Coldstream Capital Management Inc. Has $887,000 Stock Position in EQT Co. (NYSE:EQT)

Coldstream Capital Management Inc. boosted its stake in EQT Co. (NYSE:EQT) by 26.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,228 shares of the oil and gas producer’s stock after buying an additional 3,985 shares during the quarter. Coldstream Capital Management Inc.’s holdings in EQT were worth $887,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EQT. Invesco Ltd. lifted its position in EQT by 46.3% in the 4th quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer’s stock worth $606,059,000 after buying an additional 4,162,065 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of EQT by 386.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,347,660 shares of the oil and gas producer’s stock worth $205,830,000 after purchasing an additional 3,454,741 shares during the last quarter. Slate Path Capital LP bought a new position in EQT in the 4th quarter worth $123,575,000. Raymond James Financial Inc. bought a new position in EQT in the 4th quarter worth $113,924,000. Finally, Capital International Investors raised its holdings in EQT by 21.3% in the 4th quarter. Capital International Investors now owns 13,855,244 shares of the oil and gas producer’s stock worth $638,867,000 after acquiring an additional 2,433,632 shares during the period. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on EQT shares. Wells Fargo & Company boosted their price objective on shares of EQT from $53.00 to $58.00 and gave the stock an “overweight” rating in a report on Wednesday, March 19th. Truist Financial lifted their target price on shares of EQT from $41.00 to $56.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Stephens reduced their price target on shares of EQT from $59.00 to $57.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th. UBS Group reduced their price target on shares of EQT from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. upped their price objective on EQT from $58.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $55.39.

EQT Price Performance

EQT opened at $51.14 on Tuesday. The company has a fifty day simple moving average of $50.24 and a 200 day simple moving average of $47.26. The stock has a market cap of $30.61 billion, a P/E ratio of 127.85, a P/E/G ratio of 0.64 and a beta of 1.35. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. EQT Co. has a 12 month low of $30.02 and a 12 month high of $56.66.

EQT (NYSE:EQT) last released its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.20. The firm had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.16 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. On average, research analysts expect that EQT Co. will post 3.27 EPS for the current year.

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th will be issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Wednesday, May 7th. EQT’s payout ratio is 110.53%.

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.