EQT Corporation (NYSE:EQT) Holdings Increased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC grew its stake in shares of EQT Corporation (NYSE:EQT - Free Report) by 101.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,039 shares of the oil and gas producer's stock after buying an additional 4,559 shares during the quarter. Exchange Traded Concepts LLC's holdings in EQT were worth $483,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Jackson Square Capital LLC raised its position in shares of EQT by 34.4% during the 1st quarter. Jackson Square Capital LLC now owns 20,626 shares of the oil and gas producer's stock worth $1,102,000 after buying an additional 5,278 shares in the last quarter. Puff Wealth Management LLC bought a new stake in shares of EQT in the 1st quarter worth approximately $281,000. Rockland Trust Co. bought a new stake in shares of EQT in the 1st quarter worth approximately $214,000. Sapient Capital LLC bought a new stake in shares of EQT in the 1st quarter worth approximately $33,114,000. Finally, Fifth Third Bancorp raised its holdings in shares of EQT by 19.3% in the 1st quarter. Fifth Third Bancorp now owns 20,179 shares of the oil and gas producer's stock worth $1,078,000 after purchasing an additional 3,264 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EQT has been the topic of a number of research reports. Mizuho boosted their target price on shares of EQT from $57.00 to $60.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. UBS Group upgraded shares of EQT from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $54.00 to $64.00 in a report on Monday, May 5th. Morgan Stanley boosted their target price on shares of EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Stephens dropped their target price on shares of EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Finally, Piper Sandler boosted their target price on shares of EQT from $35.00 to $48.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $57.39.

EQT Stock Performance

Shares of EQT opened at $60.49 on Friday. The company's 50 day moving average price is $54.15 and its 200 day moving average price is $51.13. EQT Corporation has a 52 week low of $30.02 and a 52 week high of $60.80. The company has a market capitalization of $36.21 billion, a PE ratio of 106.12, a PEG ratio of 0.37 and a beta of 0.65. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.57 and a current ratio of 0.57.

EQT (NYSE:EQT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.20. EQT had a net margin of 6.59% and a return on equity of 5.52%. The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.16 billion. Research analysts expect that EQT Corporation will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors 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 yield of 1.04%. The ex-dividend date of this dividend was Wednesday, May 7th. EQT's payout ratio is presently 110.53%.

EQT Company 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.

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