Czech National Bank Purchases 7,676 Shares of EQT Co. (NYSE:EQT)

Czech National Bank grew its stake in shares of EQT Co. (NYSE:EQT - Free Report) by 5.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 137,049 shares of the oil and gas producer's stock after buying an additional 7,676 shares during the quarter. Czech National Bank's holdings in EQT were worth $7,323,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in EQT. Mirae Asset Global Investments Co. Ltd. raised its holdings in EQT by 44.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,555 shares of the oil and gas producer's stock worth $2,379,000 after purchasing an additional 16,416 shares in the last quarter. D.A. Davidson & CO. increased its position in shares of EQT by 13.4% during the 4th quarter. D.A. Davidson & CO. now owns 6,467 shares of the oil and gas producer's stock valued at $298,000 after purchasing an additional 762 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of EQT in the 4th quarter worth $244,000. Nkcfo LLC bought a new stake in shares of EQT in the 4th quarter worth $738,000. Finally, Bradley Foster & Sargent Inc. CT lifted its holdings in shares of EQT by 31.9% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 67,004 shares of the oil and gas producer's stock valued at $3,090,000 after buying an additional 16,204 shares during the period. 90.81% of the stock is owned by institutional investors and hedge funds.

EQT Stock Down 2.0%

Shares of EQT stock traded down $1.16 on Wednesday, hitting $55.49. 4,438,649 shares of the company traded hands, compared to its average volume of 7,899,674. The company has a quick ratio of 0.51, a current ratio of 0.70 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 $57.37. The company has a 50-day moving average price of $52.46 and a 200 day moving average price of $50.09. The company has a market cap of $33.22 billion, a PE ratio of 138.73, a PEG ratio of 0.64 and a beta of 0.59.

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, topping 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 company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.16 billion. Sell-side analysts predict that EQT Co. will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Wednesday, May 7th were paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Wednesday, May 7th. EQT's payout ratio is 110.53%.

Wall Street Analysts Forecast Growth

EQT has been the topic of a number of research analyst reports. Morgan Stanley lifted 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. JPMorgan Chase & Co. raised their price objective on shares of EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. TD Cowen upgraded shares of EQT from a "hold" rating to a "buy" rating and set a $54.00 target price on the stock in a report on Tuesday, April 8th. Stephens cut their target price on shares of EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, Piper Sandler lifted their price target on shares of EQT from $35.00 to $48.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Two analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, EQT has a consensus rating of "Moderate Buy" and an average price target of $57.11.

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.