UniSuper Management Pty Ltd Boosts Stock Position in EQT Co. (NYSE:EQT)

UniSuper Management Pty Ltd increased its stake in shares of EQT Co. (NYSE:EQT) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 61,089 shares of the oil and gas producer’s stock after buying an additional 1,088 shares during the quarter. UniSuper Management Pty Ltd’s holdings in EQT were worth $2,817,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Quarry LP boosted its position in shares of EQT by 184.7% during the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 578 shares during the last quarter. Financial Avengers Inc. boosted its holdings 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 purchasing an additional 504 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in EQT by 26.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock valued at $45,000 after purchasing an additional 205 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of EQT by 22.7% during 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 during the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of EQT during the 4th quarter valued at approximately $55,000. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

EQT Trading Up 1.4 %

NYSE EQT opened at $53.07 on Friday. The firm has a market capitalization of $31.71 billion, a price-to-earnings ratio of 132.68, a PEG ratio of 0.64 and a beta of 1.12. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. EQT Co. has a one year low of $30.02 and a one year high of $56.66. The company’s 50 day moving average price is $51.38 and its 200 day moving average price is $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, 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 analyst estimates of $1.81 billion. On average, sell-side analysts predict that EQT Co. will post 3.27 EPS for the current year.

EQT Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Truist Financial increased their price objective on EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Royal Bank of Canada restated a “sector perform” rating and set a $49.00 price target on shares of EQT in a research note on Monday, January 6th. Citigroup raised 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. JPMorgan Chase & Co. lifted their price objective on EQT from $58.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, March 13th. Finally, Piper Sandler upped their target price on shares of EQT from $35.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $55.11.

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.