Asset Management One Co. Ltd. Increases Position in EQT Corporation (NYSE:EQT)

Asset Management One Co. Ltd. raised its position in EQT Corporation (NYSE:EQT - Free Report) by 9.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 237,894 shares of the oil and gas producer's stock after buying an additional 21,464 shares during the period. Asset Management One Co. Ltd.'s holdings in EQT were worth $12,711,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in 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 worth $3,344,371,000 after buying an additional 358,649 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of EQT by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 14,427,307 shares of the oil and gas producer's stock worth $663,552,000 after purchasing an additional 429,733 shares during the last quarter. Capital International Investors boosted its holdings in shares of EQT by 21.3% during the 4th quarter. Capital International Investors now owns 13,855,244 shares of the oil and gas producer's stock worth $638,867,000 after purchasing an additional 2,433,632 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of 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 purchasing an additional 1,774,696 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of EQT by 46.3% during the 4th quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer's stock worth $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 and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EQT. Piper Sandler boosted their target price on EQT from $35.00 to $48.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Citigroup boosted their target price on EQT from $51.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, March 17th. Morgan Stanley boosted their target price on EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Stephens lowered their target price on EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Finally, Mizuho boosted their target price on EQT from $57.00 to $60.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $58.00.

EQT Trading Up 0.3%

EQT traded up $0.17 during trading hours on Friday, reaching $58.32. The company's stock had a trading volume of 10,530,306 shares, compared to its average volume of 7,919,487. The stock has a market cap of $34.91 billion, a PE ratio of 102.32, a P/E/G ratio of 0.36 and a beta of 0.65. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.57 and a quick ratio of 0.57. EQT Corporation has a fifty-two week low of $30.02 and a fifty-two week high of $61.02. The business's 50-day moving average is $54.82 and its 200-day moving average is $51.50.

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 (EPS) for the quarter, beating 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 5.52% and a net margin of 6.59%. As a group, equities research analysts predict that EQT Corporation will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th were given a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Wednesday, May 7th. EQT's payout ratio is 110.53%.

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.