FORA Capital LLC Makes New $708,000 Investment in EQT Co. (NYSE:EQT)

FORA Capital LLC bought a new stake in shares of EQT Co. (NYSE:EQT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 15,359 shares of the oil and gas producer’s stock, valued at approximately $708,000.

Several other large investors also recently bought and sold shares of EQT. EverSource Wealth Advisors LLC raised its position in shares of 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 buying an additional 205 shares in the last quarter. Parkside Financial Bank & Trust raised its position in EQT by 22.7% during the fourth 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 shares of EQT in the 4th quarter valued at approximately $55,000. First Horizon Advisors Inc. lifted its stake in shares of 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 last quarter. Finally, Larson Financial Group LLC increased its position in shares of EQT by 1,343.8% during 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 last quarter. Institutional investors own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Sanford C. Bernstein upgraded EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price target for the company in a research report on Wednesday, January 15th. Citigroup raised their target price on shares of EQT from $51.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, March 17th. Truist Financial upped their price target on shares of EQT from $41.00 to $56.00 and gave the company a “hold” rating in a report on Monday, January 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 research note on Tuesday, April 8th. Finally, Piper Sandler cut their target price on EQT from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $55.94.

EQT Trading Up 3.5 %

NYSE:EQT opened at $55.28 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. The firm has a 50-day simple moving average of $50.81 and a 200-day simple moving average of $48.10. EQT Co. has a one year low of $30.02 and a one year high of $56.66. The firm has a market cap of $33.09 billion, a P/E ratio of 138.20, a P/E/G ratio of 0.64 and a beta of 0.59.

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

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th will be paid a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $0.63 annualized dividend and a yield of 1.14%. EQT’s dividend payout ratio (DPR) is presently 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.