Elo Mutual Pension Insurance Co Has $1.96 Million Stock Position in EQT Co. (NYSE:EQT)

Elo Mutual Pension Insurance Co lessened its holdings in EQT Co. (NYSE:EQT) by 15.2% during the fourth quarter, HoldingsChannel reports. The fund owned 42,567 shares of the oil and gas producer’s stock after selling 7,628 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in EQT were worth $1,963,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Quarry LP raised its stake in shares of EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 578 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in 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. Financial Avengers Inc. raised its position in EQT by 100.8% in the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock valued at $37,000 after buying an additional 504 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake 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 in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new position in EQT during the 4th quarter worth $55,000. Institutional investors own 90.81% of the company’s stock.

Analyst Ratings Changes

EQT has been the subject of several analyst reports. Mizuho upgraded shares of EQT from a “neutral” rating to an “outperform” rating and increased their target price for the company from $48.00 to $57.00 in a report on Monday, December 16th. Morgan Stanley reissued an “overweight” rating and set a $67.00 target price (up previously from $63.00) on shares of EQT in a research report on Wednesday. Truist Financial boosted their target price on EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. The Goldman Sachs Group reiterated a “reduce” rating on shares of EQT in a report on Wednesday, February 12th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $49.00 price objective on shares of EQT in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $55.11.

EQT Trading Up 1.4 %

Shares of EQT stock opened at $53.07 on Friday. The stock has a market capitalization of $31.71 billion, a price-to-earnings ratio of 132.68, a PEG ratio of 0.64 and a beta of 1.12. The company’s fifty day simple moving average is $51.38 and its two-hundred day simple moving average is $44.93. EQT Co. has a 1 year low of $30.02 and a 1 year high of $56.66. 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 quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.19. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. As a group, analysts anticipate that EQT Co. will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Tuesday, February 18th. EQT’s payout ratio is 157.50%.

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.