5,655 Shares in EQT Co. (NYSE:EQT) Bought by Twinbeech Capital LP

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

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Tidal Investments LLC boosted its position in shares of EQT by 37.9% during the fourth quarter. Tidal Investments LLC now owns 83,878 shares of the oil and gas producer's stock valued at $3,868,000 after buying an additional 23,062 shares during the period. Summit Partners Public Asset Management LLC bought a new position in EQT in the fourth quarter worth approximately $13,752,000. Systematic Financial Management LP raised its stake in EQT by 16.3% in the fourth quarter. Systematic Financial Management LP now owns 24,385 shares of the oil and gas producer's stock worth $1,124,000 after buying an additional 3,415 shares in the last quarter. Sandia Investment Management LP bought a new position in EQT in the fourth quarter worth approximately $231,000. Finally, Snowden Capital Advisors LLC raised its stake in EQT by 4.8% in the fourth quarter. Snowden Capital Advisors LLC now owns 13,780 shares of the oil and gas producer's stock worth $635,000 after buying an additional 630 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company's stock.

Analyst Upgrades and Downgrades

EQT has been the subject of a number of recent research reports. The Goldman Sachs Group reissued a "reduce" rating on shares of EQT in a research note on Wednesday, February 12th. Mizuho upped 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. JPMorgan Chase & Co. upped their price target on EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Morgan Stanley upped their price target on EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Finally, Stephens cut their target price on EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $57.11.

EQT Price Performance

Shares of EQT traded down $0.09 during mid-day trading on Thursday, hitting $55.42. 1,110,609 shares of the company were exchanged, compared to its average volume of 7,885,067. EQT Co. has a 1-year low of $30.02 and a 1-year high of $57.37. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. The company has a 50 day moving average of $52.25 and a 200-day moving average of $49.70. The stock has a market cap of $33.17 billion, a price-to-earnings ratio of 138.63, a price-to-earnings-growth ratio of 0.64 and a beta of 0.59.

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 for the quarter, topping the consensus estimate of $0.98 by $0.20. EQT had a net margin of 4.37% and a return on equity of 4.35%. The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.16 billion. Analysts expect that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th will be issued a $0.1575 dividend. The ex-dividend date is 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%.

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.