Twinbeech Capital LP Buys Shares of 5,655 EQT Co. (NYSE:EQT)

Twinbeech Capital LP bought a new stake in shares of EQT Co. (NYSE:EQT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,655 shares of the oil and gas producer's stock, valued at approximately $261,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted 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 purchasing an additional 205 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of EQT by 22.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock worth $48,000 after buying an additional 193 shares during the period. Stonebridge Financial Group LLC acquired a new stake in shares of EQT during the fourth quarter worth $55,000. First Horizon Advisors Inc. grew its holdings in shares of EQT by 33.1% during 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 buying an additional 298 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in shares of EQT by 1,343.8% in 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 during the period. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

EQT Price Performance

EQT traded down $1.11 during trading on Wednesday, hitting $55.45. The company's stock had a trading volume of 5,032,053 shares, compared to its average volume of 7,904,931. The firm has a market capitalization of $33.19 billion, a price-to-earnings ratio of 138.63, a P/E/G ratio of 0.64 and a beta of 0.59. EQT Co. has a twelve month low of $30.02 and a twelve month high of $57.37. The business's fifty day simple moving average is $52.20 and its 200 day simple moving average is $49.66. 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 (NYSE:EQT - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.20. The firm had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.16 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. On average, equities research analysts forecast that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th will be given a $0.1575 dividend. The ex-dividend date is Wednesday, May 7th. This represents a $0.63 annualized dividend and a dividend yield of 1.14%. EQT's dividend payout ratio (DPR) is 110.53%.

Wall Street Analyst Weigh In

A number of analysts have commented on EQT shares. Wall Street Zen cut EQT from a "hold" rating to a "sell" rating in a research report on Monday, April 7th. TD Cowen upgraded 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. Citigroup raised their target price on shares of EQT from $51.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, March 17th. Morgan Stanley upped their price target on shares of EQT from $62.00 to $65.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Finally, Wells Fargo & Company increased their price target on EQT from $53.00 to $58.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $57.11.

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.