EQT Co. (NYSE:EQT) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its position in shares of EQT Co. (NYSE:EQT - Free Report) by 61.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,341 shares of the oil and gas producer's stock after purchasing an additional 11,181 shares during the period. Tower Research Capital LLC TRC's holdings in EQT were worth $1,353,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in EQT. Seldon Capital LP bought a new stake in EQT during the fourth quarter worth about $5,332,000. Mesirow Institutional Investment Management Inc. grew its position in EQT by 2.4% during the 4th quarter. Mesirow Institutional Investment Management Inc. now owns 85,060 shares of the oil and gas producer's stock worth $3,922,000 after acquiring an additional 2,003 shares during the last quarter. MetLife Investment Management LLC increased its stake in EQT by 2.2% in the 4th quarter. MetLife Investment Management LLC now owns 159,408 shares of the oil and gas producer's stock worth $7,350,000 after purchasing an additional 3,368 shares during the period. Norinchukin Bank The boosted its stake in shares of EQT by 13.8% during the fourth quarter. Norinchukin Bank The now owns 29,158 shares of the oil and gas producer's stock valued at $1,344,000 after purchasing an additional 3,534 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its position in EQT by 69.5% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 38,230 shares of the oil and gas producer's stock valued at $1,763,000 after buying an additional 15,669 shares during the period. Institutional investors own 90.81% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on EQT shares. Wells Fargo & Company upped their price objective on shares of EQT from $53.00 to $58.00 and gave the company an "overweight" rating in a research note on Wednesday, March 19th. StockNews.com cut EQT from a "hold" rating to a "sell" rating in a 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. Stephens decreased their price objective on shares of EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Finally, Truist Financial lifted their target price on shares of EQT from $41.00 to $56.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $55.39.

EQT Stock Down 0.2 %

Shares of EQT stock traded down $0.12 during mid-day trading on Tuesday, hitting $51.00. The stock had a trading volume of 1,985,044 shares, compared to its average volume of 8,670,309. EQT Co. has a 12-month low of $30.02 and a 12-month 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. The firm's 50-day moving average is $50.24 and its two-hundred day moving average is $47.26. The firm has a market capitalization of $30.53 billion, a P/E ratio of 127.45, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35.

EQT (NYSE:EQT - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.20. EQT had a net margin of 4.37% and a return on equity of 4.35%. The company had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.16 billion. On average, analysts predict that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th will be issued a dividend of $0.1575 per share. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a yield of 1.24%. EQT's dividend payout ratio is currently 110.53%.

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.