Quantinno Capital Management LP Buys 13,454 Shares of EQT Co. (NYSE:EQT)

Quantinno Capital Management LP boosted its stake in EQT Co. (NYSE:EQT) by 14.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 106,729 shares of the oil and gas producer’s stock after buying an additional 13,454 shares during the period. Quantinno Capital Management LP’s holdings in EQT were worth $4,921,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in EQT by 26.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock valued at $45,000 after buying an additional 205 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in EQT by 22.7% in the 4th 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. Stonebridge Financial Group LLC bought a new stake in EQT in the 4th quarter valued at about $55,000. First Horizon Advisors Inc. boosted its holdings in EQT by 33.1% in the 4th quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer’s stock valued at $55,000 after purchasing an additional 298 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in EQT by 1,343.8% in the 4th quarter. Larson Financial Group LLC now owns 1,386 shares of the oil and gas producer’s stock valued at $64,000 after purchasing an additional 1,290 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EQT. Wells Fargo & Company boosted their price objective on shares of EQT from $53.00 to $58.00 and gave the company an “overweight” rating in a report on Wednesday, March 19th. Piper Sandler boosted their price objective on shares of EQT from $35.00 to $48.00 and gave the company a “neutral” rating in a report on Tuesday, May 13th. TD Cowen raised shares of EQT from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Tuesday, April 8th. Morgan Stanley boosted their price objective on shares of EQT from $62.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. upped their price target on shares of EQT from $58.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, EQT currently has an average rating of “Moderate Buy” and an average target price of $56.67.

EQT Price Performance

Shares of NYSE:EQT opened at $55.83 on Friday. The company has a market cap of $33.42 billion, a price-to-earnings ratio of 139.58, a PEG ratio of 0.64 and a beta of 0.59. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The firm has a 50 day simple moving average of $51.59 and a 200 day simple moving average of $48.81. EQT Co. has a one year low of $30.02 and a one year high of $57.04.

EQT (NYSE:EQT) last issued its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, beating the consensus estimate of $0.98 by $0.20. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.16 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. Research analysts predict that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 7th will be paid a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Wednesday, May 7th. EQT’s payout ratio is 110.53%.

EQT 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.