EQT Corporation (NYSE:EQT) Position Boosted by Bleakley Financial Group LLC

Bleakley Financial Group LLC boosted its holdings in shares of EQT Corporation (NYSE:EQT - Free Report) by 39.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,486 shares of the oil and gas producer's stock after purchasing an additional 11,090 shares during the quarter. Bleakley Financial Group LLC's holdings in EQT were worth $2,110,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EQT. EverSource Wealth Advisors LLC boosted its holdings 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 period. Fidelis Capital Partners LLC lifted its holdings in shares of EQT by 2.6% in the 1st quarter. Fidelis Capital Partners LLC now owns 8,281 shares of the oil and gas producer's stock worth $416,000 after buying an additional 207 shares during the period. Generali Investments Management Co LLC raised its position in shares of EQT by 14.1% in the 1st quarter. Generali Investments Management Co LLC now owns 1,711 shares of the oil and gas producer's stock worth $91,000 after acquiring an additional 211 shares in the last quarter. Bartlett & CO. Wealth Management LLC raised its position in shares of EQT by 3.9% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 5,783 shares of the oil and gas producer's stock worth $309,000 after acquiring an additional 219 shares in the last quarter. Finally, Huntington National Bank increased its position in EQT by 7.4% during the 4th quarter. Huntington National Bank now owns 3,265 shares of the oil and gas producer's stock valued at $151,000 after buying an additional 224 shares in the last quarter. Institutional investors own 90.81% of the company's stock.

EQT Price Performance

Shares of NYSE:EQT traded down $0.13 during trading on Thursday, hitting $59.05. 3,279,276 shares of the stock were exchanged, compared to its average volume of 8,069,838. EQT Corporation has a 12-month low of $30.02 and a 12-month high of $61.02. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.33. The company has a fifty day moving average price of $56.44 and a two-hundred day moving average price of $52.69. The company has a market cap of $35.36 billion, a PE ratio of 103.57, a P/E/G ratio of 0.37 and a beta of 0.65.

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 for the quarter, topping analysts' consensus estimates of $0.98 by $0.20. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. EQT had a return on equity of 5.52% and a net margin of 6.59%. On average, analysts forecast that EQT Corporation 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 Tuesday, September 2nd. Investors of record on Wednesday, August 6th will be issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.07%. EQT's dividend payout ratio is currently 110.53%.

Analysts Set New Price Targets

Several research firms have weighed in on EQT. Barclays began coverage on EQT in a research note on Monday, July 7th. They set an "overweight" rating and a $65.00 price target on the stock. Piper Sandler boosted their price target on EQT from $35.00 to $48.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Scotiabank reiterated a "sector perform" rating and set a $66.00 price target (up previously from $62.00) on shares of EQT in a research note on Friday, July 11th. Wall Street Zen downgraded EQT from a "hold" rating to a "sell" rating in a research note on Monday, April 7th. Finally, Jefferies Financial Group restated a "buy" rating and issued a $70.00 target price (up previously from $60.00) on shares of EQT in a research note on Tuesday, July 8th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, EQT currently has a consensus rating of "Moderate Buy" and an average target price of $60.15.

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.