Sei Investments Co. Increases Stock Position in EQT Co. (NYSE:EQT)

Sei Investments Co. raised its holdings in shares of EQT Co. (NYSE:EQT) by 49.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 736,982 shares of the oil and gas producer’s stock after purchasing an additional 244,831 shares during the period. Sei Investments Co. owned approximately 0.12% of EQT worth $33,982,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of EQT. Parkside Financial Bank & Trust increased its holdings 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 buying an additional 193 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock valued at $45,000 after acquiring an additional 205 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in shares of EQT by 4.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer’s stock worth $218,000 after acquiring an additional 223 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in shares of EQT by 15.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer’s stock valued at $79,000 after purchasing an additional 236 shares during the last quarter. Finally, Radnor Capital Management LLC lifted its position in EQT by 0.4% during the fourth quarter. Radnor Capital Management LLC now owns 60,948 shares of the oil and gas producer’s stock valued at $2,810,000 after purchasing an additional 237 shares during the period. Institutional investors own 90.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on EQT shares. JPMorgan Chase & Co. lifted their target price on shares of EQT from $58.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, March 13th. Piper Sandler lifted their price objective on EQT from $35.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, March 6th. StockNews.com raised EQT from a “sell” rating to a “hold” rating in a research report on Tuesday. Citigroup upped their price target on shares of EQT from $51.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, March 17th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $49.00 price objective on shares of EQT in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $54.50.

EQT Price Performance

NYSE:EQT opened at $54.03 on Tuesday. The stock has a market cap of $32.28 billion, a PE ratio of 135.07, a P/E/G ratio of 0.64 and a beta of 1.12. 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 business’s 50-day simple moving average is $51.33 and its two-hundred day simple moving average is $44.43. EQT Co. has a 52 week low of $30.02 and a 52 week high of $56.66.

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

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid 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 1.17%. EQT’s payout ratio is 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.