Rothschild Investment Corp IL Acquires Shares of 16,345 EQT Co. (NYSE:EQT)

Rothschild Investment Corp IL acquired a new stake in EQT Co. (NYSE:EQTGet Rating) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 16,345 shares of the oil and gas producer’s stock, valued at approximately $562,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Counterpoint Mutual Funds LLC purchased a new stake in EQT in the 1st quarter valued at about $25,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of EQT during the 1st quarter worth approximately $31,000. Exchange Traded Concepts LLC purchased a new stake in shares of EQT during the 1st quarter worth approximately $41,000. Penserra Capital Management LLC purchased a new stake in shares of EQT during the 1st quarter worth approximately $47,000. Finally, CENTRAL TRUST Co purchased a new stake in shares of EQT during the 1st quarter worth approximately $59,000. Hedge funds and other institutional investors own 95.63% of the company’s stock.

EQT Price Performance

Shares of NYSE:EQT opened at $46.56 on Wednesday. The firm has a fifty day moving average price of $44.87 and a two-hundred day moving average price of $40.43. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.57 and a quick ratio of 0.57. EQT Co. has a one year low of $17.95 and a one year high of $51.97.

EQT (NYSE:EQTGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The oil and gas producer reported $0.83 EPS for the quarter, beating the consensus estimate of $0.81 by $0.02. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the business earned $0.07 earnings per share. The firm’s revenue for the quarter was up 61.7% on a year-over-year basis. As a group, equities analysts anticipate that EQT Co. will post 4.02 EPS for the current year.

EQT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Tuesday, August 9th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 8th. This represents a $0.60 annualized dividend and a dividend yield of 1.29%. This is a boost from EQT’s previous quarterly dividend of $0.13. EQT’s dividend payout ratio (DPR) is -22.06%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EQT. Piper Sandler raised their price target on shares of EQT from $58.00 to $59.00 and gave the stock an “overweight” rating in a research note on Friday, July 22nd. Wells Fargo & Company raised their price objective on shares of EQT from $51.00 to $62.00 and gave the stock an “overweight” rating in a report on Monday, July 11th. Scotiabank assumed coverage on shares of EQT in a report on Wednesday, August 3rd. They issued an “outperform” rating and a $54.00 price objective for the company. StockNews.com raised shares of EQT from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Finally, Mizuho raised their price objective on shares of EQT from $55.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday, August 18th. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $55.88.

EQT Company Profile

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EQT Corporation operates as a natural gas production company in the United States. The company produces natural gas, natural gas liquids (NGLs), including ethane, propane, isobutane, butane, and natural gasoline. As of December 31, 2021, it had 25.0 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 2.0 million gross acres, including 1.7 million gross acres in the Marcellus play.

Further Reading

Institutional Ownership by Quarter for EQT (NYSE:EQT)

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