Addison Capital Co Purchases Shares of 4,439 EQT Co. (NYSE:EQT)

Addison Capital Co purchased a new position in shares of EQT Co. (NYSE:EQT) during the 4th quarter, Holdings Channel.com reports. The fund purchased 4,439 shares of the oil and gas producer’s stock, valued at approximately $205,000.

A number of other hedge funds have also recently made changes to their positions in EQT. Sanctuary Advisors LLC lifted its stake in EQT by 104.7% in the third quarter. Sanctuary Advisors LLC now owns 63,507 shares of the oil and gas producer’s stock worth $2,327,000 after purchasing an additional 32,484 shares during the last quarter. Retirement Systems of Alabama lifted its stake in shares of EQT by 36.7% in the 3rd quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer’s stock valued at $4,878,000 after acquiring an additional 35,733 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in EQT by 44.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,555 shares of the oil and gas producer’s stock valued at $2,379,000 after acquiring an additional 16,416 shares during the period. FMR LLC grew its position in EQT by 2.5% during the 3rd quarter. FMR LLC now owns 1,133,197 shares of the oil and gas producer’s stock worth $41,520,000 after acquiring an additional 28,129 shares during the last quarter. Finally, D.A. Davidson & CO. increased its stake in EQT by 13.4% in the 4th quarter. D.A. Davidson & CO. now owns 6,467 shares of the oil and gas producer’s stock worth $298,000 after purchasing an additional 762 shares during the period. 90.81% of the stock is currently owned by institutional investors.

EQT Price Performance

Shares of NYSE EQT opened at $50.71 on Monday. The firm has a market cap of $30.30 billion, a P/E ratio of 126.79, a PEG ratio of 0.64 and a beta of 1.12. EQT Co. has a twelve month low of $30.02 and a twelve month high of $56.66. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average of $50.82 and a 200 day moving average of $43.59.

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

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders 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 dividend yield of 1.24%. EQT’s payout ratio is 157.50%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Citigroup lowered shares of EQT from a “buy” rating to a “reduce” rating in a report on Wednesday, March 5th. StockNews.com raised shares of EQT from a “sell” rating to a “hold” rating in a research note on Friday. Sanford C. Bernstein raised EQT from a “market perform” rating to an “outperform” rating and set a $73.00 target price on the stock in a research note on Wednesday, January 15th. Jefferies Financial Group upped their price target on EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, Piper Sandler lifted their price objective on EQT from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, March 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, EQT presently has a consensus rating of “Hold” and a consensus price target of $52.56.

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.