State of Alaska Department of Revenue Has $2.65 Million Stock Holdings in EQT Co. (NYSE:EQT)

State of Alaska Department of Revenue raised its holdings in EQT Co. (NYSE:EQT) by 32.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 72,242 shares of the oil and gas producer’s stock after acquiring an additional 17,540 shares during the quarter. State of Alaska Department of Revenue’s holdings in EQT were worth $2,646,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in EQT by 3.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 27,034 shares of the oil and gas producer’s stock worth $1,002,000 after buying an additional 932 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of EQT by 1.5% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 896,602 shares of the oil and gas producer’s stock worth $33,237,000 after acquiring an additional 13,234 shares during the last quarter. Norden Group LLC acquired a new position in shares of EQT in the first quarter worth approximately $401,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in EQT by 21.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 96,613 shares of the oil and gas producer’s stock valued at $3,319,000 after acquiring an additional 16,891 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in EQT by 2.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 118,482 shares of the oil and gas producer’s stock valued at $4,392,000 after purchasing an additional 2,594 shares during the period. Institutional investors own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

EQT has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their price target on shares of EQT from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Citigroup raised shares of EQT from a “neutral” rating to a “buy” rating and upped their price target for the company from $37.00 to $44.00 in a research report on Thursday, October 3rd. Piper Sandler lowered EQT from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $43.00 to $32.00 in a research report on Thursday, August 15th. StockNews.com upgraded EQT to a “sell” rating in a research report on Friday, July 26th. Finally, Truist Financial lowered their price objective on shares of EQT from $36.00 to $32.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, EQT has an average rating of “Moderate Buy” and a consensus price target of $42.17.

EQT Stock Performance

Shares of EQT stock opened at $36.55 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a 50-day moving average of $35.20 and a 200-day moving average of $36.60. EQT Co. has a one year low of $30.02 and a one year high of $45.23. The company has a market cap of $16.14 billion, a P/E ratio of 43.51 and a beta of 1.06.

EQT (NYSE:EQT) last posted its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, beating the consensus estimate of $0.05 by $0.07. EQT had a net margin of 12.45% and a return on equity of 4.52%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the business posted $0.30 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Equities research analysts forecast that EQT Co. will post 1.4 EPS for the current fiscal year.

EQT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be paid a $0.1575 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a yield of 1.72%. EQT’s dividend payout ratio (DPR) is presently 75.00%.

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.