Dimensional Fund Advisors LP decreased its stake in shares of EQT Co. (NYSE:EQT - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,920,265 shares of the oil and gas producer's stock after selling 166,253 shares during the quarter. Dimensional Fund Advisors LP owned 0.82% of EQT worth $226,904,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in EQT by 0.5% in the fourth 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 acquiring an additional 358,649 shares during the period. Geode Capital Management LLC increased its stake 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 acquiring an additional 429,733 shares during the period. Capital International Investors increased its stake in 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 period. Clearbridge Investments LLC increased its stake in EQT by 14.7% in the fourth quarter. Clearbridge Investments LLC now owns 13,829,938 shares of the oil and gas producer's stock valued at $637,698,000 after acquiring an additional 1,774,696 shares during the period. Finally, Invesco Ltd. increased its stake in EQT by 46.3% in the fourth quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer's stock valued at $606,059,000 after acquiring an additional 4,162,065 shares during the period. Institutional investors own 90.81% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on EQT. Jefferies Financial Group upped their price objective 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 objective 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. Truist Financial upped their price objective on shares of EQT from $41.00 to $56.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $49.00 price objective on shares of EQT in a research note on Monday, January 6th. Finally, Stephens decreased their price objective on shares of EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $55.39.
Read Our Latest Report on EQT
EQT Stock Up 2.9 %
EQT traded up $1.44 on Friday, hitting $50.26. 9,360,326 shares of the company were exchanged, compared to its average volume of 7,802,103. EQT Co. has a 12 month low of $30.02 and a 12 month high of $56.66. The company has a market cap of $30.09 billion, a PE ratio of 125.65, a PEG ratio of 0.64 and a beta of 1.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. The stock's fifty day moving average is $50.31 and its 200-day moving average is $47.16.
EQT (NYSE:EQT - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.20. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. Equities research analysts predict that EQT Co. will post 3.27 EPS for the current fiscal year.
EQT Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th will be given a $0.1575 dividend. The ex-dividend date is Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.25%. EQT's 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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