577,656 Shares in EQT Co. (NYSE:EQT) Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new position in EQT Co. (NYSE:EQT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 577,656 shares of the oil and gas producer's stock, valued at approximately $26,636,000. Susquehanna Fundamental Investments LLC owned 0.10% of EQT at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in shares of EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock worth $45,000 after purchasing an additional 205 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of EQT by 22.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock worth $48,000 after purchasing an additional 193 shares during the period. Stonebridge Financial Group LLC bought a new position in shares of EQT during the 4th quarter worth about $55,000. First Horizon Advisors Inc. increased its holdings in shares of EQT by 33.1% during the 4th quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer's stock worth $55,000 after purchasing an additional 298 shares during the period. Finally, Larson Financial Group LLC increased its holdings in shares of EQT by 1,343.8% during the 4th quarter. Larson Financial Group LLC now owns 1,386 shares of the oil and gas producer's stock worth $64,000 after purchasing an additional 1,290 shares during the period. Institutional investors own 90.81% of the company's stock.

Wall Street Analysts Forecast Growth

EQT has been the topic of several research reports. Sanford C. Bernstein upgraded shares of EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price objective on the stock in a report on Wednesday, January 15th. StockNews.com downgraded shares of EQT from a "hold" rating to a "sell" rating in a report on Monday, April 7th. Jefferies Financial Group boosted their price objective on shares of EQT from $45.00 to $55.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Truist Financial increased their price target on shares of EQT from $41.00 to $56.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Finally, Citigroup lifted their price objective on EQT from $51.00 to $60.00 and gave the company a "buy" rating in a report on Monday, March 17th. Two 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $55.39.

EQT Trading Up 0.1 %

Shares of EQT stock traded up $0.07 on Tuesday, reaching $51.19. 6,302,188 shares of the stock were exchanged, compared to its average volume of 7,810,022. The stock has a market cap of $30.64 billion, a PE ratio of 127.98, a P/E/G ratio of 0.64 and a beta of 1.35. EQT Co. has a one year low of $30.02 and a one year high of $56.66. 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 50 day moving average price of $50.24 and a 200 day moving average price of $47.26.

EQT (NYSE:EQT - Get Free Report) last released its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share 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 the consensus estimate of $2.16 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. Equities research analysts forecast that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th will be given a dividend of $0.1575 per share. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.23%. EQT's payout ratio is currently 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.