Point72 Europe London LLP Purchases Shares of 147,151 EQT Co. (NYSE:EQT)

Point72 Europe London LLP bought a new stake in EQT Co. (NYSE:EQT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 147,151 shares of the oil and gas producer's stock, valued at approximately $6,785,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Parkside Financial Bank & Trust raised its position in shares of EQT by 22.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock worth $48,000 after buying an additional 193 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in EQT by 26.6% during the 4th 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 in the last quarter. Wilmington Savings Fund Society FSB increased its position in shares of EQT by 4.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer's stock valued at $218,000 after purchasing an additional 223 shares during the period. Huntington National Bank raised its stake in shares of EQT by 7.4% in the 4th quarter. Huntington National Bank now owns 3,265 shares of the oil and gas producer's stock worth $151,000 after buying an additional 224 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in EQT by 15.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer's stock worth $79,000 after acquiring an additional 236 shares in the last quarter. Institutional investors own 90.81% of the company's stock.

EQT Trading Down 0.0%

EQT opened at $56.18 on Thursday. The company's 50 day moving average is $51.28 and its 200-day moving average is $48.49. The company has a market cap of $33.63 billion, a P/E ratio of 140.45, a PEG ratio of 0.64 and a beta of 0.59. EQT Co. has a 1-year low of $30.02 and a 1-year high of $56.67. 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 posted its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.20. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. Equities research analysts predict that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th will be paid a dividend of $0.1575 per share. The ex-dividend date is Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a yield of 1.12%. EQT's dividend payout ratio (DPR) is presently 110.53%.

Analysts Set New Price Targets

Several research firms have recently weighed in on EQT. Citigroup raised their price objective on EQT from $51.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. TD Cowen upgraded EQT from a "hold" rating to a "buy" rating and set a $54.00 target price for the company in a report on Tuesday, April 8th. StockNews.com lowered EQT from a "hold" rating to a "sell" rating in a research report on Monday, April 7th. Stephens decreased their price objective on EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. lifted their target price on EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. Two research 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 stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $56.67.

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.

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