76,978 Shares in EQT Co. (NYSE:EQT) Bought by Moore Capital Management LP

Moore Capital Management LP acquired a new position in EQT Co. (NYSE:EQT - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 76,978 shares of the oil and gas producer's stock, valued at approximately $3,549,000.

A number of other large investors have also recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its position in shares of EQT by 26.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock valued at $45,000 after purchasing an additional 205 shares in the last quarter. Parkside Financial Bank & Trust increased its position in EQT by 22.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock valued at $48,000 after acquiring an additional 193 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in EQT in the fourth quarter worth about $55,000. First Horizon Advisors Inc. increased its position in EQT by 33.1% in the fourth quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer's stock worth $55,000 after buying an additional 298 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in shares of EQT by 1,343.8% during the fourth 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 in the last quarter. 90.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EQT has been the subject of several research analyst reports. Mizuho increased their target price on EQT from $57.00 to $60.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. The Goldman Sachs Group reiterated a "reduce" rating on shares of EQT in a research report on Wednesday, February 12th. Wells Fargo & Company increased their target price on EQT from $53.00 to $58.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. JPMorgan Chase & Co. increased their target price on EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Finally, Stephens cut their target price on EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, EQT presently has an average rating of "Moderate Buy" and a consensus price target of $56.67.

EQT Stock Down 0.3%

NYSE EQT traded down $0.17 on Friday, reaching $55.83. 4,374,261 shares of the stock traded hands, compared to its average volume of 7,939,657. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. The company has a fifty day moving average price of $51.45 and a 200-day moving average price of $48.61. The company has a market cap of $33.42 billion, a price-to-earnings ratio of 139.58, a PEG ratio of 0.64 and a beta of 0.59. EQT Co. has a 12 month low of $30.02 and a 12 month high of $57.04.

EQT (NYSE:EQT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (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. As a group, research analysts forecast that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th will be issued a $0.1575 dividend. 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 1.13%. EQT's dividend payout ratio is presently 110.53%.

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.