Teachers Retirement System of The State of Kentucky Has $2.53 Million Position in EQT Corporation (NYSE:EQT)

Teachers Retirement System of The State of Kentucky lifted its holdings in EQT Corporation (NYSE:EQT - Free Report) by 32.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,302 shares of the oil and gas producer's stock after buying an additional 11,477 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in EQT were worth $2,528,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of EQT. University of Texas Texas AM Investment Management Co. raised its stake 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 worth $44,000 after purchasing an additional 310 shares in the last quarter. Mascagni Wealth Management Inc. bought a new stake in shares of EQT in the fourth quarter valued at about $55,000. Colonial Trust Co SC increased its position 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 during the period. Montag A & Associates Inc. acquired a new position in shares of EQT in the 1st quarter valued at $77,000. Finally, Altshuler Shaham Ltd acquired a new stake in EQT during the fourth quarter valued at approximately $70,000. Hedge funds and other institutional investors own 90.81% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on EQT. Stephens dropped their price objective 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. TD Cowen raised 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. Wells Fargo & Company upped their target price on shares of EQT from $59.00 to $63.00 and gave the company an "overweight" rating in a research report on Monday, June 16th. Royal Bank Of Canada upped their target price on shares of EQT from $55.00 to $60.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 8th. Finally, Morgan Stanley restated an "overweight" rating on shares of EQT in a report on Tuesday, July 15th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $60.63.

EQT Price Performance

Shares of NYSE EQT opened at $54.47 on Wednesday. The firm's 50-day moving average price is $56.63 and its 200-day moving average price is $52.95. The firm has a market capitalization of $32.62 billion, a P/E ratio of 95.56, a P/E/G ratio of 0.34 and a beta of 0.65. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.33. EQT Corporation has a 1-year low of $30.02 and a 1-year high of $61.02.

EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The oil and gas producer reported $0.45 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.07). The firm had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.78 billion. EQT had a net margin of 6.59% and a return on equity of 5.52%. During the same quarter last year, the business posted ($0.08) EPS. Equities research analysts anticipate that EQT Corporation will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 6th will be issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Wednesday, August 6th. EQT's payout ratio is currently 110.53%.

About EQT

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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