EQT Co. (NYSE:EQT) Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its holdings in EQT Co. (NYSE:EQT) by 30.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,398 shares of the oil and gas producer’s stock after purchasing an additional 4,973 shares during the quarter. NEOS Investment Management LLC’s holdings in EQT were worth $987,000 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 business. Quarry LP raised its stake in EQT by 184.7% during the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 578 shares during the period. EverSource Wealth Advisors LLC increased its position 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 in the last quarter. Financial Avengers Inc. boosted its position 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 purchasing an additional 504 shares during the period. Parkside Financial Bank & Trust raised its position in 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. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of EQT in the fourth quarter worth about $55,000. 90.81% of the stock is owned by institutional investors and hedge funds.

EQT Trading Up 1.4 %

Shares of NYSE EQT opened at $53.07 on Friday. The business has a 50 day simple moving average of $51.38 and a 200 day simple moving average of $44.93. EQT Co. has a 52 week low of $30.02 and a 52 week high of $56.66. The stock has a market cap 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 (NYSE:EQT) last issued its quarterly earnings data 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 return on equity of 4.35% and a net margin of 4.37%. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. On average, research analysts predict that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The company also recently announced 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 of this dividend was Tuesday, February 18th. This represents a $0.63 annualized dividend and a yield of 1.19%. EQT’s dividend payout ratio (DPR) is presently 157.50%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on EQT shares. Sanford C. Bernstein upgraded shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 target price for the company in a research note on Wednesday, January 15th. Wells Fargo & Company lifted their price target on shares of EQT from $53.00 to $58.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 19th. Scotiabank lowered shares of EQT from a “sector outperform” rating to a “sector perform” rating and cut their target price for the company from $55.00 to $54.00 in a research note on Friday, January 17th. Mizuho raised EQT from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $48.00 to $57.00 in a report on Monday, December 16th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $49.00 price objective on shares of EQT in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $55.11.

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.