Adams Natural Resources Fund Inc. lifted its position in shares of EQT Corporation (NYSE:EQT - Free Report) by 26.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,300 shares of the oil and gas producer's stock after buying an additional 24,000 shares during the period. EQT comprises about 0.8% of Adams Natural Resources Fund Inc.'s investment portfolio, making the stock its 24th largest holding. Adams Natural Resources Fund Inc.'s holdings in EQT were worth $6,054,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of EQT. Vanguard Group Inc. lifted its position in EQT by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 72,530,286 shares of the oil and gas producer's stock worth $3,344,371,000 after buying an additional 358,649 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of EQT by 3.1% in the 4th 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 in the last quarter. Capital International Investors increased its position 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 raised its holdings in EQT by 14.7% during the fourth 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 in the last quarter. Finally, Invesco Ltd. boosted its position in EQT by 46.3% during 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 purchasing an additional 4,162,065 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
EQT has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price target on EQT from $59.00 to $63.00 and gave the stock an "overweight" rating in a research report on Monday, June 16th. Citigroup raised their target price on shares of EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, March 17th. Piper Sandler boosted their target price on shares of EQT from $35.00 to $48.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Morgan Stanley upped their price target on shares of EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Finally, Wall Street Zen downgraded shares of EQT from a "hold" rating to a "sell" rating in a research report on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, EQT presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.00.
Read Our Latest Research Report on EQT
EQT Stock Performance
Shares of EQT stock traded down $0.07 during midday trading on Thursday, hitting $58.16. 7,422,116 shares of the company were exchanged, compared to its average volume of 7,909,045. The firm has a market capitalization of $34.81 billion, a P/E ratio of 102.03, a PEG ratio of 0.37 and a beta of 0.65. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.57 and a current ratio of 0.57. EQT Corporation has a 52 week low of $30.02 and a 52 week high of $61.02. The firm's 50 day moving average price is $54.68 and its two-hundred day moving average price is $51.40.
EQT (NYSE:EQT - Get Free Report) last posted its earnings results 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. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.16 billion. EQT had a return on equity of 5.52% and a net margin of 6.59%. As a group, equities research analysts anticipate that EQT Corporation will post 3.27 earnings per share for the current year.
EQT Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th were given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.08%. The ex-dividend date was Wednesday, May 7th. EQT's payout ratio is 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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