Mirae Asset Global Investments Co. Ltd. Has $3.99 Million Position in EQT Corporation (NYSE:EQT)

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of EQT Corporation (NYSE:EQT - Free Report) by 40.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,252 shares of the oil and gas producer's stock after purchasing an additional 21,697 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in EQT were worth $3,989,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. University of Texas Texas AM Investment Management Co. raised its position in EQT by 47.7% in the 4th 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 stake in shares of EQT by 26.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock valued at $45,000 after buying an additional 205 shares during the period. Parkside Financial Bank & Trust raised its position in shares of EQT by 22.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock worth $48,000 after acquiring an additional 193 shares during the last quarter. Mascagni Wealth Management Inc. acquired a new position in shares of EQT during the fourth quarter valued at $55,000. Finally, Larson Financial Group LLC lifted its stake in shares of EQT by 1,343.8% during the fourth quarter. Larson Financial Group LLC now owns 1,386 shares of the oil and gas producer's stock valued at $64,000 after acquiring an additional 1,290 shares during the period. 90.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on EQT. Piper Sandler lifted their price objective on EQT from $35.00 to $48.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Citigroup lifted their price target on shares of EQT from $51.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. Wall Street Zen downgraded shares of EQT from a "hold" rating to a "sell" rating in a research note on Monday, April 7th. UBS Group upgraded shares of EQT from a "neutral" rating to a "buy" rating and increased their price objective for the company from $54.00 to $64.00 in a report on Monday, May 5th. Finally, Stephens lowered their target price on shares of EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, EQT presently has an average rating of "Moderate Buy" and an average price target of $58.00.

EQT Trading Down 1.4%

EQT stock traded down $0.79 during midday trading on Friday, hitting $55.36. 4,295,628 shares of the company's stock were exchanged, compared to its average volume of 7,983,694. EQT Corporation has a one year low of $30.02 and a one year high of $61.02. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.57 and a current ratio of 0.57. The company has a market cap of $33.14 billion, a PE ratio of 97.12, a price-to-earnings-growth ratio of 0.34 and a beta of 0.65. The stock's fifty day moving average price is $55.61 and its 200-day moving average price is $51.91.

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

EQT Announces Dividend

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

About EQT

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.