155,802 Shares in EQT Corporation (NYSE:EQT) Acquired by Ninety One UK Ltd

Ninety One UK Ltd bought a new stake in EQT Corporation (NYSE:EQT - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 155,802 shares of the oil and gas producer's stock, valued at approximately $8,325,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. lifted its stake in shares of 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 valued at $44,000 after acquiring an additional 310 shares during the last quarter. EverSource Wealth Advisors LLC lifted 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 acquiring an additional 205 shares during the last quarter. Mascagni Wealth Management Inc. bought a new stake in shares of EQT in the 4th quarter valued at about $55,000. Larson Financial Group LLC lifted its stake in shares of EQT by 1,343.8% in the 4th 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 last quarter. Finally, Colonial Trust Co SC lifted its stake in shares of EQT by 255.5% in the 4th quarter. Colonial Trust Co SC now owns 1,422 shares of the oil and gas producer's stock valued at $66,000 after acquiring an additional 1,022 shares during the last quarter. Institutional investors own 90.81% of the company's stock.

EQT Stock Down 0.7%

Shares of NYSE:EQT traded down $0.37 during trading on Thursday, hitting $54.51. The stock had a trading volume of 8,486,401 shares, compared to its average volume of 8,036,757. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $32.64 billion, a PE ratio of 95.63, a PEG ratio of 0.35 and a beta of 0.65. The firm's fifty day moving average is $55.99 and its 200 day moving average is $52.24. EQT Corporation has a 12 month low of $30.02 and a 12 month high of $61.02.

EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, topping 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%. Analysts anticipate that EQT Corporation will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Wednesday, May 7th were paid a $0.1575 dividend. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $0.63 annualized dividend and a dividend yield of 1.16%. EQT's payout ratio is currently 110.53%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EQT. Piper Sandler upped their price target on EQT from $35.00 to $48.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Wall Street Zen lowered EQT from a "hold" rating to a "sell" rating in a research report on Monday, April 7th. Citigroup upped their price target on EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, March 17th. UBS Group raised EQT from a "neutral" rating to a "buy" rating and upped their price target for the company from $54.00 to $64.00 in a research report on Monday, May 5th. Finally, Wells Fargo & Company upped their price target on EQT from $59.00 to $63.00 and gave the company an "overweight" rating in a research report on Monday, June 16th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $59.95.

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.