MGO One Seven LLC Has $888,000 Holdings in EQT Co. (NYSE:EQT)

MGO One Seven LLC boosted its stake in shares of EQT Co. (NYSE:EQT - Free Report) by 144.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,249 shares of the oil and gas producer's stock after purchasing an additional 11,367 shares during the period. MGO One Seven LLC's holdings in EQT were worth $888,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised its position in EQT by 26.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock valued at $45,000 after purchasing an additional 205 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of 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 worth $48,000 after purchasing an additional 193 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in EQT in the 4th quarter valued at about $55,000. First Horizon Advisors Inc. raised its holdings in shares of EQT by 33.1% in 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 acquiring an additional 298 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in shares of EQT by 1,343.8% in the 4th 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 last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

EQT Trading Down 3.5 %

Shares of EQT stock traded down $1.78 during trading on Wednesday, hitting $49.44. The stock had a trading volume of 11,850,837 shares, compared to its average volume of 7,826,131. The stock has a 50 day simple moving average of $50.21 and a 200 day simple moving average of $47.28. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. EQT Co. has a 1 year low of $30.02 and a 1 year high of $56.66. The company has a market capitalization of $29.60 billion, a PE ratio of 123.60, a P/E/G ratio of 0.64 and a beta of 1.35.

EQT (NYSE:EQT - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS 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 company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.16 billion. On average, research analysts expect that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders 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 1.27%. The ex-dividend date is Wednesday, May 7th. EQT's payout ratio is 110.53%.

Analyst Ratings Changes

A number of equities analysts have issued reports on EQT shares. UBS Group lowered their price target on EQT from $55.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Jefferies Financial Group upped 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. Mizuho increased their price target on shares of EQT from $57.00 to $60.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. StockNews.com cut EQT from a "hold" rating to a "sell" rating in a research note on Monday, April 7th. Finally, Truist Financial lifted their target price on EQT from $41.00 to $56.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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.