Daiwa Securities Group Inc. Has $3.50 Million Stake in EQT Co. (NYSE:EQT)

by · The Cerbat Gem

Daiwa Securities Group Inc. boosted its stake in shares of EQT Co. (NYSE:EQT – Free Report) by 1.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 75,847 shares of the oil and gas producer’s stock after buying an additional 800 shares during the period. Daiwa Securities Group Inc.’s holdings in EQT were worth $3,497,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the stock. Truvestments Capital LLC acquired a new position in EQT during the 3rd quarter worth approximately $30,000. Quarry LP increased its position in shares of EQT by 184.7% during the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 578 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of EQT during the 3rd quarter worth approximately $36,000. Financial Avengers Inc. boosted 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 buying an additional 504 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in shares of EQT by 22.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock valued at $48,000 after buying an additional 193 shares in the last quarter. 90.81% of the stock is owned by institutional investors.

EQT Stock Down 0.4 %

Shares of NYSE EQT opened at $48.76 on Friday. EQT Co. has a 52 week low of $30.02 and a 52 week high of $56.66. The stock’s fifty day moving average is $50.74 and its 200 day moving average is $43.32. 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 $29.13 billion, a P/E ratio of 121.90, a PEG ratio of 0.64 and a beta of 1.12.

EQT (NYSE:EQT – Get Free Report) last issued 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. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. Sell-side analysts forecast that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT’s dividend payout ratio is presently 157.50%.

Analysts Set New Price Targets

A number of brokerages have weighed in on EQT. Truist Financial boosted their price target on EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Wells Fargo & Company upped their price objective on shares of EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Citigroup cut shares of EQT from a “buy” rating to a “reduce” rating in a research note on Wednesday, March 5th. Sanford C. Bernstein upgraded shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price target on the stock in a research note on Wednesday, January 15th. Finally, UBS Group increased their price target on shares of EQT from $54.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $52.56.

Get Our Latest Stock Analysis on EQT

EQT Company 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.

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