126,480 Shares in EQT Co. (NYSE:EQT) Acquired by iA Global Asset Management Inc.

iA Global Asset Management Inc. purchased a new position in EQT Co. (NYSE:EQT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 126,480 shares of the oil and gas producer’s stock, valued at approximately $5,832,000.

A number of other large investors have also bought and sold shares of the stock. Truvestments Capital LLC bought a new stake in EQT in the third quarter worth $30,000. Quarry LP increased its position 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 buying an additional 578 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in EQT in the third quarter worth about $36,000. Financial Avengers Inc. grew its position in shares of EQT by 100.8% during 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 in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in EQT by 26.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock valued at $45,000 after buying an additional 205 shares during the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EQT has been the subject of several analyst reports. Mizuho raised EQT from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $48.00 to $57.00 in a research note on Monday, December 16th. Stephens raised EQT from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $41.00 to $59.00 in a research report on Tuesday. Piper Sandler lifted their price target on EQT from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, March 6th. Citigroup boosted their price objective on EQT from $51.00 to $60.00 and gave the company a “buy” rating in a report on Monday. Finally, JPMorgan Chase & Co. lifted their price target on EQT from $58.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, March 13th. One equities research 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.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $54.50.

EQT Stock Performance

NYSE:EQT opened at $53.74 on Friday. The firm has a market capitalization of $32.11 billion, a PE ratio of 134.36, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. The business’s fifty day moving average price is $51.17 and its 200 day moving average price is $43.99. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. EQT Co. has a 12 month low of $30.02 and a 12 month high of $56.66.

EQT (NYSE:EQT) last issued its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, topping 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 return on equity of 4.35% and a net margin of 4.37%. On average, sell-side analysts anticipate that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.1575 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 annualized dividend and a dividend yield of 1.17%. EQT’s dividend payout ratio (DPR) 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.