Easterly Investment Partners LLC Has $6.06 Million Stock Position in EQT Co. (NYSE:EQT)

Easterly Investment Partners LLC cut its stake in shares of EQT Co. (NYSE:EQT) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 131,486 shares of the oil and gas producer’s stock after selling 2,352 shares during the quarter. Easterly Investment Partners LLC’s holdings in EQT were worth $6,063,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Truvestments Capital LLC bought a new stake in EQT during the 3rd quarter worth $30,000. Quarry LP increased its position in EQT by 184.7% in 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 period. EverSource Wealth Advisors LLC lifted its stake in shares of EQT by 26.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock worth $45,000 after acquiring an additional 205 shares during the period. Brown Brothers Harriman & Co. bought a new stake in shares of EQT in the 3rd quarter valued at $36,000. Finally, Financial Avengers Inc. grew its holdings in EQT by 100.8% during the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock worth $37,000 after acquiring an additional 504 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. 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, March 6th. The Goldman Sachs Group reissued a “reduce” rating on shares of EQT in a research report on Wednesday, February 12th. Stephens upgraded shares of EQT from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $41.00 to $59.00 in a report on Tuesday, March 18th. Scotiabank lowered shares of EQT from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $55.00 to $54.00 in a research note on Friday, January 17th. Finally, UBS Group upped their target price on shares of EQT from $54.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, EQT has an average rating of “Moderate Buy” and an average price target of $54.50.

EQT Stock Down 2.5 %

EQT stock opened at $52.89 on Thursday. The business’s 50-day moving average is $51.41 and its two-hundred day moving average is $44.64. The company has a market cap of $31.60 billion, a price-to-earnings ratio of 132.23, a P/E/G ratio of 0.64 and a beta of 1.12. EQT Co. has a fifty-two week low of $30.02 and a fifty-two 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 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. EQT had a net margin of 4.37% and a return on equity of 4.35%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.81 billion. As a group, analysts forecast that EQT Co. will post 3.27 earnings per share for the current year.

EQT Announces Dividend

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

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.