EQT Co. (NYSE:EQT) Shares Acquired by Toroso Investments LLC

Toroso Investments LLC increased its position in shares of EQT Co. (NYSE:EQT – Get Rating) by 152.2% in the third quarter, HoldingsChannel.com reports. The firm owned 24,198 shares of the oil and gas producer’s stock after acquiring an additional 14,604 shares during the quarter. Toroso Investments LLC’s holdings in EQT were worth $986,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Capital World Investors acquired a new stake in shares of EQT during the 1st quarter worth about $497,156,000. Renaissance Technologies LLC lifted its position in shares of EQT by 6,029.6% during the 1st quarter. Renaissance Technologies LLC now owns 6,424,264 shares of the oil and gas producer’s stock worth $221,059,000 after buying an additional 6,319,457 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of EQT by 19.8% in the 3rd quarter. Vanguard Group Inc. now owns 38,038,225 shares of the oil and gas producer’s stock valued at $1,550,057,000 after buying an additional 6,293,070 shares in the last quarter. PointState Capital LP purchased a new position in shares of EQT in the 1st quarter valued at $163,646,000. Finally, Clearbridge Investments LLC raised its stake in EQT by 66.1% during the 1st quarter. Clearbridge Investments LLC now owns 11,115,761 shares of the oil and gas producer’s stock worth $382,493,000 after acquiring an additional 4,423,003 shares in the last quarter. Hedge funds and other institutional investors own 97.60% of the company’s stock.

EQT Stock Performance

NYSE EQT opened at $29.37 on Friday. The stock has a market capitalization of $10.58 billion, a price-to-earnings ratio of 7.15 and a beta of 1.18. The business’s 50 day moving average is $32.35 and its two-hundred day moving average is $38.00. EQT Co. has a 12-month low of $26.67 and a 12-month high of $51.97. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.47.

EQT (NYSE:EQT – Get Rating) last released its quarterly earnings data on Wednesday, February 15th. The oil and gas producer reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.10). The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.36 billion. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period last year, the firm earned $0.41 EPS. Research analysts expect that EQT Co. will post 4.24 EPS for the current year.

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Tuesday, February 21st were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date was Friday, February 17th. EQT’s dividend payout ratio is currently 14.60%.

Analysts Set New Price Targets

EQT has been the topic of a number of research analyst reports. Wolfe Research upgraded EQT from a “peer perform” rating to an “outperform” rating and set a $59.00 target price on the stock in a research report on Wednesday, December 14th. Truist Financial reduced their price objective on EQT from $46.00 to $43.00 in a research note on Monday, January 23rd. Wells Fargo & Company initiated coverage on shares of EQT in a report on Tuesday, January 24th. They issued an “overweight” rating and a $41.00 target price on the stock. StockNews.com initiated coverage on shares of EQT in a research report on Thursday. They issued a “hold” rating for the company. Finally, Piper Sandler lowered their price objective on shares of EQT from $58.00 to $51.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 7th. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $52.59.

About EQT

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EQT Corp. is a natural gas production company, which engages in the supply, transmission, and distribution of natural gas. The company was founded in 1888 and is headquartered in Pittsburgh, PA.