.60 billion, a P/E ratio of 132.23, a PEG 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. The stock's 50-day moving average is $51.25 and its 200 day moving average is $44.20. 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 posted its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.19. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. As a group, analysts anticipate that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders 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 dividend yield of 1.19%. EQT's payout ratio is currently 157.50%.

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.