Public Employees Retirement Association of Colorado Purchases 29,640 Shares of EQT Co. (NYSE:EQT)

Public Employees Retirement Association of Colorado boosted its holdings in shares of EQT Co. (NYSE:EQTFree Report) by 432.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,497 shares of the oil and gas producer’s stock after acquiring an additional 29,640 shares during the period. Public Employees Retirement Association of Colorado’s holdings in EQT were worth $1,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Private Wealth Management Group LLC purchased a new position in EQT during the fourth quarter valued at approximately $30,000. BKM Wealth Management LLC purchased a new position in EQT during the 4th quarter worth approximately $40,000. Principal Securities Inc. acquired a new position in EQT during the fourth quarter valued at $51,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of EQT by 52.6% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,563 shares of the oil and gas producer’s stock valued at $60,000 after buying an additional 539 shares during the period. Finally, CX Institutional acquired a new position in EQT in the fourth quarter valued at approximately $64,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Analysts Set New Price Targets

EQT has been the subject of several recent analyst reports. Piper Sandler restated an “overweight” rating and issued a $46.00 price target (up previously from $41.00) on shares of EQT in a research note on Tuesday, April 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $46.00 target price on shares of EQT in a research note on Tuesday, March 5th. Truist Financial dropped their price target on shares of EQT from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Friday, April 5th. Jefferies Financial Group upped their price objective on shares of EQT from $43.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Finally, Mizuho lifted their target price on shares of EQT from $43.00 to $45.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $45.24.

View Our Latest Research Report on EQT

EQT Price Performance

NYSE:EQT opened at $41.13 on Tuesday. The stock has a 50 day moving average price of $39.38 and a 200 day moving average price of $37.64. The stock has a market cap of $18.16 billion, a PE ratio of 29.80 and a beta of 1.06. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.88. EQT Co. has a one year low of $32.07 and a one year high of $45.23.

EQT (NYSE:EQTGet Free Report) last issued its earnings results on Tuesday, April 23rd. The oil and gas producer reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.17. EQT had a return on equity of 4.57% and a net margin of 10.96%. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the company earned $1.70 EPS. The company’s revenue for the quarter was down 28.8% on a year-over-year basis. Equities research analysts expect that EQT Co. will post 1.03 EPS for the current fiscal year.

EQT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Wednesday, May 8th were paid a $0.1575 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $0.63 annualized dividend and a dividend yield of 1.53%. EQT’s dividend payout ratio (DPR) is 45.65%.

Insider Transactions at EQT

In related news, insider Lesley Evancho sold 46,884 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $41.29, for a total value of $1,935,840.36. Following the transaction, the insider now directly owns 160,884 shares in the company, valued at $6,642,900.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other EQT news, EVP William E. Jordan sold 35,000 shares of EQT stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $40.72, for a total transaction of $1,425,200.00. Following the completion of the sale, the executive vice president now directly owns 456,837 shares in the company, valued at $18,602,402.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Lesley Evancho sold 46,884 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $41.29, for a total transaction of $1,935,840.36. Following the completion of the sale, the insider now directly owns 160,884 shares in the company, valued at $6,642,900.36. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

EQT Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for EQT (NYSE:EQT)

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