FORA Capital LLC Purchases Shares of 15,359 EQT Co. (NYSE:EQT)

FORA Capital LLC acquired a new position in shares of EQT Co. (NYSE:EQT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,359 shares of the oil and gas producer's stock, valued at approximately $708,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Deutsche Bank AG lifted its holdings in shares of EQT by 30.9% in the fourth quarter. Deutsche Bank AG now owns 2,012,178 shares of the oil and gas producer's stock worth $92,782,000 after acquiring an additional 475,565 shares during the last quarter. Driehaus Capital Management LLC acquired a new position in EQT during the 4th quarter worth approximately $396,000. Drummond Knight Asset Management Pty Ltd bought a new position in EQT in the 4th quarter valued at approximately $10,289,000. Colonial Trust Co SC boosted its position in EQT by 255.5% in 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 buying an additional 1,022 shares in the last quarter. Finally, CoreCommodity Management LLC bought a new stake in shares of EQT during the fourth quarter worth $231,000. 90.81% of the stock is currently owned by institutional investors.

EQT Trading Up 3.1%

Shares of EQT stock traded up $1.69 on Tuesday, hitting $56.18. 8,423,009 shares of the company's stock traded hands, compared to its average volume of 7,920,281. The company has a fifty day moving average of $50.90 and a two-hundred day moving average of $48.38. EQT Co. has a one year low of $30.02 and a one year high of $56.81. The company has a market capitalization of $33.63 billion, a price-to-earnings ratio of 140.45, a price-to-earnings-growth 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.

EQT (NYSE:EQT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.20. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. As a group, sell-side analysts expect that EQT Co. will post 3.27 earnings per share for the current year.

EQT Announces Dividend

The business also recently declared 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. This represents a $0.63 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Wednesday, May 7th. EQT's payout ratio is 110.53%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EQT. Truist Financial raised their price objective on EQT from $41.00 to $56.00 and gave the company a "hold" rating in a report on Monday, January 13th. Mizuho lifted their price target on EQT from $57.00 to $60.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. The Goldman Sachs Group restated a "reduce" rating on shares of EQT in a report on Wednesday, February 12th. Scotiabank lowered shares of EQT from a "sector outperform" rating to a "sector perform" rating and dropped their price objective for the company from $55.00 to $54.00 in a report on Friday, January 17th. Finally, Morgan Stanley boosted their target price on shares of EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $56.67.

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.