EQT Co. (NYSE:EQT) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its holdings in shares of EQT Co. (NYSE:EQT - Free Report) by 45.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 898,534 shares of the oil and gas producer's stock after buying an additional 282,128 shares during the quarter. Hsbc Holdings PLC owned about 0.15% of EQT worth $41,491,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its stake in EQT by 26.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock valued at $45,000 after acquiring an additional 205 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of EQT by 22.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock worth $48,000 after acquiring an additional 193 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in EQT during the 4th quarter valued at about $55,000. First Horizon Advisors Inc. increased its stake in EQT by 33.1% during the 4th quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer's stock valued at $55,000 after purchasing an additional 298 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in 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 worth $64,000 after buying an additional 1,290 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company's stock.

EQT Stock Performance

Shares of NYSE EQT traded up $1.04 during trading on Thursday, reaching $50.48. 2,895,283 shares of the company traded hands, compared to its average volume of 8,688,325. The firm's fifty day simple moving average is $50.20 and its 200 day simple moving average is $47.30. EQT Co. has a 12-month low of $30.02 and a 12-month high of $56.66. The stock has a market cap of $30.22 billion, a P/E ratio of 126.20, a PEG ratio of 0.64 and a beta of 1.35. 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 issued its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share 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 firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. As a group, research analysts anticipate that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th will be paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Wednesday, May 7th. EQT's dividend payout ratio (DPR) is presently 110.53%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Jefferies Financial Group boosted their price target on EQT from $45.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Scotiabank downgraded EQT from a "sector outperform" rating to a "sector perform" rating and lowered their target price for the company from $55.00 to $54.00 in a research report on Friday, January 17th. Sanford C. Bernstein raised EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price objective on the stock in a research note on Wednesday, January 15th. Piper Sandler cut their price objective on EQT from $36.00 to $35.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, EQT has a consensus rating of "Moderate Buy" and an average price target of $55.39.

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.