Vanguard Personalized Indexing Management LLC Increases Stock Holdings in EQT Co. (NYSE:EQT)

Vanguard Personalized Indexing Management LLC boosted its stake in EQT Co. (NYSE:EQT) by 14.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,782 shares of the oil and gas producer’s stock after acquiring an additional 4,943 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in EQT were worth $1,430,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in EQT by 22.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 64,877,405 shares of the oil and gas producer’s stock worth $2,405,007,000 after buying an additional 11,993,729 shares during the period. Bank of New York Mellon Corp increased its position in shares of EQT by 27.9% in the 1st quarter. Bank of New York Mellon Corp now owns 19,883,694 shares of the oil and gas producer’s stock worth $737,089,000 after purchasing an additional 4,339,407 shares during the last quarter. Vanguard Group Inc. lifted its holdings in EQT by 8.4% during the 1st quarter. Vanguard Group Inc. now owns 50,865,664 shares of the oil and gas producer’s stock worth $1,885,590,000 after buying an additional 3,942,802 shares during the last quarter. Third Point LLC acquired a new position in EQT in the fourth quarter worth $75,387,000. Finally, Boston Partners grew its position in shares of EQT by 33.7% during the 1st quarter. Boston Partners now owns 3,834,505 shares of the oil and gas producer’s stock valued at $142,178,000 after buying an additional 966,475 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Trading Up 0.3 %

Shares of EQT stock opened at $34.83 on Monday. EQT Co. has a 1 year low of $30.02 and a 1 year high of $45.23. The company has a market capitalization of $15.38 billion, a price-to-earnings ratio of 25.24 and a beta of 1.06. The business has a fifty day simple moving average of $33.28 and a two-hundred day simple moving average of $36.43. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.73 and a quick ratio of 0.73.

EQT (NYSE:EQT) last announced its 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 company had revenue of $952.51 million for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the company earned ($0.17) earnings per share. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. Research analysts forecast that EQT Co. will post 1.44 EPS for the current year.

EQT Announces Dividend

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

Analysts Set New Price Targets

EQT has been the topic of a number of recent analyst reports. Scotiabank boosted their price target on shares of EQT from $54.00 to $55.00 and gave the stock a “sector outperform” rating in a research report on Friday, July 12th. Wolfe Research assumed coverage on shares of EQT in a research report on Thursday, July 18th. They set an “outperform” rating and a $51.00 price objective on the stock. Morgan Stanley restated an “overweight” rating and set a $45.00 price objective on shares of EQT in a research report on Friday, September 13th. Citigroup restated a “neutral” rating and set a $37.00 price target on shares of EQT in a report on Friday, August 23rd. Finally, Wells Fargo & Company upgraded EQT from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $40.00 to $42.00 in a report on Wednesday, August 14th. One investment 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 MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.