111 Capital Makes New Investment in EQT Co. (NYSE:EQT)

111 Capital bought a new stake in shares of EQT Co. (NYSE:EQT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,485 shares of the oil and gas producer's stock, valued at approximately $253,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust increased its position in 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 buying an additional 193 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings 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 valued at $45,000 after purchasing an additional 205 shares during the period. Wilmington Savings Fund Society FSB increased its holdings in shares of EQT by 4.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer's stock valued at $218,000 after purchasing an additional 223 shares during the period. Huntington National Bank increased its holdings in shares of EQT by 7.4% in the fourth quarter. Huntington National Bank now owns 3,265 shares of the oil and gas producer's stock valued at $151,000 after purchasing an additional 224 shares during the period. Finally, Waldron Private Wealth LLC increased its holdings in shares of EQT by 0.7% in the fourth quarter. Waldron Private Wealth LLC now owns 37,323 shares of the oil and gas producer's stock valued at $1,721,000 after purchasing an additional 251 shares during the period. 90.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on EQT. Scotiabank reissued a "sector perform" rating and issued a $62.00 price objective (up from $57.00) on shares of EQT in a report on Thursday, May 22nd. Citigroup upped their target price on EQT from $51.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. Piper Sandler upped their target price on EQT from $35.00 to $48.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. 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. Finally, Wells Fargo & Company upped their target price on EQT from $53.00 to $58.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $57.11.

EQT Stock Down 2.0%

Shares of EQT stock traded down $1.16 during trading hours on Wednesday, hitting $55.49. 4,438,649 shares of the company were exchanged, compared to its average volume of 7,910,084. 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 one year low of $30.02 and a one year high of $57.37. The business's 50-day simple moving average is $52.50 and its two-hundred day simple moving average is $50.13. The stock has a market capitalization of $33.22 billion, a price-to-earnings ratio of 138.73, a P/E/G ratio of 0.64 and a beta of 0.59.

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 analysts' consensus estimates of $0.98 by $0.20. EQT had a net margin of 4.37% and a return on equity of 4.35%. The firm had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.16 billion. Sell-side analysts predict that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th were issued a dividend of $0.1575 per share. The ex-dividend date was Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.14%. EQT's dividend payout ratio (DPR) is presently 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.