EQT (NYSE:EQT – Get Rating) had its price target lowered by Piper Sandler from $51.00 to $50.00 in a report published on Wednesday morning, The Fly reports.
Several other equities research analysts also recently issued reports on EQT. Morgan Stanley lowered their price objective on shares of EQT from $42.00 to $37.00 and set an overweight rating on the stock in a research note on Monday, March 27th. UBS Group initiated coverage on shares of EQT in a research note on Wednesday. They issued a neutral rating and a $36.00 price objective on the stock. StockNews.com initiated coverage on shares of EQT in a research note on Thursday, March 16th. They set a hold rating on the stock. Royal Bank of Canada reiterated an outperform rating and set a $50.00 price target on shares of EQT in a research note on Tuesday, March 7th. Finally, Mizuho decreased their price target on shares of EQT from $62.00 to $48.00 in a research note on Friday, March 10th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $49.44.
EQT Trading Down 0.3 %
Shares of EQT stock opened at $33.22 on Wednesday. The business’s 50 day moving average is $31.76 and its two-hundred day moving average is $35.83. The company has a market cap of $11.97 billion, a PE ratio of 8.08 and a beta of 1.16. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.47. EQT has a 12 month low of $28.10 and a 12 month high of $51.97.
EQT Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Wednesday, May 10th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.81%. EQT’s dividend payout ratio is 14.60%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in EQT. Larson Financial Group LLC bought a new position in shares of EQT in the third quarter valued at about $28,000. Exos TFP Holdings LLC bought a new position in shares of EQT in the third quarter valued at about $29,000. City Holding Co. bought a new position in shares of EQT in the first quarter valued at about $32,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of EQT in the fourth quarter valued at about $33,000. Finally, Zullo Investment Group Inc. raised its holdings in EQT by 258.6% during the 4th quarter. Zullo Investment Group Inc. now owns 1,040 shares of the oil and gas producer’s stock worth $35,000 after purchasing an additional 750 shares during the last quarter. 97.60% of the stock is owned by institutional investors.
About EQT
EQT Corp. is a natural gas production company, which engages in the supply, transmission, and distribution of natural gas. The company was founded in 1888 and is headquartered in Pittsburgh, PA.
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