Andrew Hill Investment Advisors Inc. Takes Position in EQT Co. (NYSE:EQT)

Andrew Hill Investment Advisors Inc. acquired a new position in EQT Co. (NYSE:EQT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 105,372 shares of the oil and gas producer’s stock, valued at approximately $4,859,000. EQT comprises approximately 3.6% of Andrew Hill Investment Advisors Inc.’s holdings, making the stock its 12th biggest position.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quarry LP raised its position in shares of EQT by 184.7% during 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 last quarter. Financial Avengers Inc. lifted its holdings 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. EverSource Wealth Advisors LLC lifted its holdings in shares of EQT by 26.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock worth $45,000 after purchasing an additional 205 shares during the period. Parkside Financial Bank & Trust grew its stake in EQT by 22.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock worth $48,000 after purchasing an additional 193 shares during the period. Finally, Stonebridge Financial Group LLC bought a new stake in shares of EQT during the fourth quarter worth about $55,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

EQT Stock Performance

EQT stock opened at $50.07 on Thursday. The firm’s fifty day moving average price is $51.06 and its 200-day moving average price is $45.99. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $56.66. The stock has a market cap of $29.92 billion, a P/E ratio of 125.19, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. 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 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 company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. On average, equities research analysts expect that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.1575 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 annualized dividend and a yield of 1.26%. EQT’s dividend payout ratio (DPR) is 157.50%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EQT. Mizuho boosted their target price on shares of EQT from $57.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, April 1st. Piper Sandler upped their price target on EQT from $35.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, March 6th. Truist Financial raised their price target on EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. The Goldman Sachs Group reissued a “reduce” rating on shares of EQT in a research note on Wednesday, February 12th. Finally, Sanford C. Bernstein raised EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price target on the stock in a research report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $55.72.

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.