Ewa LLC acquired a new stake in EQT Corporation (NYSE:EQT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,563 shares of the oil and gas producer's stock, valued at approximately $244,000.
Other institutional investors also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. boosted its holdings in 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 in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in EQT by 26.6% in the 4th 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 in the last quarter. 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 valued at $48,000 after purchasing an additional 193 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in EQT by 33.1% in 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 purchasing an additional 298 shares in the last quarter. Finally, Mascagni Wealth Management Inc. purchased a new stake in EQT in the 4th quarter valued at approximately $55,000. Hedge funds and other institutional investors own 90.81% of the company's stock.
EQT Trading Up 1.9%
Shares of EQT stock opened at $60.49 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.57 and a quick ratio of 0.57. EQT Corporation has a 1 year low of $30.02 and a 1 year high of $60.80. The company has a market capitalization of $36.21 billion, a P/E ratio of 106.12, a P/E/G ratio of 0.37 and a beta of 0.65. The business has a 50 day moving average price of $54.15 and a 200 day moving average price of $51.13.
EQT (NYSE:EQT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $2.16 billion. Sell-side analysts anticipate that EQT Corporation will post 3.27 EPS for the current fiscal year.
EQT Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th were issued a $0.1575 dividend. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $0.63 annualized dividend and a yield of 1.04%. EQT's dividend payout ratio (DPR) is presently 110.53%.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. Mizuho lifted their price objective on EQT from $57.00 to $60.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Morgan Stanley lifted their price target on shares of EQT from $62.00 to $65.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Wells Fargo & Company lifted their price target on shares of EQT from $59.00 to $63.00 and gave the company an "overweight" rating in a research report on Monday, June 16th. Stephens reduced their price target on shares of EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Finally, UBS Group upgraded shares of EQT from a "neutral" rating to a "buy" rating and lifted their price target for the company from $54.00 to $64.00 in a research report on Monday, May 5th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, EQT has an average rating of "Moderate Buy" and a consensus target price of $57.39.
Get Our Latest Stock Report on EQT
EQT Profile
(
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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