Vanguard Group Inc. Boosts Stock Holdings in EQT Co. (NYSE:EQT)

Vanguard Group Inc. boosted its position in EQT Co. (NYSE:EQT) by 0.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,530,286 shares of the oil and gas producer’s stock after buying an additional 358,649 shares during the quarter. Vanguard Group Inc. owned approximately 12.16% of EQT worth $3,344,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its stake in EQT by 71.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 30,540 shares of the oil and gas producer’s stock valued at $1,119,000 after acquiring an additional 12,723 shares during the period. Pathstone Holdings LLC increased its stake in shares of EQT by 33.9% in the third quarter. Pathstone Holdings LLC now owns 75,051 shares of the oil and gas producer’s stock worth $2,750,000 after purchasing an additional 19,013 shares in the last quarter. Raymond James Trust N.A. raised its position in shares of EQT by 27.2% in the third quarter. Raymond James Trust N.A. now owns 14,264 shares of the oil and gas producer’s stock valued at $523,000 after purchasing an additional 3,050 shares during the period. Great Valley Advisor Group Inc. purchased a new stake in shares of EQT during the 3rd quarter valued at approximately $209,000. Finally, Cerity Partners LLC grew its stake in EQT by 51.4% in the 3rd quarter. Cerity Partners LLC now owns 36,754 shares of the oil and gas producer’s stock valued at $1,347,000 after buying an additional 12,480 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. increased their target price on EQT from $58.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, March 13th. UBS Group increased their price objective on EQT from $54.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Stephens upgraded EQT from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $41.00 to $59.00 in a research report on Tuesday, March 18th. Mizuho raised shares of EQT from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $48.00 to $57.00 in a report on Monday, December 16th. Finally, Piper Sandler boosted their price objective on shares of EQT from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $54.50.

EQT Price Performance

Shares of EQT stock opened at $54.25 on Wednesday. The firm has a market capitalization of $32.41 billion, a PE ratio of 135.63, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. EQT Co. has a 12 month low of $30.02 and a 12 month high of $56.66. The business’s 50-day moving average price is $51.40 and its 200-day moving average price is $44.58.

EQT (NYSE:EQT) last issued its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.50 by $0.19. EQT had a net margin of 4.37% and a return on equity of 4.35%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. Sell-side analysts forecast that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Tuesday, February 18th. EQT’s payout ratio is 157.50%.

EQT 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.