EQT Co. (NYSE:EQT) Shares Bought by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury increased its position in shares of EQT Co. (NYSE:EQT - Free Report) by 62.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 130,633 shares of the oil and gas producer's stock after purchasing an additional 50,053 shares during the period. State of Tennessee Department of Treasury's holdings in EQT were worth $6,023,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Bard Financial Services Inc. bought a new position in shares of EQT during the third quarter valued at approximately $878,000. Wilmington Savings Fund Society FSB bought a new position in EQT in the 3rd quarter valued at $165,000. Blankinship & Foster LLC purchased a new stake in EQT in the third quarter worth $4,051,000. Tidal Investments LLC lifted its position in shares of EQT by 55.8% during the third quarter. Tidal Investments LLC now owns 60,816 shares of the oil and gas producer's stock worth $2,228,000 after purchasing an additional 21,789 shares during the last quarter. Finally, Synovus Financial Corp purchased a new stake in shares of EQT during the third quarter valued at $1,069,000. 90.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on EQT. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $49.00 price target on shares of EQT in a research note on Monday, January 6th. Morgan Stanley raised their target price on shares of EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a research report on Thursday. UBS Group lowered their price target on EQT from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Citigroup lifted their target price on EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, March 17th. Finally, JPMorgan Chase & Co. increased their price target on EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $55.39.

EQT Stock Performance

Shares of EQT stock traded up $0.90 during mid-day trading on Monday, reaching $51.14. The stock had a trading volume of 9,330,430 shares, compared to its average volume of 7,808,215. EQT Co. has a 1-year low of $30.02 and a 1-year high of $56.66. The firm has a market cap of $30.61 billion, a price-to-earnings ratio of 127.85, a PEG ratio of 0.64 and a beta of 1.35. 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 business's fifty day moving average is $50.31 and its 200-day moving average is $47.16.

EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.20. The company had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.16 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. On average, research analysts forecast that EQT Co. will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th will be issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.23%. The ex-dividend date is Wednesday, May 7th. EQT's payout ratio is 110.53%.

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.