International Assets Investment Management LLC Purchases Shares of 54,877 EQT Co. (NYSE:EQT)

International Assets Investment Management LLC purchased a new stake in EQT Co. (NYSE:EQT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 54,877 shares of the oil and gas producer's stock, valued at approximately $21,220,000.

A number of other institutional investors have also recently added to or reduced their stakes in EQT. BKM Wealth Management LLC purchased a new position in EQT in the 4th quarter valued at $40,000. Allworth Financial LP lifted its holdings in EQT by 26.9% in the 3rd quarter. Allworth Financial LP now owns 1,332 shares of the oil and gas producer's stock valued at $54,000 after purchasing an additional 282 shares in the last quarter. First Command Advisory Services Inc. purchased a new position in EQT in the 3rd quarter valued at $54,000. Massmutual Trust Co. FSB ADV lifted its holdings in EQT by 52.6% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,563 shares of the oil and gas producer's stock valued at $60,000 after purchasing an additional 539 shares in the last quarter. Finally, CX Institutional purchased a new position in EQT in the 4th quarter valued at $64,000. Institutional investors and hedge funds own 90.81% of the company's stock.

EQT Stock Performance

Shares of NYSE EQT traded up $0.79 during mid-day trading on Friday, hitting $40.27. The company had a trading volume of 5,993,122 shares, compared to its average volume of 6,693,795. The stock has a market cap of $17.78 billion, a price-to-earnings ratio of 29.18 and a beta of 1.09. EQT Co. has a 12 month low of $30.84 and a 12 month high of $45.23. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.88. The firm's 50 day simple moving average is $36.82 and its two-hundred day simple moving average is $37.77.

EQT (NYSE:EQT - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The oil and gas producer reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.17. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.58 billion. EQT had a return on equity of 4.57% and a net margin of 10.96%. The firm's revenue for the quarter was down 28.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.70 EPS. As a group, equities research analysts forecast that EQT Co. will post 1.14 earnings per share for the current year.

EQT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 8th will be paid a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.56%. The ex-dividend date is Tuesday, May 7th. EQT's payout ratio is currently 45.65%.

Analyst Upgrades and Downgrades

EQT has been the topic of a number of research reports. Piper Sandler restated an "overweight" rating and issued a $46.00 price objective (up previously from $41.00) on shares of EQT in a report on Tuesday, April 30th. Mizuho raised their price objective on EQT from $40.00 to $43.00 and gave the company a "neutral" rating in a report on Friday, April 26th. Morgan Stanley lifted their price target on EQT from $37.00 to $49.00 and gave the stock an "overweight" rating in a report on Wednesday, April 17th. Sanford C. Bernstein upgraded EQT from an "underperform" rating to a "market perform" rating and lifted their price target for the stock from $27.00 to $34.00 in a report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $37.00 price target (down previously from $39.00) on shares of EQT in a report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, EQT currently has an average rating of "Hold" and a consensus target price of $44.56.

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.