34,561 Shares in EQT Co. (NYSE:EQT) Purchased by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of EQT Co. (NYSE:EQT) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 34,561 shares of the oil and gas producer’s stock, valued at approximately $1,594,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EQT. EverSource Wealth Advisors LLC grew its stake 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 valued at $45,000 after buying an additional 205 shares during the last quarter. Parkside Financial Bank & Trust boosted 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 valued at $48,000 after acquiring an additional 193 shares during the period. Stonebridge Financial Group LLC bought a new position in EQT in the 4th quarter valued at $55,000. First Horizon Advisors Inc. increased its stake in EQT by 33.1% in the fourth quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer’s stock worth $55,000 after purchasing an additional 298 shares during the period. Finally, Larson Financial Group LLC lifted its position in shares of EQT by 1,343.8% during the fourth quarter. Larson Financial Group LLC now owns 1,386 shares of the oil and gas producer’s stock worth $64,000 after purchasing an additional 1,290 shares during the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on EQT shares. Citigroup upped their price target on shares of EQT from $51.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, March 17th. The Goldman Sachs Group restated a “reduce” rating on shares of EQT in a research note on Wednesday, February 12th. Piper Sandler lifted their price target on shares of EQT from $35.00 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday. Morgan Stanley boosted their price target on EQT from $62.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. Finally, UBS Group upgraded EQT from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $54.00 to $64.00 in a report on Monday, May 5th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $56.67.

EQT Trading Down 0.0%

Shares of NYSE EQT opened at $56.18 on Thursday. EQT Co. has a 1-year low of $30.02 and a 1-year high of $56.67. The business has a fifty day moving average price of $51.28 and a 200 day moving average price of $48.49. The stock has a market capitalization of $33.63 billion, a P/E ratio of 140.45, a price-to-earnings-growth ratio of 0.64 and a beta of 0.59. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51.

EQT (NYSE:EQT) last announced its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS 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 during the quarter, compared to the consensus estimate of $2.16 billion. Equities research analysts expect that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The company also recently disclosed 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 of this dividend is Wednesday, May 7th. This represents a $0.63 annualized dividend and a dividend yield of 1.12%. EQT’s dividend payout ratio (DPR) is presently 110.53%.

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.