Aigen Investment Management LP Acquires Shares of 8,521 EQT Co. (NYSE:EQT)

Aigen Investment Management LP bought a new position in EQT Co. (NYSE:EQT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,521 shares of the oil and gas producer’s stock, valued at approximately $312,000.

A number of other hedge funds have also made changes to their positions in EQT. HM Payson & Co. acquired a new stake in shares of EQT during the third quarter worth approximately $25,000. Innealta Capital LLC bought a new stake in EQT during the 2nd quarter worth approximately $28,000. Hexagon Capital Partners LLC increased its holdings in EQT by 18,080.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 904 shares in the last quarter. Wolff Wiese Magana LLC raised its position in EQT by 936.1% in the 2nd quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 908 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in EQT by 149.5% in the second quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock worth $37,000 after purchasing an additional 598 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Stock Down 0.3 %

Shares of EQT stock opened at $42.71 on Friday. The firm’s fifty day moving average price is $36.70 and its two-hundred day moving average price is $36.80. EQT Co. has a 1 year low of $30.02 and a 1 year high of $44.28. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $25.48 billion, a P/E ratio of 50.85 and a beta of 1.06.

EQT (NYSE:EQT) last posted its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company earned $0.30 earnings per share. On average, equities analysts predict that EQT Co. will post 1.28 EPS for the current fiscal year.

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th will be given a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Wednesday, November 6th. EQT’s dividend payout ratio (DPR) is presently 75.00%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Truist Financial reduced their price target on shares of EQT from $36.00 to $32.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. BMO Capital Markets upped their target price on shares of EQT from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. StockNews.com raised shares of EQT to a “sell” rating in a report on Friday, July 26th. JPMorgan Chase & Co. upped their price objective on EQT from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, September 26th. Finally, Mizuho lifted their target price on EQT from $41.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. 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 company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.83.

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.