Robeco Institutional Asset Management B.V. acquired a new position in EQT Corporation (NYSE:EQT - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 4,765 shares of the oil and gas producer's stock, valued at approximately $255,000.
A number of other large investors also recently modified their holdings of EQT. Sequoia Financial Advisors LLC increased its position in EQT by 16.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 6,472 shares of the oil and gas producer's stock worth $346,000 after purchasing an additional 932 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of EQT in the first quarter worth $296,000. Bessemer Group Inc. raised its stake in shares of EQT by 4.0% in the 1st quarter. Bessemer Group Inc. now owns 19,795 shares of the oil and gas producer's stock valued at $1,058,000 after acquiring an additional 767 shares during the period. Riverbend Wealth Management LLC purchased a new stake in EQT during the 1st quarter worth $250,000. Finally, Daymark Wealth Partners LLC increased its holdings in EQT by 1.1% in the 1st quarter. Daymark Wealth Partners LLC now owns 31,425 shares of the oil and gas producer's stock valued at $1,679,000 after purchasing an additional 353 shares in the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.
EQT Stock Down 1.4%
NYSE EQT traded down $0.79 on Thursday, hitting $55.36. 4,295,628 shares of the stock traded hands, compared to its average volume of 7,962,418. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average of $55.48 and a 200 day moving average of $51.84. EQT Corporation has a twelve month low of $30.02 and a twelve month high of $61.02. The company has a market capitalization of $33.14 billion, a P/E ratio of 97.12, a price-to-earnings-growth ratio of 0.34 and a beta of 0.65.
EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.20. The firm 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, analysts expect that EQT Corporation will post 3.27 earnings per share for the current fiscal year.
EQT Announces Dividend
The firm 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 of this dividend was Wednesday, May 7th. This represents a $0.63 annualized dividend and a yield of 1.14%. EQT's dividend payout ratio (DPR) is 110.53%.
Wall Street Analyst Weigh In
A number of brokerages have commented on EQT. Piper Sandler boosted their price objective on EQT from $35.00 to $48.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Mizuho boosted their price target on EQT from $57.00 to $60.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. Morgan Stanley increased their price objective on shares of EQT from $62.00 to $65.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Wells Fargo & Company boosted their target price on shares of EQT from $59.00 to $63.00 and gave the stock an "overweight" rating in a research report on Monday, June 16th. Finally, Stephens decreased their target price on shares of EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $58.00.
Read Our Latest Report 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.
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