Lindbrook Capital LLC Buys 915 Shares of EQT Co. (NYSE:EQT)

Lindbrook Capital LLC grew its stake in EQT Co. (NYSE:EQT) by 36.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,444 shares of the oil and gas producer’s stock after purchasing an additional 915 shares during the quarter. Lindbrook Capital LLC’s holdings in EQT were worth $159,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Raymond James Financial Inc. bought a new position in EQT during the fourth quarter worth about $113,924,000. Arizona State Retirement System increased its position in EQT by 1.4% during the fourth quarter. Arizona State Retirement System now owns 164,096 shares of the oil and gas producer’s stock worth $7,566,000 after acquiring an additional 2,198 shares during the period. Aigen Investment Management LP increased its position in EQT by 320.2% during the fourth quarter. Aigen Investment Management LP now owns 35,808 shares of the oil and gas producer’s stock worth $1,651,000 after acquiring an additional 27,287 shares during the period. Proficio Capital Partners LLC bought a new position in EQT during the fourth quarter worth about $5,119,000. Finally, M&T Bank Corp increased its position in EQT by 7.4% during the fourth quarter. M&T Bank Corp now owns 26,748 shares of the oil and gas producer’s stock worth $1,233,000 after acquiring an additional 1,835 shares during the period. 90.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. raised their price target on shares of EQT from $53.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Wells Fargo & Company increased their price objective on shares of EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Citigroup increased their price objective on shares of EQT from $44.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Truist Financial increased their price objective on shares of EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Finally, Mizuho upgraded shares of EQT from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $48.00 to $57.00 in a research note on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, EQT has an average rating of “Hold” and an average target price of $52.44.

EQT Stock Up 1.7 %

Shares of NYSE EQT opened at $46.96 on Friday. The company has a 50 day simple moving average of $50.58 and a 200 day simple moving average of $42.89. The firm has a market cap of $28.06 billion, a PE ratio of 117.40, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. EQT Co. has a 1 year low of $30.02 and a 1 year high of $56.66. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51.

EQT (NYSE:EQT) last issued its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.19. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. On average, research analysts forecast that EQT Co. will post 3.27 EPS for the current year.

EQT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $0.1575 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a yield of 1.34%. EQT’s dividend payout ratio (DPR) is presently 157.50%.

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.