Tidal Investments LLC lifted its stake in EQT Co. (NYSE:EQT - Free Report) by 37.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,878 shares of the oil and gas producer's stock after buying an additional 23,062 shares during the period. Tidal Investments LLC's holdings in EQT were worth $3,868,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Parkside Financial Bank & Trust boosted its holdings in EQT by 22.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock worth $48,000 after acquiring an additional 193 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of EQT by 26.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock worth $45,000 after purchasing an additional 205 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its stake 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 boosted its stake 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, MassMutual Private Wealth & Trust FSB grew its holdings in EQT by 15.9% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.
EQT Stock Performance
EQT stock traded down $0.11 during midday trading on Monday, reaching $55.58. 6,812,553 shares of the stock traded hands, compared to its average volume of 7,927,201. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $57.37. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. The firm has a market cap of $33.27 billion, a price-to-earnings ratio of 138.95, a PEG ratio of 0.64 and a beta of 0.59. The firm has a fifty day moving average price of $52.10 and a two-hundred day moving average price of $49.51.
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, beating analysts' consensus estimates of $0.98 by $0.20. EQT had a return on equity of 4.35% and a net margin of 4.37%. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.16 billion. On average, equities research analysts forecast that EQT Co. will post 3.27 earnings per share for the current year.
EQT Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors 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 yield of 1.13%. EQT's dividend payout ratio is currently 110.53%.
Analyst Ratings Changes
EQT has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted 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. UBS Group upgraded EQT from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $54.00 to $64.00 in a research note on Monday, May 5th. Piper Sandler increased their price target on EQT from $35.00 to $48.00 and gave the company a "neutral" rating in a report 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. Finally, The Goldman Sachs Group reaffirmed a "reduce" rating on shares of EQT in a research report on Wednesday, February 12th. 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 company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $57.11.
Get Our Latest Research Report on EQT
About EQT
(
Free Report)
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.
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