Dana Investment Advisors Inc. Has $3.28 Million Stock Holdings in EQT Co. (NYSE:EQT)

Dana Investment Advisors Inc. cut its position in EQT Co. (NYSE:EQT) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 71,066 shares of the oil and gas producer’s stock after selling 9,240 shares during the period. Dana Investment Advisors Inc.’s holdings in EQT were worth $3,277,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new stake in EQT in the third quarter worth $30,000. Quarry LP raised its holdings in EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 578 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in EQT in the third quarter worth $36,000. Financial Avengers Inc. raised its holdings in EQT by 100.8% in the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock worth $37,000 after purchasing an additional 504 shares during the period. Finally, Parkside Financial Bank & Trust raised its holdings in EQT by 22.7% in the fourth 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. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EQT. Jefferies Financial Group increased their target price on shares of EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Mizuho raised shares of EQT from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $48.00 to $57.00 in a research report on Monday, December 16th. 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. Piper Sandler increased their price objective on shares of EQT from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Citigroup increased their price objective on shares of EQT from $44.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $52.44.

EQT Stock Up 1.7 %

EQT stock opened at $46.96 on Friday. The company has a market cap of $28.06 billion, a P/E ratio of 117.40, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. 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 fifty day simple moving average of $50.58 and a 200 day simple moving average of $42.89. EQT Co. has a 1-year low of $30.02 and a 1-year high of $56.66.

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 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%. Research analysts anticipate that EQT Co. will post 3.27 earnings per share for the current fiscal 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. This represents a $0.63 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT’s dividend 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.