D.A. Davidson & CO. Grows Stake in EQT Co. (NYSE:EQT)

D.A. Davidson & CO. grew its holdings in EQT Co. (NYSE:EQT) by 13.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,467 shares of the oil and gas producer’s stock after purchasing an additional 762 shares during the quarter. D.A. Davidson & CO.’s holdings in EQT were worth $298,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. HM Payson & Co. acquired a new stake in shares of EQT during the third quarter worth $25,000. Truvestments Capital LLC acquired a new stake in EQT in the third quarter valued at approximately $30,000. Quarry LP increased its holdings in EQT by 184.7% in the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 578 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of EQT during the 3rd quarter worth about $36,000. Finally, Financial Avengers Inc. boosted its stake in shares of EQT by 100.8% in the third 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 last quarter. Institutional investors own 90.81% of the company’s stock.

EQT Trading Down 0.3 %

Shares of NYSE:EQT opened at $48.70 on Thursday. The firm has a market capitalization of $29.09 billion, a P/E ratio of 121.74, a price-to-earnings-growth ratio of 0.64 and a beta of 1.08. EQT Co. has a 12-month low of $30.02 and a 12-month high of $56.66. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The firm has a fifty day moving average of $49.98 and a two-hundred day moving average of $42.18.

EQT (NYSE:EQT) last posted its earnings results 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. The business 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%. On average, equities analysts expect that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.29%. The ex-dividend date is Tuesday, February 18th. EQT’s dividend payout ratio is currently 157.50%.

Insider Activity

In related news, Director Thomas F. Karam sold 30,154 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total value of $1,351,803.82. Following the transaction, the director now directly owns 201,608 shares in the company, valued at $9,038,086.64. This represents a 13.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.63% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

EQT has been the topic of several recent research reports. Piper Sandler boosted their price target on shares of EQT from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Sanford C. Bernstein upgraded EQT from a “market perform” rating to an “outperform” rating and set a $73.00 target price for the company in a report on Wednesday, January 15th. Morgan Stanley upped their price objective on EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Truist Financial boosted their price target on shares of EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Finally, The Goldman Sachs Group reissued a “reduce” rating on shares of EQT in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, EQT has an average rating of “Hold” and a consensus target price of $52.39.

About EQT

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.