The Manufacturers Life Insurance Company cut its stake in EQT Co. (NYSE:EQT - Free Report) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,089,480 shares of the oil and gas producer's stock after selling 10,873 shares during the period. The Manufacturers Life Insurance Company owned about 0.35% of EQT worth $96,346,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of EQT. EverSource Wealth Advisors LLC grew its position in shares of EQT by 26.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock worth $45,000 after buying an additional 205 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in 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 acquiring an additional 193 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of EQT in the 4th quarter valued at approximately $55,000. First Horizon Advisors Inc. raised its holdings in shares of EQT by 33.1% in the 4th quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer's stock valued at $55,000 after purchasing an additional 298 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings 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 in the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
EQT has been the topic of several recent analyst reports. Piper Sandler dropped their target price on EQT from $36.00 to $35.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Truist Financial raised 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. Mizuho upped their price target on EQT from $57.00 to $60.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Stephens cut their price objective on shares of EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Finally, UBS Group lowered their target price on shares of EQT from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $55.39.
Check Out Our Latest Analysis on EQT
EQT Stock Performance
EQT stock traded up $1.44 during trading hours on Friday, reaching $51.80. 6,651,883 shares of the stock were exchanged, compared to its average volume of 7,830,696. The stock has a market cap of $31.01 billion, a P/E ratio of 129.50, a P/E/G ratio of 0.64 and a beta of 1.35. The firm's 50 day moving average is $50.27 and its 200 day moving average is $47.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. EQT Co. has a 52-week low of $30.02 and a 52-week high of $56.66.
EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, topping 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 business had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.16 billion. Analysts predict that EQT Co. will post 3.27 EPS for the current fiscal year.
EQT Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th will be paid a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Wednesday, May 7th. EQT's dividend payout ratio (DPR) is 110.53%.
EQT Profile
(
Free Report)
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.
Featured Stories
Before you consider EQT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EQT wasn't on the list.
While EQT currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
