Inscription Capital LLC Invests $393,000 in EQT Corporation (NYSE:EQT)

Inscription Capital LLC acquired a new stake in EQT Corporation (NYSE:EQT - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 7,352 shares of the oil and gas producer's stock, valued at approximately $393,000.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in EQT by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 72,530,286 shares of the oil and gas producer's stock valued at $3,344,371,000 after acquiring an additional 358,649 shares during the period. Geode Capital Management LLC lifted its position in shares of EQT by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 14,427,307 shares of the oil and gas producer's stock worth $663,552,000 after purchasing an additional 429,733 shares during the last quarter. Capital International Investors lifted its position in shares of EQT by 21.3% during the 4th quarter. Capital International Investors now owns 13,855,244 shares of the oil and gas producer's stock worth $638,867,000 after purchasing an additional 2,433,632 shares during the last quarter. Clearbridge Investments LLC boosted its stake in EQT by 14.7% during the 4th quarter. Clearbridge Investments LLC now owns 13,829,938 shares of the oil and gas producer's stock valued at $637,698,000 after purchasing an additional 1,774,696 shares during the period. Finally, Invesco Ltd. grew its holdings in EQT by 46.3% in the 4th quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer's stock valued at $606,059,000 after buying an additional 4,162,065 shares during the last quarter. 90.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on EQT shares. Wall Street Zen lowered EQT from a "hold" rating to a "sell" rating in a report on Monday, April 7th. JPMorgan Chase & Co. boosted their target price on shares of EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Mizuho upped their target price on shares of EQT from $57.00 to $60.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. TD Cowen raised shares of EQT from a "hold" rating to a "buy" rating and set a $54.00 price target for the company in a report on Tuesday, April 8th. Finally, UBS Group upgraded shares of EQT from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $54.00 to $64.00 in a report on Monday, May 5th. Two 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.39.

EQT Stock Up 1.2%

Shares of EQT opened at $58.86 on Wednesday. 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 50-day moving average price of $53.53 and a two-hundred day moving average price of $50.82. The stock has a market cap of $35.23 billion, a price-to-earnings ratio of 103.26, a P/E/G ratio of 0.36 and a beta of 0.65. EQT Corporation has a 12 month low of $30.02 and a 12 month high of $60.32.

EQT (NYSE:EQT - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.20. The business had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.16 billion. EQT had a return on equity of 5.52% and a net margin of 6.59%. Equities analysts predict 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. Shareholders of record on Wednesday, May 7th were paid a dividend of $0.1575 per share. The ex-dividend date was Wednesday, May 7th. This represents a $0.63 annualized dividend and a yield of 1.07%. EQT's dividend payout ratio is currently 110.53%.

EQT 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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