Arosa Capital Management LP bought a new position in shares of EQT Co. (NYSE:EQT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 24,000 shares of the oil and gas producer's stock, valued at approximately $1,107,000.
Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of EQT by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 72,530,286 shares of the oil and gas producer's stock valued at $3,344,371,000 after purchasing an additional 358,649 shares in the last quarter. Geode Capital Management LLC boosted its position in EQT by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 14,427,307 shares of the oil and gas producer's stock valued at $663,552,000 after buying an additional 429,733 shares in the last quarter. Capital International Investors raised its stake in shares of EQT by 21.3% in the fourth quarter. Capital International Investors now owns 13,855,244 shares of the oil and gas producer's stock valued at $638,867,000 after acquiring an additional 2,433,632 shares during the last quarter. Clearbridge Investments LLC grew its position in EQT by 14.7% during the 4th quarter. Clearbridge Investments LLC now owns 13,829,938 shares of the oil and gas producer's stock worth $637,698,000 after acquiring an additional 1,774,696 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in EQT by 46.3% during the 4th quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer's stock valued at $606,059,000 after purchasing an additional 4,162,065 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently commented on EQT. The Goldman Sachs Group restated a "reduce" rating on shares of EQT in a report on Wednesday, February 12th. Jefferies Financial Group boosted their target price on shares of EQT from $45.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. UBS Group decreased their price target on shares of EQT from $55.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. StockNews.com cut shares of EQT from a "hold" rating to a "sell" rating in a research report on Monday, April 7th. Finally, Sanford C. Bernstein raised EQT from a "market perform" rating to an "outperform" rating and set a $73.00 target price for the company in a research note on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $55.39.
View Our Latest Analysis on EQT
EQT Trading Up 2.6 %
Shares of EQT stock traded up $1.33 during trading hours on Friday, hitting $51.69. The company's stock had a trading volume of 3,609,425 shares, compared to its average volume of 7,808,017. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The company has a market capitalization of $30.94 billion, a PE ratio of 129.28, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. The stock has a 50 day moving average of $50.21 and a 200 day moving average of $47.39. EQT Co. has a 12 month low of $30.02 and a 12 month high of $56.66.
EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, beating the consensus estimate of $0.98 by $0.20. EQT had a net margin of 4.37% and a return on equity of 4.35%. The business had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.16 billion. Analysts predict that EQT Co. will post 3.27 earnings per share for the current year.
EQT Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 7th will be given a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Wednesday, May 7th. EQT's dividend payout ratio is presently 110.53%.
About EQT
(
Free Report)
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.
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