Greenland Capital Management LP Acquires Shares of 16,000 EQT Co. (NYSE:EQT)

Greenland Capital Management LP bought a new position in shares of EQT Co. (NYSE:EQT) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 16,000 shares of the oil and gas producer’s stock, valued at approximately $738,000.

A number of other large investors have also modified their holdings of EQT. Quarry LP raised its position in EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 578 shares in the last quarter. Financial Avengers Inc. increased its holdings in shares of EQT by 100.8% in the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 504 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of EQT by 26.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock valued at $45,000 after purchasing an additional 205 shares during the period. Parkside Financial Bank & Trust boosted its holdings 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 worth $48,000 after buying an additional 193 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in EQT during the fourth quarter worth about $55,000. 90.81% of the stock is owned by hedge funds and other institutional investors.

EQT Stock Up 0.3 %

EQT stock opened at $47.43 on Wednesday. The company has a 50 day moving average price of $51.11 and a two-hundred day moving average price of $45.86. 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 stock has a market capitalization of $28.34 billion, a P/E ratio of 118.58, a PEG ratio of 0.64 and a beta of 1.35. EQT Co. has a one year low of $30.02 and a one year high of $56.66.

EQT (NYSE:EQT) last released its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.50 by $0.19. EQT had a return on equity of 4.35% and a net margin of 4.37%. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. As a group, sell-side analysts expect that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a $0.1575 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 annualized dividend and a dividend yield of 1.33%. EQT’s dividend payout ratio is presently 157.50%.

Analyst Ratings Changes

EQT has been the subject of a number of research reports. UBS Group reduced their price target on shares of EQT from $58.00 to $55.00 and set a “neutral” rating for the company in a research report on Monday. Stephens raised EQT from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $41.00 to $59.00 in a report on Tuesday, March 18th. Scotiabank lowered EQT from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the company from $55.00 to $54.00 in a report on Friday, January 17th. Piper Sandler lifted their price target on EQT from $35.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, March 6th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $67.00 price objective (up from $63.00) on shares of EQT in a research note on Wednesday, March 26th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, EQT has an average rating of “Moderate Buy” and a consensus price target of $55.72.

EQT 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.