Arosa Capital Management LP acquired a new position in EQT Co. (NYSE:EQT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 24,000 shares of the oil and gas producer's stock, valued at approximately $1,107,000.
Other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in shares of EQT by 26.6% in 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 in the last quarter. Parkside Financial Bank & Trust boosted 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 valued at $48,000 after purchasing an additional 193 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of EQT during the 4th quarter worth approximately $55,000. First Horizon Advisors Inc. grew 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 worth $55,000 after buying an additional 298 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in 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 valued at $64,000 after purchasing an additional 1,290 shares during the period. 90.81% of the stock is currently owned by institutional investors.
EQT Stock Up 1.8 %
EQT stock traded up $0.90 during mid-day trading on Thursday, reaching $50.34. The company had a trading volume of 7,660,955 shares, compared to its average volume of 7,826,255. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $56.66. The company has a market capitalization of $30.14 billion, a price-to-earnings ratio of 125.86, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. The firm has a fifty day simple moving average of $50.20 and a 200 day simple moving average of $47.30.
EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $2.16 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. Analysts forecast that EQT Co. will post 3.27 earnings per share for the current fiscal year.
EQT Announces Dividend
The business also recently announced 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. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Wednesday, May 7th. EQT's payout ratio is currently 110.53%.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on EQT shares. StockNews.com downgraded EQT from a "hold" rating to a "sell" rating in a research report on Monday, April 7th. UBS Group decreased their target price on EQT from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. TD Cowen upgraded EQT from a "hold" rating to a "buy" rating and set a $54.00 target price on the stock in a research note on Tuesday, April 8th. Stephens lowered their target price on shares of EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Finally, Morgan Stanley upped their price target on shares of EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Two investment 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $55.39.
View Our Latest Stock Analysis on EQT
EQT Profile
(
Free Report)
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.
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