Sapient Capital LLC Buys Shares of 619,767 EQT Co. (NYSE:EQT)

Sapient Capital LLC purchased a new stake in EQT Co. (NYSE:EQT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 619,767 shares of the oil and gas producer's stock, valued at approximately $33,114,000. Sapient Capital LLC owned 0.10% of EQT as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of EQT. University of Texas Texas AM Investment Management Co. grew its position in EQT by 47.7% in the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer's stock valued at $44,000 after acquiring an additional 310 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in EQT by 26.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock valued at $45,000 after acquiring an additional 205 shares in the last quarter. Parkside Financial Bank & Trust grew its position in EQT by 22.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock valued at $48,000 after acquiring an additional 193 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in EQT in the fourth quarter valued at approximately $55,000. Finally, First Horizon Advisors Inc. grew its position in EQT by 33.1% in the fourth quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer's stock valued at $55,000 after acquiring an additional 298 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company's stock.

EQT Stock Performance

EQT stock traded up $1.30 during mid-day trading on Friday, reaching $56.82. The company's stock had a trading volume of 7,731,773 shares, compared to its average volume of 7,905,891. The firm has a market cap of $34.02 billion, a price-to-earnings ratio of 142.06, a PEG ratio of 0.64 and a beta of 0.65. The business has a 50 day moving average price of $53.14 and a 200-day moving average price of $50.63. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. EQT Co. has a twelve month low of $30.02 and a twelve month high of $57.37.

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 4.37% and a return on equity of 4.35%. Sell-side analysts predict that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th were paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Wednesday, May 7th. EQT's payout ratio is 110.53%.

Analyst Upgrades and Downgrades

EQT has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price objective on shares of EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. Wall Street Zen downgraded shares of EQT from a "hold" rating to a "sell" rating in a research report on Monday, April 7th. Mizuho raised their price target on shares of EQT from $57.00 to $60.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. Stephens decreased their price target on shares of EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Finally, Morgan Stanley raised their price target 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 given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, EQT presently has an average rating of "Moderate Buy" and an average price target of $57.11.

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.