Banco BTG Pactual S.A. Invests $218,000 in EQT Co. (NYSE:EQT)

Banco BTG Pactual S.A. acquired a new stake in EQT Co. (NYSE:EQT) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,600 shares of the oil and gas producer’s stock, valued at approximately $218,000.

Several other institutional investors have also added to or reduced their stakes in the business. Parkside Financial Bank & Trust raised its position in shares of 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 valued at $48,000 after purchasing an additional 193 shares during the period. EverSource Wealth Advisors LLC raised its holdings in EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock valued at $45,000 after acquiring an additional 205 shares during the period. Wilmington Savings Fund Society FSB lifted its position in shares of EQT by 4.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer’s stock worth $218,000 after acquiring an additional 223 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of EQT by 15.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer’s stock valued at $79,000 after purchasing an additional 236 shares in the last quarter. Finally, Radnor Capital Management LLC raised its stake in shares of EQT by 0.4% during the 4th quarter. Radnor Capital Management LLC now owns 60,948 shares of the oil and gas producer’s stock valued at $2,810,000 after purchasing an additional 237 shares during the period. 90.81% of the stock is owned by hedge funds and other institutional investors.

EQT Price Performance

EQT stock opened at $52.89 on Thursday. The firm has a market cap of $31.60 billion, a P/E ratio of 132.23, a P/E/G ratio of 0.64 and a beta of 1.12. The firm’s fifty day moving average is $51.41 and its 200 day moving average is $44.64. EQT Co. has a 52 week low of $30.02 and a 52 week high of $56.66. 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 (NYSE:EQT) last announced its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.19. EQT had a return on equity of 4.35% and a net margin of 4.37%. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Research analysts predict that EQT Co. will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EQT. JPMorgan Chase & Co. lifted their target price on EQT from $58.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, March 13th. The Goldman Sachs Group reaffirmed a “reduce” rating on shares of EQT in a research note on Wednesday, February 12th. Piper Sandler increased 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. Scotiabank cut shares of EQT from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $55.00 to $54.00 in a report on Friday, January 17th. Finally, Wells Fargo & Company lifted their price objective on EQT from $53.00 to $58.00 and gave the company an “overweight” rating in a research note on Wednesday, March 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $54.50.

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.