Schonfeld Strategic Advisors LLC Has $5.95 Million Holdings in EQT Co. (NYSE:EQT)

Schonfeld Strategic Advisors LLC raised its stake in shares of EQT Co. (NYSE:EQT) by 594.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 128,985 shares of the oil and gas producer’s stock after purchasing an additional 110,415 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in EQT were worth $5,947,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Retirement Systems of Alabama raised its position in 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 buying an additional 35,733 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of EQT by 44.2% in the fourth 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 purchasing an additional 16,416 shares during the last quarter. D.A. Davidson & CO. lifted its position in shares of EQT by 13.4% during the fourth quarter. D.A. Davidson & CO. now owns 6,467 shares of the oil and gas producer’s stock valued at $298,000 after purchasing an additional 762 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in EQT by 15.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 41,508 shares of the oil and gas producer’s stock worth $1,914,000 after purchasing an additional 5,489 shares during the last quarter. Finally, Howard Financial Services LTD. purchased a new stake in EQT in the 4th quarter valued at about $223,000. 90.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EQT has been the subject of several recent analyst reports. Scotiabank lowered EQT from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the company from $55.00 to $54.00 in a report on Friday, January 17th. Piper Sandler reduced their price objective on EQT from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd. StockNews.com cut EQT from a “hold” rating to a “sell” rating in a research note on Monday, April 7th. Truist Financial increased their price target 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. Finally, Sanford C. Bernstein raised shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price objective on the stock in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $55.39.

EQT Trading Up 1.8 %

Shares of EQT stock opened at $50.34 on Friday. The company’s 50-day moving average price is $50.21 and its 200-day moving average price is $47.39. The company has a current ratio of 0.70, a quick ratio of 0.51 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. The company has a market cap of $30.14 billion, a price-to-earnings ratio of 125.86, a PEG ratio of 0.64 and a beta of 1.35.

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

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 7th will be given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Wednesday, May 7th. EQT’s payout ratio is 110.53%.

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.