EQT Co. (NYSE:EQT) Stock Position Lowered by MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income

MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income lessened its position in shares of EQT Co. (NYSE:EQTGet Rating) by 4.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 410,350 shares of the oil and gas producer’s stock after selling 18,755 shares during the quarter. EQT comprises approximately 1.6% of MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income’s portfolio, making the stock its 8th largest position. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income’s holdings in EQT were worth $14,120,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EQT. Counterpoint Mutual Funds LLC purchased a new stake in EQT in the first quarter valued at approximately $25,000. MV Capital Management Inc. purchased a new stake in shares of EQT during the fourth quarter worth $26,000. Sageworth Trust Co of South Dakota purchased a new stake in shares of EQT during the fourth quarter worth $26,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of EQT during the first quarter worth $31,000. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of EQT during the first quarter worth $41,000. Hedge funds and other institutional investors own 90.34% of the company’s stock.

EQT Stock Performance

Shares of EQT traded up $1.03 during mid-day trading on Friday, hitting $42.28. 4,815,333 shares of the company’s stock were exchanged, compared to its average volume of 6,632,560. The firm has a market capitalization of $15.64 billion, a P/E ratio of -15.54, a P/E/G ratio of 0.22 and a beta of 1.19. EQT Co. has a fifty-two week low of $15.71 and a fifty-two week high of $50.41. The business’s 50 day moving average is $40.54 and its two-hundred day moving average is $34.78. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.51.

EQT (NYSE:EQTGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The oil and gas producer reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.32. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.63 billion. The company’s revenue for the quarter was up 61.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.07 earnings per share. On average, equities analysts expect that EQT Co. will post 3.72 earnings per share for the current year.

EQT Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Tuesday, August 9th will be issued a dividend of $0.15 per share. This is a boost from EQT’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 1.42%. The ex-dividend date is Monday, August 8th. EQT’s dividend payout ratio is currently -18.38%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Tudor Pickering raised EQT from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research report on Monday, April 11th. Mizuho lowered their target price on shares of EQT from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, July 19th. StockNews.com upgraded shares of EQT from a “sell” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Company boosted their target price on shares of EQT from $51.00 to $62.00 and gave the stock an “overweight” rating in a research note on Monday, July 11th. Finally, TD Securities upped their price objective on shares of EQT from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Friday, April 29th. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, EQT presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.83.

EQT Company Profile

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EQT Corporation operates as a natural gas production company in the United States. The company produces natural gas, natural gas liquids (NGLs), including ethane, propane, isobutane, butane, and natural gasoline. As of December 31, 2021, it had 25.0 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 2.0 million gross acres, including 1.7 million gross acres in the Marcellus play.

See Also

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Institutional Ownership by Quarter for EQT (NYSE:EQT)

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