Nuveen Asset Management LLC Acquires 194,438 Shares of EQT Co. (NYSE:EQT)

Nuveen Asset Management LLC raised its holdings in shares of EQT Co. (NYSE:EQT - Free Report) by 14.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,530,008 shares of the oil and gas producer's stock after purchasing an additional 194,438 shares during the period. Nuveen Asset Management LLC owned approximately 0.26% of EQT worth $70,549,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of EQT by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 72,530,286 shares of the oil and gas producer's stock valued at $3,344,371,000 after acquiring an additional 358,649 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of EQT by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 14,427,307 shares of the oil and gas producer's stock valued at $663,552,000 after purchasing an additional 429,733 shares during the period. Capital International Investors increased its holdings in EQT by 21.3% during the 4th quarter. Capital International Investors now owns 13,855,244 shares of the oil and gas producer's stock worth $638,867,000 after purchasing an additional 2,433,632 shares during the period. Clearbridge Investments LLC lifted its position in shares of EQT by 14.7% in the 4th quarter. Clearbridge Investments LLC now owns 13,829,938 shares of the oil and gas producer's stock worth $637,698,000 after purchasing an additional 1,774,696 shares during the period. Finally, Invesco Ltd. boosted its position in EQT by 46.3% during the fourth quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer's stock valued at $606,059,000 after purchasing an additional 4,162,065 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on EQT shares. Morgan Stanley upped their price target on shares of EQT from $62.00 to $65.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Wells Fargo & Company upped their price target on EQT from $53.00 to $58.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. JPMorgan Chase & Co. increased their price target on EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. StockNews.com lowered shares of EQT from a "hold" rating to a "sell" rating in a research note on Monday, April 7th. Finally, Piper Sandler increased their price target on shares of EQT from $35.00 to $48.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, EQT currently has a consensus rating of "Moderate Buy" and a consensus target price of $56.67.

EQT Stock Up 1.0%

NYSE:EQT traded up $0.53 on Tuesday, hitting $56.09. The stock had a trading volume of 5,805,327 shares, compared to its average volume of 7,945,379. The company has a market cap of $33.58 billion, a PE ratio of 140.23, a P/E/G ratio of 0.64 and a beta of 0.59. 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 52 week low of $30.02 and a 52 week high of $57.31. The business's fifty day moving average is $51.71 and its 200 day moving average is $49.04.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.20. EQT had a return on equity of 4.35% and a net margin of 4.37%. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. On average, equities research analysts expect that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th will be issued a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $0.63 annualized dividend and a yield of 1.12%. EQT's dividend payout ratio (DPR) is presently 110.53%.

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.