Susquehanna Fundamental Investments LLC Makes New $17.67 Million Investment in EQT Co. (NYSE:EQT)

Susquehanna Fundamental Investments LLC acquired a new position in EQT Co. (NYSE:EQT) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 477,711 shares of the oil and gas producer’s stock, valued at approximately $17,666,000. Susquehanna Fundamental Investments LLC owned 0.11% of EQT as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the company. Park Avenue Securities LLC raised its position in shares of EQT by 3.8% in the first quarter. Park Avenue Securities LLC now owns 8,153 shares of the oil and gas producer’s stock worth $302,000 after acquiring an additional 300 shares during the period. Czech National Bank raised its position in shares of EQT by 0.5% during the 1st quarter. Czech National Bank now owns 72,374 shares of the oil and gas producer’s stock worth $2,683,000 after purchasing an additional 332 shares during the last quarter. Motley Fool Asset Management LLC raised its position in shares of EQT by 5.1% during the 1st quarter. Motley Fool Asset Management LLC now owns 6,861 shares of the oil and gas producer’s stock worth $254,000 after purchasing an additional 336 shares during the last quarter. Hancock Whitney Corp raised its position in shares of EQT by 3.0% during the 1st quarter. Hancock Whitney Corp now owns 14,603 shares of the oil and gas producer’s stock worth $541,000 after purchasing an additional 419 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC raised its position in shares of EQT by 1.4% during the 1st quarter. SeaBridge Investment Advisors LLC now owns 30,361 shares of the oil and gas producer’s stock worth $1,125,000 after purchasing an additional 428 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EQT. Wells Fargo & Company upgraded shares of EQT from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $40.00 to $42.00 in a research report on Wednesday, August 14th. Stephens reduced their price target on shares of EQT from $47.00 to $46.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Wolfe Research began coverage on shares of EQT in a research note on Thursday, July 18th. They set an “outperform” rating and a $51.00 price objective for the company. Truist Financial dropped 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. Finally, Piper Sandler cut shares of EQT from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $43.00 to $32.00 in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $42.29.

EQT Stock Performance

EQT stock opened at $36.53 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 stock has a market cap of $16.13 billion, a price-to-earnings ratio of 26.47 and a beta of 1.06. The firm has a 50 day simple moving average of $33.25 and a 200-day simple moving average of $36.39. EQT Co. has a 1-year low of $30.02 and a 1-year high of $45.23.

EQT (NYSE:EQT) last posted its quarterly earnings data on Tuesday, July 23rd. The oil and gas producer reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.12. The firm had revenue of $952.51 million during the quarter, compared to analysts’ expectations of $1.06 billion. EQT had a net margin of 12.45% and a return on equity of 4.52%. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.17) EPS. On average, analysts expect that EQT Co. will post 1.37 EPS for the current year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were issued a dividend of $0.1575 per share. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.63 dividend on an annualized basis and a yield of 1.72%. EQT’s dividend payout ratio (DPR) is presently 45.65%.

EQT 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.