Calamos Advisors LLC Purchases 106,222 Shares of EQT Corporation (NYSE:EQT)

Calamos Advisors LLC increased its holdings in shares of EQT Corporation (NYSE:EQT - Free Report) by 48.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 325,910 shares of the oil and gas producer's stock after buying an additional 106,222 shares during the quarter. Calamos Advisors LLC owned 0.05% of EQT worth $17,413,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of EQT. University of Texas Texas AM Investment Management Co. boosted its position in EQT by 47.7% during the fourth 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 boosted its position in EQT by 26.6% during 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 last quarter. Mascagni Wealth Management Inc. acquired a new stake in EQT during the fourth quarter valued at $55,000. Larson Financial Group LLC boosted its position in EQT by 1,343.8% during the fourth quarter. Larson Financial Group LLC now owns 1,386 shares of the oil and gas producer's stock valued at $64,000 after purchasing an additional 1,290 shares during the last quarter. Finally, Colonial Trust Co SC boosted its position in EQT by 255.5% during the fourth quarter. Colonial Trust Co SC now owns 1,422 shares of the oil and gas producer's stock valued at $66,000 after purchasing an additional 1,022 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company's stock.

EQT Trading Down 1.4%

NYSE:EQT traded down $0.79 during trading hours on Friday, hitting $55.36. 4,295,628 shares of the stock were exchanged, compared to its average volume of 7,987,285. The company's 50 day moving average is $55.71 and its two-hundred day moving average is $52.05. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $33.15 billion, a P/E ratio of 97.12, a price-to-earnings-growth ratio of 0.34 and a beta of 0.65. EQT Corporation has a twelve month low of $30.02 and a twelve month high of $61.02.

EQT (NYSE:EQT - Get Free Report) last released its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.20. EQT had a return on equity of 5.52% and a net margin of 6.59%. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. On average, sell-side analysts anticipate that EQT Corporation will post 3.27 earnings per share 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 given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Wednesday, May 7th. EQT's dividend payout ratio is currently 110.53%.

Analysts Set New Price Targets

EQT has been the subject of a number of analyst reports. Wall Street Zen cut EQT from a "hold" rating to a "sell" rating in a research report on Monday, April 7th. Morgan Stanley boosted their price target on EQT from $62.00 to $65.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Scotiabank restated a "sector perform" rating and set a $62.00 price target (up from $57.00) on shares of EQT in a research note on Thursday, May 22nd. Stephens lowered their price objective 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 upped their price objective on EQT from $35.00 to $48.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $58.00.

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.