GF Fund Management CO. LTD. Acquires Shares of 180,385 EQT Co. (NYSE:EQT)

GF Fund Management CO. LTD. bought a new stake in EQT Co. (NYSE:EQT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 180,385 shares of the oil and gas producer's stock, valued at approximately $8,318,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. University of Texas Texas AM Investment Management Co. lifted its holdings in shares of EQT by 47.7% in the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer's stock valued at $44,000 after purchasing an additional 310 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in 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 last quarter. Parkside Financial Bank & Trust raised its stake 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 acquiring an additional 193 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in EQT during the 4th quarter valued at approximately $55,000. Finally, First Horizon Advisors Inc. raised its stake 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 valued at $55,000 after acquiring an additional 298 shares during the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

EQT Trading Up 1.7%

Shares of EQT traded up $0.93 during trading hours on Tuesday, hitting $56.54. The stock had a trading volume of 5,221,348 shares, compared to its average volume of 7,916,409. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. The firm has a market cap of $33.85 billion, a P/E ratio of 141.35, a P/E/G ratio of 0.64 and a beta of 0.59. The company's fifty day simple moving average is $52.14 and its 200 day simple moving average is $49.61. EQT Co. has a 12-month low of $30.02 and a 12-month high of $57.37.

EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, beating the consensus estimate of $0.98 by $0.20. EQT had a return on equity of 4.35% and a net margin of 4.37%. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. Equities research analysts forecast that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

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

Analyst Ratings Changes

Several analysts have commented on the company. JPMorgan Chase & Co. upped their price objective on EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. Wall Street Zen cut EQT from a "hold" rating to a "sell" rating in a report on Monday, April 7th. Scotiabank reiterated a "sector perform" rating and set a $62.00 target price (up previously from $57.00) on shares of EQT in a report on Thursday, May 22nd. Stephens reduced their price target on EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Finally, Piper Sandler increased their price target on EQT from $35.00 to $48.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Two analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $57.11.

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.