New York State Teachers Retirement System Acquires 9,685 Shares of EQT Corporation (NYSE:EQT)

New York State Teachers Retirement System lifted its holdings in shares of EQT Corporation (NYSE:EQT - Free Report) by 2.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 468,362 shares of the oil and gas producer's stock after purchasing an additional 9,685 shares during the period. New York State Teachers Retirement System owned 0.08% of EQT worth $25,025,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in EQT. Teacher Retirement System of Texas acquired a new stake in shares of EQT during the 4th quarter worth approximately $244,000. Aviva PLC bought a new position in EQT in the fourth quarter worth approximately $14,719,000. Proficio Capital Partners LLC acquired a new position in shares of EQT during the fourth quarter worth approximately $5,119,000. Flagship Harbor Advisors LLC acquired a new position in shares of EQT during the first quarter worth approximately $226,000. Finally, Raymond James Financial Inc. bought a new position in shares of EQT in the 4th quarter worth $113,924,000. Institutional investors and hedge funds own 90.81% of the company's stock.

EQT Stock Performance

Shares of NYSE:EQT traded down $0.79 during trading on Thursday, hitting $55.36. 4,295,628 shares of the company were exchanged, compared to its average volume of 7,983,694. EQT Corporation has a 52-week low of $30.02 and a 52-week high of $61.02. The stock has a 50 day moving average of $55.48 and a 200 day moving average of $51.84. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market cap of $33.14 billion, a PE ratio of 97.12, a P/E/G ratio of 0.34 and a beta of 0.65.

EQT (NYSE:EQT - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 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 business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.16 billion. As a group, equities research analysts predict that EQT Corporation will post 3.27 EPS for the current year.

EQT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors 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 1.14%. EQT's dividend payout ratio is currently 110.53%.

Wall Street Analysts Forecast Growth

EQT has been the subject of a number of analyst reports. Roth Capital initiated coverage on shares of EQT in a report on Tuesday, June 24th. They set a "buy" rating and a $69.00 price objective for the company. Wall Street Zen downgraded EQT from a "hold" rating to a "sell" rating in a report on Monday, April 7th. Morgan Stanley raised their price objective on EQT from $62.00 to $65.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Scotiabank reiterated a "sector perform" rating and issued a $62.00 target price (up previously from $57.00) on shares of EQT in a research note on Thursday, May 22nd. Finally, Mizuho raised their price target on shares of EQT from $57.00 to $60.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $58.00.

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.