New York State Common Retirement Fund Has $9.05 Million Stake in EQT Co. (NYSE:EQT)

New York State Common Retirement Fund boosted its holdings in shares of EQT Co. (NYSE:EQTGet Rating) by 17.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 414,996 shares of the oil and gas producer’s stock after purchasing an additional 62,780 shares during the period. New York State Common Retirement Fund owned 0.11% of EQT worth $9,051,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Louisiana State Employees Retirement System increased its holdings in EQT by 0.8% during the 4th quarter. Louisiana State Employees Retirement System now owns 77,700 shares of the oil and gas producer’s stock valued at $1,695,000 after purchasing an additional 600 shares in the last quarter. Centre Asset Management LLC increased its stake in shares of EQT by 0.5% in the 3rd quarter. Centre Asset Management LLC now owns 164,890 shares of the oil and gas producer’s stock valued at $3,351,000 after buying an additional 760 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in shares of EQT by 117.1% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,511 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 815 shares during the period. State of Michigan Retirement System increased its stake in shares of EQT by 1.2% in the 4th quarter. State of Michigan Retirement System now owns 76,661 shares of the oil and gas producer’s stock valued at $1,672,000 after buying an additional 900 shares during the period. Finally, Rafferty Asset Management LLC increased its stake in shares of EQT by 0.3% in the 3rd quarter. Rafferty Asset Management LLC now owns 349,406 shares of the oil and gas producer’s stock valued at $7,149,000 after buying an additional 902 shares during the period. 89.38% of the stock is owned by hedge funds and other institutional investors.

EQT stock opened at $39.74 on Friday. The business’s 50-day moving average price is $30.95 and its two-hundred day moving average price is $24.64. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.45. The firm has a market cap of $14.94 billion, a PE ratio of -9.11, a P/E/G ratio of 0.62 and a beta of 1.17. EQT Co. has a 1-year low of $15.71 and a 1-year high of $45.50.

EQT (NYSE:EQTGet Rating) last posted its earnings results on Wednesday, February 9th. The oil and gas producer reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.10). The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the company posted ($0.02) EPS. On average, analysts forecast that EQT Co. will post 2.24 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Wednesday, May 11th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, May 10th. This represents a $0.50 annualized dividend and a yield of 1.26%. EQT’s dividend payout ratio is presently -11.47%.

EQT has been the subject of several research reports. Morgan Stanley lifted their target price on EQT from $31.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday. Truist Financial lifted their target price on EQT from $35.00 to $60.00 in a research note on Thursday. Tudor Pickering raised EQT from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Monday, April 11th. StockNews.com assumed coverage on EQT in a research note on Thursday, March 31st. They set a “hold” rating for the company. Finally, Tudor, Pickering, Holt & Co. raised EQT from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Monday, April 11th. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $41.64.

EQT Profile (Get Rating)

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.

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Institutional Ownership by Quarter for EQT (NYSE:EQT)

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