Graypoint LLC Buys Shares of 5,816 EQT Corporation (NYSE:EQT)

Graypoint LLC purchased a new position in shares of EQT Corporation (NYSE:EQT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,816 shares of the oil and gas producer's stock, valued at approximately $311,000.

Several other large investors also recently bought and sold shares of EQT. University of Texas Texas AM Investment Management Co. boosted its position in shares of 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 during the period. Mascagni Wealth Management Inc. acquired a new stake in shares of EQT in the 4th quarter valued at about $55,000. Colonial Trust Co SC lifted its position in EQT by 255.5% during the 4th quarter. Colonial Trust Co SC now owns 1,422 shares of the oil and gas producer's stock worth $66,000 after acquiring an additional 1,022 shares during the period. Altshuler Shaham Ltd acquired a new stake in EQT during the 4th quarter worth approximately $70,000. Finally, Capital A Wealth Management LLC acquired a new stake in EQT during the 4th quarter worth approximately $72,000. Hedge funds and other institutional investors own 90.81% of the company's stock.

EQT Stock Up 0.8%

Shares of NYSE:EQT traded up $0.45 during midday trading on Friday, hitting $59.20. 6,066,929 shares of the stock were exchanged, compared to its average volume of 7,822,772. EQT Corporation has a 52-week low of $30.02 and a 52-week high of $61.02. The business's fifty day simple moving average is $56.63 and its two-hundred day simple moving average is $52.91. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.57 and a current ratio of 0.57. The company has a market capitalization of $35.45 billion, a PE ratio of 103.86, a P/E/G ratio of 0.38 and a beta of 0.65.

EQT (NYSE:EQT - Get Free Report) last posted 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. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.16 billion. EQT had a net margin of 6.59% and a return on equity of 5.52%. As a group, research analysts predict that EQT Corporation will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 6th will be given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, August 6th. EQT's dividend payout ratio (DPR) is presently 110.53%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Jefferies Financial Group reissued a "buy" rating and set a $70.00 price target (up previously from $60.00) on shares of EQT in a research report on Tuesday, July 8th. UBS Group reaffirmed a "buy" rating on shares of EQT in a research report on Monday, July 14th. Wells Fargo & Company lifted their price objective on EQT from $59.00 to $63.00 and gave the company an "overweight" rating in a research report on Monday, June 16th. Scotiabank reaffirmed a "sector perform" rating and issued a $66.00 price objective (up previously from $62.00) on shares of EQT in a research report on Friday, July 11th. Finally, Piper Sandler lifted their price objective on EQT from $35.00 to $48.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.63.

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.