State of New Jersey Common Pension Fund D Purchases 11,838 Shares of EQT Co. (NYSE:EQT)

State of New Jersey Common Pension Fund D raised its position in shares of EQT Co. (NYSE:EQT) by 5.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,217 shares of the oil and gas producer’s stock after acquiring an additional 11,838 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.05% of EQT worth $8,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of EQT. IFP Advisors Inc increased its position in EQT by 102.6% during the third quarter. IFP Advisors Inc now owns 5,797 shares of the oil and gas producer’s stock valued at $235,000 after acquiring an additional 2,935 shares during the last quarter. Global Retirement Partners LLC lifted its stake in EQT by 145.4% in the third quarter. Global Retirement Partners LLC now owns 1,936 shares of the oil and gas producer’s stock worth $77,000 after purchasing an additional 1,147 shares during the last quarter. Czech National Bank boosted its position in shares of EQT by 47.6% during the third quarter. Czech National Bank now owns 63,210 shares of the oil and gas producer’s stock valued at $2,565,000 after buying an additional 20,387 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of EQT by 1.7% during the third quarter. Asset Management One Co. Ltd. now owns 152,797 shares of the oil and gas producer’s stock valued at $6,201,000 after buying an additional 2,482 shares during the period. Finally, Connective Portfolio Management LLC bought a new position in shares of EQT during the third quarter valued at approximately $812,000. 90.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EQT has been the subject of a number of recent analyst reports. The Goldman Sachs Group dropped their price objective on EQT from $48.00 to $43.00 and set a “buy” rating for the company in a report on Tuesday, April 2nd. Stephens lifted their price objective on shares of EQT from $46.00 to $47.00 and gave the company an “equal weight” rating in a report on Wednesday. Mizuho upped their target price on shares of EQT from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday. StockNews.com raised shares of EQT to a “sell” rating in a research note on Tuesday, March 12th. Finally, Truist Financial dropped their price objective on EQT from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $44.25.

EQT Stock Up 0.5 %

Shares of EQT stock traded up $0.20 during trading hours on Friday, reaching $40.61. 7,059,854 shares of the company’s stock were exchanged, compared to its average volume of 6,594,755. EQT Co. has a fifty-two week low of $30.84 and a fifty-two week high of $45.23. The stock’s 50 day moving average is $36.31 and its 200-day moving average is $38.01. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.37. The company has a market cap of $17.89 billion, a price-to-earnings ratio of 29.28 and a beta of 1.12.

EQT (NYSE:EQT) last announced its earnings results on Tuesday, April 23rd. The oil and gas producer reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.17. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.58 billion. EQT had a return on equity of 4.70% and a net margin of 10.96%. The firm’s quarterly revenue was down 28.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.70 EPS. Analysts predict that EQT Co. will post 0.99 earnings per share for the current fiscal year.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 8th will be paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Tuesday, May 7th. EQT’s dividend payout ratio (DPR) is presently 45.65%.

EQT Company 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.