Korea Investment CORP Has $21.41 Million Stake in EQT Co. (NYSE:EQT)

Korea Investment CORP lifted its holdings in shares of EQT Co. (NYSE:EQT) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 464,304 shares of the oil and gas producer’s stock after purchasing an additional 34,331 shares during the quarter. Korea Investment CORP’s holdings in EQT were worth $21,409,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of EQT. Quarry LP raised its holdings in EQT by 184.7% during the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 578 shares during the period. Financial Avengers Inc. raised its holdings in shares of EQT by 100.8% during the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock worth $37,000 after acquiring an additional 504 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of EQT by 26.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock worth $45,000 after acquiring an additional 205 shares during the period. Parkside Financial Bank & Trust boosted its stake 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 worth $48,000 after purchasing an additional 193 shares during the period. Finally, Stonebridge Financial Group LLC bought a new position in EQT during the 4th quarter worth about $55,000. Institutional investors own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on EQT shares. StockNews.com upgraded EQT from a “sell” rating to a “hold” rating in a report on Tuesday, March 25th. Wells Fargo & Company boosted their target price on EQT from $53.00 to $58.00 and gave the company an “overweight” rating in a research note on Wednesday, March 19th. Truist Financial raised their price target on shares of EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Morgan Stanley reissued an “overweight” rating and issued a $67.00 price objective (up previously from $63.00) on shares of EQT in a research report on Wednesday. Finally, Piper Sandler raised their target price on shares of EQT from $35.00 to $36.00 and gave the company a “neutral” rating in a research report on Thursday, March 6th. One equities 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 stock. Based on data from MarketBeat.com, EQT has an average rating of “Moderate Buy” and an average target price of $55.11.

EQT Stock Performance

Shares of NYSE EQT opened at $53.07 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. The company has a market capitalization of $31.71 billion, a P/E ratio of 132.68, a P/E/G ratio of 0.64 and a beta of 1.12. EQT Co. has a 12 month low of $30.02 and a 12 month high of $56.66. The stock has a 50 day moving average of $51.38 and a 200-day moving average of $44.93.

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

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $0.1575 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 annualized dividend and a yield of 1.19%. EQT’s dividend payout ratio (DPR) is presently 157.50%.

About EQT

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.