9,802 Shares in EQT Co. (NYSE:EQT) Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC purchased a new position in EQT Co. (NYSE:EQT) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 9,802 shares of the oil and gas producer’s stock, valued at approximately $379,000.

Several other hedge funds have also made changes to their positions in EQT. Capital World Investors bought a new stake in shares of EQT in the 1st quarter worth approximately $497,156,000. Wellington Management Group LLP lifted its holdings in shares of EQT by 61.9% in the 3rd quarter. Wellington Management Group LLP now owns 19,687,594 shares of the oil and gas producer’s stock worth $798,923,000 after purchasing an additional 7,526,875 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of EQT by 6,029.6% in the 1st quarter. Renaissance Technologies LLC now owns 6,424,264 shares of the oil and gas producer’s stock worth $221,059,000 after purchasing an additional 6,319,457 shares during the last quarter. PointState Capital LP bought a new stake in shares of EQT in the 1st quarter worth approximately $163,646,000. Finally, Clearbridge Investments LLC raised its stake in EQT by 66.1% during the 1st quarter. Clearbridge Investments LLC now owns 11,115,761 shares of the oil and gas producer’s stock valued at $382,493,000 after acquiring an additional 4,423,003 shares in the last quarter. Institutional investors own 90.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. reissued a “neutral” rating and set a $37.00 price target (down from $39.00) on shares of EQT in a report on Wednesday, March 20th. Piper Sandler boosted their price target on shares of EQT from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, March 7th. StockNews.com upgraded shares of EQT to a “sell” rating in a report on Tuesday, March 12th. Sanford C. Bernstein upgraded shares of EQT from an “underperform” rating to a “market perform” rating and raised their price objective for the company from $27.00 to $34.00 in a research note on Wednesday, April 10th. Finally, Jefferies Financial Group upped their target price on EQT from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, EQT presently has a consensus rating of “Hold” and a consensus target price of $43.13.

EQT Trading Down 0.5 %

NYSE:EQT opened at $36.03 on Thursday. The stock has a fifty day simple moving average of $35.85 and a 200 day simple moving average of $38.09. The firm has a market capitalization of $15.87 billion, a price-to-earnings ratio of 8.48 and a beta of 1.12. EQT Co. has a 1-year low of $30.84 and a 1-year high of $45.23. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.37.

EQT (NYSE:EQT) last announced its earnings results on Tuesday, February 13th. The oil and gas producer reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. EQT had a net margin of 25.12% and a return on equity of 7.12%. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the company posted $0.42 earnings per share. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. Sell-side analysts forecast that EQT Co. will post 1.31 earnings per share for the current year.

EQT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 8th will be paid a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.75%. EQT’s dividend payout ratio (DPR) is currently 14.82%.

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.