14,700 Shares in EQT Co. (NYSE:EQT) Acquired by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co acquired a new stake in EQT Co. (NYSE:EQT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,700 shares of the oil and gas producer's stock, valued at approximately $678,000.

Other large investors have also modified their holdings of the company. University of Texas Texas AM Investment Management Co. lifted its position in shares of EQT by 47.7% during the fourth 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 lifted its position in shares of EQT by 26.6% during the fourth 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. Parkside Financial Bank & Trust lifted its position in shares of EQT by 22.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock worth $48,000 after purchasing an additional 193 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in shares of EQT during the fourth quarter worth about $55,000. Finally, First Horizon Advisors Inc. lifted its position in shares of EQT by 33.1% during the fourth quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer's stock worth $55,000 after purchasing an additional 298 shares during the last quarter. Institutional investors own 90.81% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EQT. JPMorgan Chase & Co. increased their price target 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. Citigroup increased their price objective on shares of EQT from $51.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. Scotiabank reiterated a "sector perform" rating and set a $62.00 price objective (up previously from $57.00) on shares of EQT in a research note on Thursday, May 22nd. Morgan Stanley increased their price objective on shares of EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Finally, TD Cowen upgraded shares of EQT from a "hold" rating to a "buy" rating and set a $54.00 price objective on the stock in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $57.11.

EQT Price Performance

Shares of NYSE EQT traded down $0.37 during mid-day trading on Friday, reaching $55.00. 7,853,187 shares of the company traded hands, compared to its average volume of 7,909,030. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $57.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The firm has a market cap of $32.92 billion, a PE ratio of 137.50, a price-to-earnings-growth ratio of 0.64 and a beta of 0.59. The stock has a fifty day simple moving average of $52.29 and a 200-day simple moving average of $49.90.

EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.20. EQT had a net margin of 4.37% and a return on equity of 4.35%. The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. Equities research analysts anticipate that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 7th will be paid a dividend of $0.1575 per share. The ex-dividend date is Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.15%. EQT's dividend payout ratio is presently 110.53%.

EQT Company 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.