Ensign Peak Advisors Inc Purchases 19,350 Shares of EQT Co. (NYSE:EQT)

Ensign Peak Advisors Inc lifted its holdings in shares of EQT Co. (NYSE:EQT - Free Report) by 13.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 158,902 shares of the oil and gas producer's stock after buying an additional 19,350 shares during the period. Ensign Peak Advisors Inc's holdings in EQT were worth $7,327,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position 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 valued at $45,000 after acquiring an additional 205 shares during the period. Parkside Financial Bank & Trust grew its stake in 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 worth $48,000 after acquiring an additional 193 shares during the period. Stonebridge Financial Group LLC purchased a new stake in shares of EQT during the 4th quarter valued at $55,000. First Horizon Advisors Inc. grew its stake 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 valued at $55,000 after buying an additional 298 shares during the period. Finally, Larson Financial Group LLC boosted its position in 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 and hedge funds own 90.81% of the company's stock.

EQT Stock Down 0.3%

NYSE EQT traded down $0.17 during mid-day trading on Friday, hitting $55.83. The company's stock had a trading volume of 4,374,261 shares, compared to its average volume of 7,939,658. The company's 50 day simple moving average is $51.59 and its 200 day simple moving average is $48.74. EQT Co. has a twelve month low of $30.02 and a twelve month high of $57.04. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. The firm has a market capitalization 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 (NYSE:EQT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.20. The business had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.16 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. Analysts anticipate that EQT Co. will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 7th will be paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Wednesday, May 7th. EQT's dividend payout ratio is currently 110.53%.

Analysts Set New Price Targets

EQT has been the subject of a number of research reports. Scotiabank cut shares of EQT from a "sector outperform" rating to a "sector perform" rating and decreased their price target for the stock from $55.00 to $54.00 in a research report on Friday, January 17th. UBS Group raised shares of EQT from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $54.00 to $64.00 in a research report on Monday, May 5th. The Goldman Sachs Group restated a "reduce" rating on shares of EQT in a research report on Wednesday, February 12th. TD Cowen raised shares of EQT from a "hold" rating to a "buy" rating and set a $54.00 target price for the company in a research note on Tuesday, April 8th. Finally, Citigroup upped their price target on shares of EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $56.67.

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.