EQT Co. (NYSE:EQT) Stock Holdings Boosted by USS Investment Management Ltd

USS Investment Management Ltd lifted its holdings in EQT Co. (NYSE:EQT - Free Report) by 52.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,900 shares of the oil and gas producer's stock after acquiring an additional 13,800 shares during the quarter. USS Investment Management Ltd's holdings in EQT were worth $1,840,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EQT. EverSource Wealth Advisors LLC increased its stake in shares of EQT by 26.6% in the fourth 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 during the period. Parkside Financial Bank & Trust grew its position in 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 valued at $48,000 after buying an additional 193 shares during the period. Stonebridge Financial Group LLC acquired a new stake in EQT during the fourth quarter valued at $55,000. First Horizon Advisors Inc. grew its position in 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 period. Finally, Larson Financial Group LLC grew its position in shares of EQT by 1,343.8% in the fourth 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. Institutional investors and hedge funds own 90.81% of the company's stock.

EQT Stock Performance

Shares of EQT stock traded down $0.04 during mid-day trading on Thursday, hitting $55.46. The stock had a trading volume of 1,110,609 shares, compared to its average volume of 7,885,108. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $57.37. The firm has a market cap of $33.20 billion, a PE ratio of 138.63, a PEG ratio of 0.64 and a beta of 0.59. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The company's 50-day simple moving average is $52.25 and its 200-day simple moving average is $49.70.

EQT (NYSE:EQT - Get Free Report) last announced 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. EQT had a net margin of 4.37% and a return on equity of 4.35%. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.16 billion. Sell-side analysts anticipate that EQT Co. will post 3.27 earnings per share for the current year.

EQT Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Piper Sandler raised their price target on shares of EQT from $35.00 to $48.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. The Goldman Sachs Group reissued a "reduce" rating on shares of EQT in a research report on Wednesday, February 12th. Stephens dropped their target price on shares of EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Citigroup increased their target price on shares of EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, March 17th. Finally, Wall Street Zen downgraded shares of EQT from a "hold" rating to a "sell" rating in a research report on Monday, April 7th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, EQT presently has a consensus rating of "Moderate Buy" and an average price target of $57.11.

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.