EQT Co. (NYSE:EQT) Holdings Raised by Systematic Financial Management LP

Systematic Financial Management LP grew its position in EQT Co. (NYSE:EQT) by 16.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,385 shares of the oil and gas producer’s stock after acquiring an additional 3,415 shares during the quarter. Systematic Financial Management LP’s holdings in EQT were worth $1,124,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust boosted its position 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 purchasing an additional 193 shares during the period. EverSource Wealth Advisors LLC boosted its position in EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock valued at $45,000 after purchasing an additional 205 shares during the period. Wilmington Savings Fund Society FSB boosted its position in EQT by 4.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer’s stock valued at $218,000 after purchasing an additional 223 shares during the period. Huntington National Bank boosted its position in EQT by 7.4% during the 4th quarter. Huntington National Bank now owns 3,265 shares of the oil and gas producer’s stock valued at $151,000 after purchasing an additional 224 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its position in EQT by 15.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer’s stock valued at $79,000 after purchasing an additional 236 shares during the period. 90.81% of the stock is currently owned by institutional investors.

EQT Stock Down 0.3%

Shares of EQT opened at $55.83 on Friday. The firm has a market capitalization of $33.42 billion, a price-to-earnings ratio of 139.58, a PEG ratio of 0.64 and a beta of 0.59. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. The business’s fifty day moving average price is $51.59 and its two-hundred day moving average price is $48.81. EQT Co. has a 52 week low of $30.02 and a 52 week high of $57.04.

EQT (NYSE:EQT) last posted its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.20. EQT had a return on equity of 4.35% and a net margin of 4.37%. The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. On average, analysts predict that EQT Co. will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

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 dividend of $0.1575 per share. The ex-dividend date is Wednesday, May 7th. This represents a $0.63 annualized dividend and a yield of 1.13%. EQT’s dividend payout ratio is presently 110.53%.

Analysts Set New Price Targets

A number of research firms recently issued reports on EQT. Stephens reduced their price objective on EQT from $59.00 to $57.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. Piper Sandler boosted their price objective on EQT from $35.00 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday, May 13th. Wells Fargo & Company boosted their price target on EQT from $53.00 to $58.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 19th. The Goldman Sachs Group reiterated a “reduce” rating on shares of EQT in a research report on Wednesday, February 12th. Finally, StockNews.com lowered EQT from a “hold” rating to a “sell” rating in a research report on Monday, April 7th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.67.

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.