Sumitomo Mitsui DS Asset Management Company Ltd Grows Stock Holdings in EQT Corporation (NYSE:EQT)

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in EQT Corporation (NYSE:EQT - Free Report) by 15.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 70,204 shares of the oil and gas producer's stock after purchasing an additional 9,172 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in EQT were worth $3,751,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of EQT. University of Texas Texas AM Investment Management Co. increased its position in EQT by 47.7% in the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer's stock worth $44,000 after purchasing an additional 310 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in EQT by 26.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock worth $45,000 after purchasing an additional 205 shares during the last quarter. Mascagni Wealth Management Inc. bought a new stake in EQT in the fourth quarter worth $55,000. Larson Financial Group LLC increased its position in EQT by 1,343.8% in the fourth quarter. Larson Financial Group LLC now owns 1,386 shares of the oil and gas producer's stock worth $64,000 after purchasing an additional 1,290 shares during the last quarter. Finally, Colonial Trust Co SC increased its position in EQT by 255.5% in the fourth quarter. Colonial Trust Co SC now owns 1,422 shares of the oil and gas producer's stock worth $66,000 after purchasing an additional 1,022 shares during the last quarter. Institutional investors own 90.81% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company increased their target price on shares of EQT from $59.00 to $63.00 and gave the company an "overweight" rating in a research note on Monday, June 16th. Wall Street Zen downgraded shares of EQT from a "hold" rating to a "sell" rating in a research note on Monday, April 7th. Citigroup increased 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. Scotiabank reissued a "sector perform" rating and issued a $62.00 target price (up previously from $57.00) on shares of EQT in a research note on Thursday, May 22nd. Finally, Piper Sandler increased their target price on shares of EQT from $35.00 to $48.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Two analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $58.00.

EQT Trading Down 1.4%

Shares of NYSE EQT traded down $0.79 during mid-day trading on Friday, reaching $55.36. The company had a trading volume of 4,295,628 shares, compared to its average volume of 7,983,694. The business's 50-day moving average is $55.71 and its 200-day moving average is $51.99. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.33. The stock has a market cap of $33.15 billion, a price-to-earnings ratio of 97.12, a price-to-earnings-growth ratio of 0.34 and a beta of 0.65. EQT Corporation has a 52 week low of $30.02 and a 52 week high of $61.02.

EQT (NYSE:EQT - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.20. EQT had a net margin of 6.59% and a return on equity of 5.52%. The company had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.16 billion. Equities analysts expect that EQT Corporation will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

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

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.