D L Carlson Investment Group Inc. Increases Stake in EQT Co. (NYSE:EQT)

D L Carlson Investment Group Inc. increased its holdings in EQT Co. (NYSE:EQT) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 92,896 shares of the oil and gas producer’s stock after acquiring an additional 2,984 shares during the quarter. D L Carlson Investment Group Inc.’s holdings in EQT were worth $4,283,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its position in EQT by 38.7% during the third quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer’s stock valued at $2,716,968,000 after purchasing an additional 20,700,921 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of EQT by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 72,530,286 shares of the oil and gas producer’s stock valued at $3,344,371,000 after buying an additional 358,649 shares during the last quarter. State Street Corp grew its position in shares of EQT by 24.5% in the 3rd quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer’s stock worth $1,359,183,000 after buying an additional 7,290,822 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of EQT by 34.4% during the 3rd quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer’s stock worth $511,159,000 after acquiring an additional 3,582,418 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its position in EQT by 14.7% during the fourth quarter. Clearbridge Investments LLC now owns 13,829,938 shares of the oil and gas producer’s stock valued at $637,698,000 after acquiring an additional 1,774,696 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors.

EQT Price Performance

Shares of NYSE EQT opened at $53.07 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The stock 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 firm’s 50 day simple moving average is $51.38 and its 200-day simple moving average is $45.02. EQT Co. has a 12 month low of $30.02 and a 12 month high of $56.66.

EQT (NYSE:EQT) last released its quarterly earnings results 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. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. Analysts expect that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $0.1575 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a yield of 1.19%. EQT’s payout ratio is 157.50%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Stephens upgraded EQT from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $41.00 to $59.00 in a report on Tuesday, March 18th. Jefferies Financial Group increased their price target on EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Citigroup boosted their price target on EQT from $51.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, March 17th. StockNews.com raised shares of EQT from a “sell” rating to a “hold” rating in a research report on Tuesday, March 25th. Finally, Truist Financial upped their price target on shares of EQT from $41.00 to $56.00 and gave the company a “hold” rating in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $55.11.

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.