Nisa Investment Advisors LLC grew its stake in shares of EQT Corporation (NYSE:EQT - Free Report) by 8.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,545 shares of the oil and gas producer's stock after buying an additional 7,570 shares during the quarter. Nisa Investment Advisors LLC's holdings in EQT were worth $5,372,000 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. University of Texas Texas AM Investment Management Co. grew its stake 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 worth $44,000 after purchasing an additional 310 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of EQT by 26.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock worth $45,000 after purchasing an additional 205 shares during the last quarter. Mascagni Wealth Management Inc. acquired a new position in shares of EQT in the 4th quarter worth approximately $55,000. Colonial Trust Co SC grew its stake in shares of EQT by 255.5% in the 4th quarter. Colonial Trust Co SC now owns 1,422 shares of the oil and gas producer's stock worth $66,000 after purchasing an additional 1,022 shares during the last quarter. Finally, Generali Investments Management Co LLC acquired a new position in shares of EQT in the 4th quarter worth approximately $69,000. 90.81% of the stock is currently owned by institutional investors.
EQT Stock Up 1.5%
EQT stock traded up $0.81 during trading hours on Friday, hitting $55.33. The company's stock had a trading volume of 5,152,372 shares, compared to its average volume of 8,043,542. 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 market capitalization of $33.13 billion, a PE ratio of 97.07, a price-to-earnings-growth ratio of 0.34 and a beta of 0.65. EQT Corporation has a 12 month low of $30.02 and a 12 month high of $61.02. The stock has a 50 day moving average price of $56.14 and a two-hundred day moving average price of $52.39.
EQT (NYSE:EQT - Get Free Report) last posted 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. The company 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%. On average, equities research analysts expect that EQT Corporation will post 3.27 earnings per share for the current year.
EQT Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th were given a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Wednesday, May 7th. EQT's dividend payout ratio is 110.53%.
Analyst Ratings Changes
EQT has been the topic of several recent research reports. Piper Sandler lifted their price objective on shares of EQT from $35.00 to $48.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Wells Fargo & Company lifted their price objective on shares of EQT from $59.00 to $63.00 and gave the stock an "overweight" rating in a research note on Monday, June 16th. Scotiabank lifted their target price on shares of EQT from $62.00 to $66.00 and gave the stock a "sector perform" rating in a research report on Friday. Barclays began coverage on shares of EQT in a research report on Monday, July 7th. They issued an "overweight" rating and a $65.00 target price on the stock. Finally, Morgan Stanley lifted their target price on shares of EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $60.15.
Read Our Latest Analysis on EQT
About EQT
(
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.
See Also

Before you consider EQT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EQT wasn't on the list.
While EQT currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.