Syon Capital LLC Makes New Investment in EQT Co. (NYSE:EQT)

Syon Capital LLC purchased a new position in shares of EQT Co. (NYSE:EQT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,936 shares of the oil and gas producer's stock, valued at approximately $412,000.

Several other hedge funds have also recently modified their holdings of EQT. EverSource Wealth Advisors LLC grew its position 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 worth $45,000 after acquiring an additional 205 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of EQT by 22.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock valued at $48,000 after purchasing an additional 193 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of EQT in the 4th quarter valued at $55,000. First Horizon Advisors Inc. lifted its stake in shares of EQT by 33.1% in the 4th quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer's stock valued at $55,000 after purchasing an additional 298 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of EQT by 1,343.8% in the 4th quarter. Larson Financial Group LLC now owns 1,386 shares of the oil and gas producer's stock valued at $64,000 after purchasing an additional 1,290 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on EQT shares. Sanford C. Bernstein raised EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price target on the stock in a research note on Wednesday, January 15th. Piper Sandler decreased their price target on EQT from $36.00 to $35.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company upped their price target on EQT from $53.00 to $58.00 and gave the company an "overweight" rating in a research note on Wednesday, March 19th. TD Cowen raised EQT from a "hold" rating to a "buy" rating and set a $54.00 price target on the stock in a research note on Tuesday, April 8th. Finally, Stephens decreased their price target on EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $55.39.

EQT Stock Up 1.8 %

NYSE EQT traded up $0.90 during trading hours on Monday, hitting $51.14. 9,330,430 shares of the company were exchanged, compared to its average volume of 7,808,216. The company has a 50 day moving average of $50.31 and a two-hundred day moving average of $47.16. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. EQT Co. has a 52-week low of $30.02 and a 52-week 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.

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

EQT Dividend Announcement

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