Andrew Hill Investment Advisors Inc. Purchases Shares of 19,588 EQT Co. (NYSE:EQT)

Andrew Hill Investment Advisors Inc. bought a new position in EQT Co. (NYSE:EQT) during the 4th quarter, Holdings Channel reports. The institutional investor bought 19,588 shares of the oil and gas producer’s stock, valued at approximately $757,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Compound Global Advisors LLC boosted its position in shares of EQT by 130.2% in the fourth quarter. Compound Global Advisors LLC now owns 409,545 shares of the oil and gas producer’s stock worth $15,833,000 after buying an additional 231,651 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of EQT by 212.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 174,346 shares of the oil and gas producer’s stock valued at $6,740,000 after acquiring an additional 118,482 shares in the last quarter. Vanguard Group Inc. increased its position in shares of EQT by 8.6% during the third quarter. Vanguard Group Inc. now owns 44,899,640 shares of the oil and gas producer’s stock worth $1,822,027,000 after acquiring an additional 3,539,661 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of EQT by 6.5% in the third quarter. Bank of New York Mellon Corp now owns 18,037,923 shares of the oil and gas producer’s stock worth $731,979,000 after acquiring an additional 1,098,211 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC boosted its holdings in EQT by 13.0% in the fourth quarter. Chevy Chase Trust Holdings LLC now owns 230,774 shares of the oil and gas producer’s stock valued at $8,922,000 after purchasing an additional 26,484 shares during the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

EQT Stock Performance

EQT stock traded up $0.14 during mid-day trading on Friday, reaching $36.36. The company had a trading volume of 1,669,713 shares, compared to its average volume of 6,373,311. The stock’s 50-day simple moving average is $35.88 and its two-hundred day simple moving average is $38.08. The stock has a market capitalization of $16.01 billion, a P/E ratio of 8.57 and a beta of 1.12. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.37. EQT Co. has a one year low of $30.84 and a one year high of $45.23.

EQT (NYSE:EQT) last issued its quarterly earnings data on Tuesday, February 13th. The oil and gas producer reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. EQT had a net margin of 25.12% and a return on equity of 7.12%. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the firm posted $0.42 EPS. EQT’s quarterly revenue was up 17.6% compared to the same quarter last year. Research analysts anticipate that EQT Co. will post 1.4 EPS for the current year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 8th will be given a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.73%. The ex-dividend date is Tuesday, May 7th. EQT’s dividend payout ratio is currently 14.82%.

Analyst Ratings Changes

A number of brokerages have issued reports on EQT. Jefferies Financial Group upped their target price on EQT from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Scotiabank upgraded shares of EQT from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $40.00 to $52.00 in a research note on Thursday, April 11th. Mizuho boosted their target price on shares of EQT from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday. The Goldman Sachs Group cut their target price on shares of EQT from $48.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, April 2nd. Finally, Piper Sandler lifted their price target on EQT from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, March 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $43.75.

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.