EQT Co. (NYSE:EQT) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its position in shares of EQT Co. (NYSE:EQT) by 11.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 26,653 shares of the oil and gas producer’s stock after purchasing an additional 2,710 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in EQT were worth $989,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Principal Securities Inc. acquired a new stake in shares of EQT during the fourth quarter worth $51,000. Avantax Advisory Services Inc. lifted its holdings in EQT by 18.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 6,112 shares of the oil and gas producer’s stock worth $236,000 after acquiring an additional 950 shares during the last quarter. ING Groep NV boosted its stake in EQT by 50.8% in the fourth quarter. ING Groep NV now owns 11,312 shares of the oil and gas producer’s stock valued at $437,000 after acquiring an additional 3,809 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of EQT by 1.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 137,313 shares of the oil and gas producer’s stock valued at $5,309,000 after purchasing an additional 1,428 shares during the last quarter. Finally, Balentine LLC raised its position in shares of EQT by 14.5% during the 4th quarter. Balentine LLC now owns 5,777 shares of the oil and gas producer’s stock worth $223,000 after purchasing an additional 733 shares during the period. Institutional investors own 90.81% of the company’s stock.

EQT Stock Performance

Shares of NYSE EQT opened at $34.73 on Friday. The stock’s fifty day simple moving average is $33.33 and its 200 day simple moving average is $36.47. The stock has a market capitalization of $15.34 billion, a price-to-earnings ratio of 25.17 and a beta of 1.06. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.33. EQT Co. has a 52-week low of $30.02 and a 52-week high of $45.23.

EQT (NYSE:EQT) last issued its quarterly earnings results 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. EQT had a return on equity of 4.52% and a net margin of 12.45%. The firm had revenue of $952.51 million for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the business posted ($0.17) EPS. EQT’s revenue was down 6.5% on a year-over-year basis. As a group, sell-side analysts forecast that EQT Co. will post 1.44 earnings per share for the current fiscal year.

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Wednesday, August 7th. EQT’s dividend payout ratio is 45.65%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EQT. UBS Group reduced their price objective on EQT from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Wednesday. Jefferies Financial Group upped their target price on shares of EQT from $43.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Truist Financial cut their price target on EQT from $36.00 to $32.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Piper Sandler lowered EQT from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $43.00 to $32.00 in a report on Thursday, August 15th. Finally, Mizuho cut their target price on EQT from $45.00 to $43.00 and set a “neutral” rating on the stock in a research note on Monday. One equities research 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’s stock. Based on data from MarketBeat.com, EQT presently has a consensus rating of “Hold” and an average target price of $43.28.

EQT Company 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.