Susquehanna Fundamental Investments LLC Buys New Shares in EQT Co. (NYSE:EQT)

Susquehanna Fundamental Investments LLC bought a new stake in shares of EQT Co. (NYSE:EQT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 577,656 shares of the oil and gas producer's stock, valued at approximately $26,636,000. Susquehanna Fundamental Investments LLC owned 0.10% of EQT as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Bard Financial Services Inc. acquired a new stake in shares of EQT during the 3rd quarter valued at $878,000. Wilmington Savings Fund Society FSB bought a new position in EQT in the 3rd quarter worth $165,000. Blankinship & Foster LLC acquired a new position in shares of EQT during the 3rd quarter worth about $4,051,000. Tidal Investments LLC grew its holdings in EQT by 55.8% in the 3rd quarter. Tidal Investments LLC now owns 60,816 shares of the oil and gas producer's stock valued at $2,228,000 after buying an additional 21,789 shares during the last quarter. Finally, Synovus Financial Corp bought a new position in EQT in the 3rd quarter worth approximately $1,069,000. 90.81% of the stock is owned by institutional investors and hedge funds.

EQT Trading Down 3.5 %

EQT traded down $1.78 during trading on Wednesday, reaching $49.44. 9,743,891 shares of the company's stock were exchanged, compared to its average volume of 8,022,597. The company's fifty day moving average price is $50.21 and its 200-day moving average price is $47.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. The firm 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 Co. has a fifty-two week low of $48.96 and a fifty-two week high of $51.62.

EQT (NYSE:EQT - Get Free Report) last announced its quarterly earnings results 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. EQT had a return on equity of 4.35% and a net margin of 4.37%. The company had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.16 billion. As a group, equities analysts forecast that EQT Co. will post 3.27 EPS for the current year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors 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 1.27%. EQT's payout ratio is 110.53%.

Analysts Set New Price Targets

Several equities analysts recently commented on EQT shares. The Goldman Sachs Group reiterated a "reduce" rating on shares of EQT in a research note on Wednesday, February 12th. Sanford C. Bernstein raised shares of EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price target on the stock in a report on Wednesday, January 15th. Piper Sandler lowered their target price on shares of EQT from $36.00 to $35.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley raised their price target on shares of EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $55.39.

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.