Michels Family Financial LLC Takes Position in EQT Co. (NYSE:EQT)

Michels Family Financial LLC purchased a new stake in shares of EQT Co. (NYSE:EQT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 15,639 shares of the oil and gas producer's stock, valued at approximately $721,000.

A number of other institutional investors also recently modified their holdings of EQT. Park Avenue Securities LLC acquired a new position in EQT in the 4th quarter valued at $364,000. Merit Financial Group LLC bought a new stake in EQT during the fourth quarter valued at about $214,000. MassMutual Private Wealth & Trust FSB grew its position in shares of EQT by 15.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer's stock valued at $79,000 after purchasing an additional 236 shares during the last quarter. Ballentine Partners LLC acquired a new stake in shares of EQT in the fourth quarter valued at about $272,000. Finally, Janney Montgomery Scott LLC increased its position in EQT by 8.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 234,183 shares of the oil and gas producer's stock worth $10,798,000 after buying an additional 19,025 shares during the period. Institutional investors own 90.81% of the company's stock.

EQT Price Performance

Shares of EQT stock traded up $0.93 during trading hours on Tuesday, hitting $56.54. 5,221,348 shares of the company's stock were exchanged, compared to its average volume of 7,916,409. EQT Co. has a 52 week low of $30.02 and a 52 week high of $57.37. The stock has a market cap of $33.85 billion, a price-to-earnings ratio of 141.35, a price-to-earnings-growth ratio of 0.64 and a beta of 0.59. 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 stock's 50-day moving average is $52.14 and its 200-day moving average is $49.61.

EQT (NYSE:EQT - Get Free Report) last issued its quarterly 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. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.16 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. As a group, research analysts forecast that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th will be paid a dividend of $0.1575 per share. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $0.63 annualized dividend and a dividend yield of 1.11%. EQT's dividend payout ratio (DPR) is currently 110.53%.

Analysts Set New Price Targets

EQT has been the topic of several research analyst reports. Piper Sandler raised their price objective on shares of EQT from $35.00 to $48.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Mizuho lifted their price objective on EQT from $57.00 to $60.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Wells Fargo & Company raised their price objective on shares of EQT from $53.00 to $58.00 and gave the stock an "overweight" rating in a report on Wednesday, March 19th. TD Cowen raised shares of 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, The Goldman Sachs Group reissued a "reduce" rating on shares of EQT in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $57.11.

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.