Norinchukin Bank The Grows Holdings in EQT Corporation $EQT

Key Points

• Norinchukin Bank increased its holdings in EQT Corporation by 16.7% during Q1, now owning 34,022 shares valued at approximately $1.8 million.
• Several institutional investors, including CW Advisors LLC and Banco BTG Pactual S.A., also increased their stakes in EQT during the same period, indicating strong interest from the investment community.
• EQT has received mixed ratings from analysts, with targets ranging from $57.00 to $68.00, reflecting differing outlooks on the company's performance.

Norinchukin Bank The grew its holdings in shares of EQT Corporation (NYSE:EQT - Free Report) by 16.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,022 shares of the oil and gas producer's stock after buying an additional 4,864 shares during the quarter. Norinchukin Bank The's holdings in EQT were worth $1,818,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. CW Advisors LLC purchased a new position in shares of EQT during the 1st quarter valued at approximately $539,000. Summit Financial LLC boosted its stake in shares of EQT by 7.6% during the 1st quarter. Summit Financial LLC now owns 12,312 shares of the oil and gas producer's stock valued at $658,000 after buying an additional 874 shares during the last quarter. Candriam S.C.A. boosted its stake in shares of EQT by 2.6% during the 1st quarter. Candriam S.C.A. now owns 43,195 shares of the oil and gas producer's stock valued at $2,308,000 after buying an additional 1,108 shares during the last quarter. Banco BTG Pactual S.A. boosted its stake in shares of EQT by 50.0% during the 1st quarter. Banco BTG Pactual S.A. now owns 6,900 shares of the oil and gas producer's stock valued at $369,000 after buying an additional 2,300 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted its stake in shares of EQT by 13.7% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 7,282 shares of the oil and gas producer's stock valued at $389,000 after buying an additional 876 shares during the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EQT has been the subject of several research analyst reports. Wells Fargo & Company increased their target price on EQT from $59.00 to $63.00 and gave the company an "overweight" rating in a research note on Monday, June 16th. Melius began coverage on EQT in a research report on Wednesday. They set a "buy" rating and a $64.00 price target on the stock. Melius Research began coverage on EQT in a research report on Wednesday. They set a "buy" rating and a $64.00 price target on the stock. Barclays upped their price target on EQT from $65.00 to $68.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Roth Capital lowered EQT from a "strong-buy" rating to a "neutral" rating and dropped their price target for the company from $75.00 to $57.00 in a research report on Monday. Fifteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $62.14.

EQT Price Performance

Shares of NYSE EQT opened at $51.9160 on Friday. EQT Corporation has a 1-year low of $31.45 and a 1-year high of $61.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.71 and a quick ratio of 0.71. The business's fifty day moving average price is $54.91 and its two-hundred day moving average price is $53.13. The firm has a market capitalization of $32.40 billion, a PE ratio of 28.06, a P/E/G ratio of 0.38 and a beta of 0.59.

EQT (NYSE:EQT - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The oil and gas producer reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.07). EQT had a return on equity of 6.24% and a net margin of 15.87%.The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period in the prior year, the business earned ($0.08) earnings per share. On average, research analysts expect that EQT Corporation will post 3.27 EPS for the current year.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 6th will be issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, August 6th. EQT's dividend payout ratio (DPR) is 34.05%.

Insiders Place Their Bets

In other news, Director Vicky A. Bailey sold 4,259 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $51.56, for a total transaction of $219,594.04. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Sarah Fenton sold 12,438 shares of the firm's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $51.94, for a total value of $646,029.72. Following the transaction, the executive vice president directly owned 13,297 shares in the company, valued at $690,646.18. This trade represents a 48.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by company insiders.

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.

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