Cibc World Markets Corp Acquires 193,288 Shares of EQT Co. (NYSE:EQT)

Cibc World Markets Corp lifted its holdings in shares of EQT Co. (NYSE:EQT) by 244.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 272,221 shares of the oil and gas producer’s stock after acquiring an additional 193,288 shares during the period. Cibc World Markets Corp’s holdings in EQT were worth $12,552,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Truvestments Capital LLC bought a new stake in EQT during the 3rd quarter worth approximately $30,000. Quarry LP raised its position in EQT by 184.7% in the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 578 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock valued at $45,000 after acquiring an additional 205 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in EQT during the 3rd quarter worth $36,000. Finally, Financial Avengers Inc. grew its stake in shares of EQT by 100.8% in the 3rd 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 in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Trading Up 1.7 %

NYSE:EQT opened at $51.57 on Tuesday. EQT Co. has a 1 year low of $30.02 and a 1 year high of $56.66. The stock’s fifty day moving average price is $50.90 and its two-hundred day moving average price is $43.72. 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 company has a market cap of $30.81 billion, a P/E ratio of 128.93, a P/E/G ratio of 0.64 and a beta of 1.12.

EQT (NYSE:EQT) last issued its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.19. EQT had a return on equity of 4.35% and a net margin of 4.37%. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.81 billion. As a group, analysts expect that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Tuesday, February 18th. EQT’s dividend payout ratio (DPR) is presently 157.50%.

Analysts Set New Price Targets

Several research analysts recently weighed in on EQT shares. StockNews.com upgraded shares of EQT from a “sell” rating to a “hold” rating in a report on Friday. JPMorgan Chase & Co. upped their target price on EQT from $58.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, March 13th. Piper Sandler increased their price target on EQT from $35.00 to $36.00 and gave the company a “neutral” rating in a research report on Thursday, March 6th. Royal Bank of Canada restated a “sector perform” rating and issued a $49.00 price objective on shares of EQT in a research note on Monday, January 6th. Finally, UBS Group lifted their target price on EQT from $54.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $53.06.

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.