Canada Post Corp Registered Pension Plan Purchases 49,803 Shares of EQT Corporation $EQT

Canada Post Corp Registered Pension Plan lifted its position in shares of EQT Corporation (NYSE:EQT) by 131.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,629 shares of the oil and gas producer’s stock after purchasing an additional 49,803 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in EQT were worth $4,772,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of EQT. Wellington Shields & Co. LLC grew its holdings in EQT by 17.9% during the third quarter. Wellington Shields & Co. LLC now owns 9,200 shares of the oil and gas producer’s stock worth $501,000 after purchasing an additional 1,400 shares during the period. LRI Investments LLC boosted its stake in shares of EQT by 32.7% during the 3rd quarter. LRI Investments LLC now owns 2,713 shares of the oil and gas producer’s stock worth $148,000 after acquiring an additional 669 shares during the period. Cullen Frost Bankers Inc. boosted its stake in shares of EQT by 8,000.9% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 153,431 shares of the oil and gas producer’s stock worth $8,351,000 after acquiring an additional 151,537 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of EQT by 116.4% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 534,485 shares of the oil and gas producer’s stock worth $29,092,000 after acquiring an additional 287,538 shares during the last quarter. Finally, Allstate Corp bought a new stake in EQT in the 3rd quarter valued at $1,234,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EQT has been the subject of a number of research analyst reports. Stephens reduced their price objective on shares of EQT from $69.00 to $68.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Jefferies Financial Group reaffirmed a “buy” rating on shares of EQT in a report on Sunday, January 18th. Scotiabank lowered their price target on shares of EQT from $67.00 to $63.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 21st. Piper Sandler raised their price objective on shares of EQT from $49.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 18th. Finally, Capital One Financial upped their target price on EQT from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. Nineteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $63.77.

EQT Stock Performance

NYSE EQT opened at $56.87 on Friday. The firm has a 50-day moving average price of $54.83 and a two-hundred day moving average price of $54.20. EQT Corporation has a 12-month low of $43.57 and a 12-month high of $62.23. The company has a market capitalization of $35.49 billion, a P/E ratio of 19.48, a P/E/G ratio of 0.46 and a beta of 0.74. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.29.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 17th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $0.66 dividend on an annualized basis and a yield of 1.2%. EQT’s dividend payout ratio is currently 22.60%.

EQT Profile

EQT Corporation (NYSE: EQT) is a U.S.-based energy company focused on the exploration, development and production of natural gas. Headquartered in Pittsburgh, Pennsylvania, the company concentrates its upstream operations in the Appalachian Basin, producing from major shale formations including the Marcellus and Utica. EQT’s primary product is natural gas, with production activities supported by associated liquids and conventional gas assets where applicable.

In addition to drilling and well development, EQT operates and coordinates the infrastructure and commercial activities necessary to bring gas to market.