Valeo Financial Advisors LLC Purchases 5,931 Shares of EQT Corporation (NYSE:EQT)

Valeo Financial Advisors LLC lifted its stake in EQT Corporation (NYSE:EQT - Free Report) by 67.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,669 shares of the oil and gas producer's stock after acquiring an additional 5,931 shares during the period. Valeo Financial Advisors LLC's holdings in EQT were worth $784,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EQT. University of Texas Texas AM Investment Management Co. boosted its stake in EQT by 47.7% in 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 during the period. EverSource Wealth Advisors LLC lifted its holdings 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 buying an additional 205 shares in the last quarter. Mascagni Wealth Management Inc. bought a new position in shares of EQT in the fourth quarter valued at approximately $55,000. Larson Financial Group LLC grew its stake in EQT by 1,343.8% during 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 acquiring an additional 1,290 shares in the last quarter. Finally, Colonial Trust Co SC grew its stake in 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 acquiring an additional 1,022 shares in the last quarter. 90.81% of the stock is owned by institutional investors.

EQT Trading Up 1.5%

Shares of EQT stock traded up $0.81 on Friday, hitting $55.33. 5,152,372 shares of the company's stock traded hands, compared to its average volume of 8,043,542. The stock has a market capitalization of $33.13 billion, a price-to-earnings ratio of 97.07, a P/E/G ratio of 0.34 and a beta of 0.65. The company's fifty day simple moving average is $56.14 and its 200 day simple moving average is $52.39. EQT Corporation has a one year low of $30.02 and a one year high of $61.02. 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 announced its quarterly earnings data 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 return on equity of 5.52% and a net margin of 6.59%. Equities analysts forecast that EQT Corporation will post 3.27 EPS for the current year.

EQT Announces Dividend

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

Wall Street Analysts Forecast Growth

EQT has been the topic of several recent analyst reports. Barclays initiated coverage on shares of EQT in a research note on Monday. They issued an "overweight" rating and a $65.00 target price on the stock. Stephens dropped their price objective on EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. JPMorgan Chase & Co. boosted their target price on EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Jefferies Financial Group restated a "buy" rating and issued a $70.00 target price (up from $60.00) on shares of EQT in a research note on Tuesday. Finally, Piper Sandler lifted their price target on EQT from $35.00 to $48.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $60.15.

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.