Two Creeks Capital Management LP Takes Position in EQT Co. (NYSE:EQT)

Two Creeks Capital Management LP acquired a new position in shares of EQT Co. (NYSE:EQT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,098,617 shares of the oil and gas producer's stock, valued at approximately $50,657,000. EQT accounts for approximately 3.1% of Two Creeks Capital Management LP's portfolio, making the stock its 17th biggest position. Two Creeks Capital Management LP owned 0.18% of EQT as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of EQT. EverSource Wealth Advisors LLC lifted its position in shares of EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock worth $45,000 after purchasing an additional 205 shares during the last quarter. Parkside Financial Bank & Trust lifted 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 buying an additional 193 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of EQT during the 4th quarter worth about $55,000. First Horizon Advisors Inc. increased 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 acquiring an additional 298 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in shares of EQT by 1,343.8% during the 4th quarter. Larson Financial Group LLC now owns 1,386 shares of the oil and gas producer's stock worth $64,000 after acquiring an additional 1,290 shares in the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

EQT Stock Performance

Shares of NYSE:EQT traded up $0.51 during midday trading on Monday, hitting $50.75. The stock had a trading volume of 2,749,877 shares, compared to its average volume of 7,782,473. EQT Co. has a 1 year low of $30.02 and a 1 year high of $56.66. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average price of $50.31 and a two-hundred day moving average price of $47.16. The company has a market capitalization of $30.38 billion, a PE ratio of 126.89, a P/E/G ratio of 0.64 and a beta of 1.35.

EQT (NYSE:EQT - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. As a group, equities analysts predict that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th will be issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Wednesday, May 7th. EQT's dividend payout ratio (DPR) is currently 110.53%.

Wall Street Analyst Weigh In

EQT has been the topic of several recent analyst reports. Royal Bank of Canada reiterated a "sector perform" rating and issued a $49.00 price target on shares of EQT in a research note on Monday, January 6th. Truist Financial boosted their price target on shares of EQT from $41.00 to $56.00 and gave the company a "hold" rating in a research report on Monday, January 13th. StockNews.com lowered EQT from a "hold" rating to a "sell" rating in a report on Monday, April 7th. Jefferies Financial Group boosted their target price on EQT from $45.00 to $55.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Finally, Morgan Stanley lifted their price target on EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a research report on Thursday. Two equities research 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $55.39.

EQT Company 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.