Glenorchy Capital Ltd Has $2.16 Million Stake in EQT Co. (NYSE:EQT)

Glenorchy Capital Ltd lessened its stake in shares of EQT Co. (NYSE:EQT) by 0.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 46,755 shares of the oil and gas producer’s stock after selling 445 shares during the period. EQT accounts for about 1.3% of Glenorchy Capital Ltd’s portfolio, making the stock its 23rd largest position. Glenorchy Capital Ltd’s holdings in EQT were worth $2,156,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of EQT by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 72,530,286 shares of the oil and gas producer’s stock worth $3,344,371,000 after purchasing an additional 358,649 shares during the period. Geode Capital Management LLC increased its stake in EQT by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 14,427,307 shares of the oil and gas producer’s stock valued at $663,552,000 after purchasing an additional 429,733 shares in the last quarter. Capital International Investors raised its holdings in EQT by 21.3% during the fourth quarter. Capital International Investors now owns 13,855,244 shares of the oil and gas producer’s stock worth $638,867,000 after buying an additional 2,433,632 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of EQT by 14.7% in the fourth quarter. Clearbridge Investments LLC now owns 13,829,938 shares of the oil and gas producer’s stock valued at $637,698,000 after buying an additional 1,774,696 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of EQT by 46.3% during the fourth quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer’s stock valued at $606,059,000 after buying an additional 4,162,065 shares during the last quarter. 90.81% of the stock is owned by institutional investors.

EQT Price Performance

Shares of NYSE:EQT opened at $55.28 on Friday. The company has a 50-day moving average price of $50.81 and a two-hundred day moving average price of $48.10. EQT Co. has a twelve month low of $30.02 and a twelve month high of $56.66. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $33.09 billion, a PE ratio of 138.20, a P/E/G ratio of 0.64 and a beta of 0.59.

EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, topping the consensus estimate of $0.98 by $0.20. The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.16 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. Equities analysts forecast that EQT Co. will post 3.27 EPS for the current year.

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors 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 dividend on an annualized basis and a yield of 1.14%. EQT’s dividend payout ratio (DPR) is 110.53%.

Wall Street Analyst Weigh In

EQT has been the topic of several recent research reports. Truist Financial raised 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. Citigroup upped their price target on EQT from $51.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, March 17th. Stephens cut their price objective on shares of EQT from $59.00 to $57.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Finally, Wells Fargo & Company upped their target price on shares of EQT from $53.00 to $58.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 19th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $55.94.

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.