Siemens Fonds Invest GmbH Makes New Investment in EQT Co. (NYSE:EQT)

Siemens Fonds Invest GmbH acquired a new position in shares of EQT Co. (NYSE:EQT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,341 shares of the oil and gas producer’s stock, valued at approximately $108,000.

Several other hedge funds have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its stake in shares of EQT by 26.6% in 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 in the last quarter. Parkside Financial Bank & Trust increased its stake in shares of EQT by 22.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock valued at $48,000 after buying an additional 193 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of EQT in the fourth quarter valued at $55,000. First Horizon Advisors Inc. increased its stake in shares of 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 valued at $55,000 after buying an additional 298 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of EQT by 1,343.8% in the fourth quarter. Larson Financial Group LLC now owns 1,386 shares of the oil and gas producer’s stock valued at $64,000 after buying an additional 1,290 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

EQT Price Performance

Shares of EQT opened at $55.83 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. EQT Co. has a 1 year low of $30.02 and a 1 year high of $57.04. The stock has a market cap of $33.42 billion, a P/E ratio of 139.58, a price-to-earnings-growth ratio of 0.64 and a beta of 0.59. The stock’s 50-day moving average price is $51.59 and its two-hundred day moving average price is $48.90.

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

EQT Dividend Announcement

The business 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. This represents a $0.63 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Wednesday, May 7th. EQT’s dividend payout ratio (DPR) is currently 110.53%.

Analyst Ratings Changes

A number of analysts have recently weighed in on EQT shares. JPMorgan Chase & Co. raised their target price on EQT from $58.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, March 13th. The Goldman Sachs Group restated a “reduce” rating on shares of EQT in a research note on Wednesday, February 12th. Stephens lowered their target price on EQT from $59.00 to $57.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. StockNews.com lowered EQT from a “hold” rating to a “sell” rating in a research note on Monday, April 7th. Finally, Mizuho lifted their price objective on EQT from $57.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average 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.