Stifel Financial Corp Buys 17,737 Shares of EQT Co. (NYSE:EQT)

Stifel Financial Corp grew its holdings in EQT Co. (NYSE:EQT - Free Report) by 5.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 321,518 shares of the oil and gas producer's stock after purchasing an additional 17,737 shares during the period. Stifel Financial Corp owned about 0.05% of EQT worth $14,825,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in EQT. Invesco Ltd. raised its stake in shares of EQT by 46.3% during the 4th quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer's stock worth $606,059,000 after purchasing an additional 4,162,065 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in EQT by 386.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,347,660 shares of the oil and gas producer's stock valued at $205,830,000 after acquiring an additional 3,454,741 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of EQT in the 4th quarter valued at about $113,924,000. Capital International Investors grew its position in shares of EQT by 21.3% in the 4th quarter. Capital International Investors now owns 13,855,244 shares of the oil and gas producer's stock valued at $638,867,000 after acquiring an additional 2,433,632 shares during the period. Finally, Clearbridge Investments LLC increased its stake in shares of EQT by 14.7% during the 4th quarter. Clearbridge Investments LLC now owns 13,829,938 shares of the oil and gas producer's stock worth $637,698,000 after purchasing an additional 1,774,696 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.

EQT Price Performance

Shares of EQT stock traded down $1.78 on Wednesday, reaching $49.44. The company had a trading volume of 11,850,837 shares, compared to its average volume of 7,826,130. The business's 50-day moving average is $50.21 and its 200 day moving average is $47.28. EQT Co. has a one year low of $30.02 and a one year high of $56.66. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $29.60 billion, a PE ratio of 123.60, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35.

EQT (NYSE:EQT - Get Free Report) last issued its 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. Equities research analysts forecast that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th will be given a $0.1575 dividend. The ex-dividend date is Wednesday, May 7th. This represents a $0.63 annualized dividend and a yield of 1.27%. EQT's dividend payout ratio is presently 110.53%.

Wall Street Analyst Weigh In

EQT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. UBS Group decreased their target price on EQT from $55.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. The Goldman Sachs Group reaffirmed a "reduce" rating on shares of EQT in a report on Wednesday, February 12th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $49.00 price objective on shares of EQT in a report on Monday, January 6th. Finally, Truist Financial lifted their price target on EQT from $41.00 to $56.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, EQT currently has a consensus rating of "Moderate Buy" and an average target price 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.