Riggs Asset Managment Co. Inc. Has $1.27 Million Stock Position in EQT Corporation (NYSE:EQT)

Riggs Asset Managment Co. Inc. grew its position in shares of EQT Corporation (NYSE:EQT - Free Report) by 65,994.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,794 shares of the oil and gas producer's stock after purchasing an additional 23,758 shares during the period. Riggs Asset Managment Co. Inc.'s holdings in EQT were worth $1,271,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. grew its holdings 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 grew its stake in 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 acquiring an additional 205 shares during the period. Mascagni Wealth Management Inc. purchased a new stake in shares of EQT during the 4th quarter valued at $55,000. Larson Financial Group LLC lifted its holdings in shares of EQT by 1,343.8% during the 4th quarter. Larson Financial Group LLC now owns 1,386 shares of the oil and gas producer's stock valued at $64,000 after acquiring an additional 1,290 shares in the last quarter. Finally, Colonial Trust Co SC lifted its holdings in 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 buying an additional 1,022 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on EQT. Wall Street Zen downgraded shares of EQT from a "hold" rating to a "sell" rating in a research report on Monday, April 7th. Piper Sandler upped their price objective on shares of EQT from $35.00 to $48.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. raised their target price on shares of EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. Roth Capital started coverage on shares of EQT in a research note on Tuesday, June 24th. They issued a "buy" rating and a $69.00 target price on the stock. Finally, Stephens decreased their price target on shares of EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $59.95.

EQT Stock Performance

Shares of EQT stock traded down $0.12 during midday trading on Wednesday, hitting $54.74. 6,399,830 shares of the company were exchanged, compared to its average volume of 8,009,233. The firm has a market capitalization of $32.78 billion, a P/E ratio of 96.04, a PEG ratio of 0.35 and a beta of 0.65. 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 firm's 50 day moving average price is $55.88 and its two-hundred day moving average price is $52.23. EQT Corporation has a 52 week low of $30.02 and a 52 week high of $61.02.

EQT (NYSE:EQT - Get Free Report) last announced 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 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, equities research analysts anticipate that EQT Corporation will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th were given a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Wednesday, May 7th. EQT's payout ratio is presently 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.