Stratos Investment Management LLC Invests $1.18 Million in EQT Corporation (NYSE:EQT)

Stratos Investment Management LLC acquired a new stake in EQT Corporation (NYSE:EQT - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 21,992 shares of the oil and gas producer's stock, valued at approximately $1,175,000.

Several other hedge funds and other institutional investors have also modified their holdings of EQT. University of Texas Texas AM Investment Management Co. raised its holdings in shares of EQT by 47.7% during the 4th 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 buying an additional 310 shares during the period. EverSource Wealth Advisors LLC grew its position 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 acquiring an additional 205 shares in the last quarter. Mascagni Wealth Management Inc. acquired a new position in EQT during the 4th quarter valued at approximately $55,000. Larson Financial Group LLC boosted its position in 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 purchasing an additional 1,290 shares during the period. Finally, Colonial Trust Co SC raised its stake in shares of EQT by 255.5% during the fourth quarter. Colonial Trust Co SC now owns 1,422 shares of the oil and gas producer's stock valued at $66,000 after purchasing an additional 1,022 shares in the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

EQT Price Performance

Shares of EQT stock traded up $0.81 during trading hours on Friday, hitting $55.33. The company had a trading volume of 5,152,372 shares, compared to its average volume of 8,061,017. The firm has a market capitalization of $33.13 billion, a price-to-earnings ratio of 97.07, a PEG ratio of 0.35 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 firm's fifty day moving average is $56.14 and its 200 day moving average is $52.45. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.57 and a current ratio of 0.57.

EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.20. The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.16 billion. EQT had a return on equity of 5.52% and a net margin of 6.59%. On average, sell-side analysts predict that EQT Corporation will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th were given a $0.1575 dividend. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a yield of 1.14%. EQT's payout ratio is 110.53%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Jefferies Financial Group reissued a "buy" rating and issued a $70.00 price objective (up previously from $60.00) on shares of EQT in a research note on Tuesday. Barclays began coverage on shares of EQT in a research note on Monday, July 7th. They set an "overweight" rating and a $65.00 target price for the company. Royal Bank Of Canada boosted their target price on EQT from $55.00 to $60.00 and gave the company a "sector perform" rating in a research note on Tuesday. TD Cowen raised EQT from a "hold" rating to a "buy" rating and set a $54.00 price target for the company in a research report on Tuesday, April 8th. Finally, Piper Sandler boosted their price target on EQT from $35.00 to $48.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, EQT presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.15.

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.