Signaturefd LLC Acquires 1,922 Shares of EQT Co. (NYSE:EQT)

Signaturefd LLC grew its holdings in EQT Co. (NYSE:EQT) by 21.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,934 shares of the oil and gas producer’s stock after purchasing an additional 1,922 shares during the quarter. Signaturefd LLC’s holdings in EQT were worth $504,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Wellington Management Group LLP raised its holdings in shares of EQT by 38.7% in the 3rd quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer’s stock valued at $2,716,968,000 after purchasing an additional 20,700,921 shares in the last quarter. State Street Corp grew its position in shares of EQT by 24.5% in the 3rd quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer’s stock worth $1,359,183,000 after buying an additional 7,290,822 shares during the last quarter. Geode Capital Management LLC grew its position in shares of EQT by 34.4% in the 3rd quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer’s stock worth $511,159,000 after buying an additional 3,582,418 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of EQT by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,093,857 shares of the oil and gas producer’s stock worth $234,878,000 after buying an additional 80,799 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of EQT by 386.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,347,660 shares of the oil and gas producer’s stock worth $205,830,000 after buying an additional 3,454,741 shares during the last quarter. Institutional investors own 90.81% of the company’s stock.

EQT Stock Performance

Shares of NYSE EQT opened at $53.74 on Friday. 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 12 month low of $30.02 and a 12 month high of $56.66. The company has a 50 day simple moving average of $51.17 and a two-hundred day simple moving average of $43.99. The stock has a market cap of $32.11 billion, a price-to-earnings ratio of 134.36, a PEG ratio of 0.64 and a beta of 1.12.

EQT (NYSE:EQT) last announced its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.50 by $0.19. EQT had a net margin of 4.37% and a return on equity of 4.35%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.81 billion. As a group, analysts predict that EQT Co. will post 3.27 earnings per share for the current year.

EQT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT’s dividend payout ratio is currently 157.50%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on EQT shares. StockNews.com raised shares of EQT from a “sell” rating to a “hold” rating in a research report on Friday, March 14th. Truist Financial lifted their price objective on shares of EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Mizuho raised shares of EQT from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $48.00 to $57.00 in a research report on Monday, December 16th. UBS Group lifted their price objective on shares of EQT from $54.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Finally, Scotiabank downgraded shares of EQT from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $55.00 to $54.00 in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $54.50.

EQT 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.