535,630 Shares in EQT Co. (NYSE:EQT) Bought by Clean Energy Transition LLP

Clean Energy Transition LLP bought a new position in shares of EQT Co. (NYSE:EQT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 535,630 shares of the oil and gas producer's stock, valued at approximately $24,698,000. EQT makes up about 0.9% of Clean Energy Transition LLP's holdings, making the stock its 11th largest holding. Clean Energy Transition LLP owned about 0.09% of EQT as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quarry LP boosted its position in shares of EQT by 184.7% in the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer's stock valued at $33,000 after purchasing an additional 578 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of 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 in the last quarter. Parkside Financial Bank & Trust lifted its position 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 acquiring an additional 193 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in EQT in the 4th quarter worth approximately $55,000. Finally, First Horizon Advisors Inc. grew its position in 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 in the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.

EQT Trading Up 1.1 %

Shares of EQT stock traded up $0.57 on Wednesday, reaching $51.31. 2,615,069 shares of the stock were exchanged, compared to its average volume of 7,744,145. The stock has a 50 day moving average price of $50.86 and a 200 day moving average price of $46.38. The stock has a market cap of $30.65 billion, a PE ratio of 128.28, 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.

EQT (NYSE:EQT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.19. EQT had a return on equity of 4.35% and a net margin of 4.37%. The business had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.81 billion. Equities research analysts forecast that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.23%. The ex-dividend date was Tuesday, February 18th. EQT's payout ratio is 157.50%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EQT. Royal Bank of Canada reiterated a "sector perform" rating and set a $49.00 price target on shares of EQT in a report on Monday, January 6th. Morgan Stanley restated an "overweight" rating and set a $67.00 price target (up from $63.00) on shares of EQT in a report on Wednesday, March 26th. The Goldman Sachs Group reissued a "reduce" rating on shares of EQT in a research note on Wednesday, February 12th. Wells Fargo & Company lifted their price objective on EQT from $53.00 to $58.00 and gave the company an "overweight" rating in a research report on Wednesday, March 19th. Finally, Mizuho boosted their price target on EQT from $57.00 to $60.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. 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 stock. According to MarketBeat, EQT has an average rating of "Moderate Buy" and an average price target of $55.61.

EQT 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.