EQT Co. (NYSE:EQT) Shares Purchased by Candriam S.C.A.

Candriam S.C.A. boosted its stake in EQT Co. (NYSE:EQT) by 13.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,087 shares of the oil and gas producer’s stock after purchasing an additional 5,080 shares during the period. Candriam S.C.A.’s holdings in EQT were worth $1,941,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new position in EQT in the 3rd quarter valued at about $30,000. Quarry LP boosted its position in EQT by 184.7% in the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 578 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in EQT in the 3rd quarter valued at about $36,000. Financial Avengers Inc. boosted 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. Finally, Parkside Financial Bank & Trust boosted its position in EQT by 22.7% in 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 buying an additional 193 shares during the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on EQT shares. JPMorgan Chase & Co. upped their price objective on shares of EQT from $53.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Sanford C. Bernstein raised shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price objective for the company in a research report on Wednesday, January 15th. Scotiabank cut shares of EQT from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from $55.00 to $54.00 in a research report on Friday, January 17th. Truist Financial increased their price target 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. Finally, Piper Sandler increased their price target on shares of EQT from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, EQT currently has a consensus rating of “Hold” and a consensus target price of $52.44.

EQT Price Performance

EQT opened at $46.96 on Monday. The firm has a market cap of $28.06 billion, a price-to-earnings ratio of 117.40, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $56.66. The company’s 50-day moving average price is $50.58 and its 200 day moving average price is $43.03. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37.

EQT (NYSE:EQT) last announced its quarterly earnings results 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 company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. As a group, sell-side analysts expect that EQT Co. will post 3.27 earnings per share for the current year.

EQT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a $0.1575 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 annualized dividend and a dividend yield of 1.34%. EQT’s payout ratio is currently 157.50%.

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.