Dana Investment Advisors Inc. Has $3.28 Million Stock Holdings in EQT Co. (NYSE:EQT)

Dana Investment Advisors Inc. lessened its stake in shares of EQT Co. (NYSE:EQT) by 11.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 71,066 shares of the oil and gas producer’s stock after selling 9,240 shares during the quarter. Dana Investment Advisors Inc.’s holdings in EQT were worth $3,277,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Arizona State Retirement System lifted its stake in shares of EQT by 1.4% during the 4th quarter. Arizona State Retirement System now owns 164,096 shares of the oil and gas producer’s stock worth $7,566,000 after buying an additional 2,198 shares during the last quarter. Aigen Investment Management LP lifted its stake in shares of EQT by 320.2% during the 4th quarter. Aigen Investment Management LP now owns 35,808 shares of the oil and gas producer’s stock worth $1,651,000 after buying an additional 27,287 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of EQT during the 4th quarter worth about $5,119,000. M&T Bank Corp lifted its stake in shares of EQT by 7.4% during the 4th quarter. M&T Bank Corp now owns 26,748 shares of the oil and gas producer’s stock worth $1,233,000 after buying an additional 1,835 shares during the last quarter. Finally, Atria Investments Inc lifted its stake in shares of EQT by 35.7% during the 4th quarter. Atria Investments Inc now owns 7,460 shares of the oil and gas producer’s stock worth $344,000 after buying an additional 1,961 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Analysts Set New Price Targets

EQT has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of EQT from $53.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Jefferies Financial Group lifted their price objective on shares of EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Truist Financial lifted 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. Sanford C. Bernstein upgraded shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price objective for the company in a research note on Wednesday, January 15th. Finally, Citigroup lifted 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $52.44.

EQT Trading Up 1.7 %

Shares of EQT stock opened at $46.96 on Friday. The firm has a market capitalization 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. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average is $50.58 and its 200 day moving average is $42.89. EQT Co. has a 1 year low of $30.02 and a 1 year high of $56.66.

EQT (NYSE:EQT) last announced its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.19. The company had revenue of $1.82 billion for 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%. Equities research analysts forecast that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Tuesday, February 18th. 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.