Rhumbline Advisers decreased its holdings in EQT Co. (NYSE:EQT - Free Report) by 5.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,064,099 shares of the oil and gas producer's stock after selling 60,483 shares during the period. Rhumbline Advisers owned approximately 0.18% of EQT worth $56,855,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the business. Mediolanum International Funds Ltd raised its stake in EQT by 140.5% during the fourth quarter. Mediolanum International Funds Ltd now owns 15,940 shares of the oil and gas producer's stock worth $741,000 after acquiring an additional 9,313 shares in the last quarter. Caprock Group LLC grew its holdings in shares of EQT by 25.7% during the 4th quarter. Caprock Group LLC now owns 7,663 shares of the oil and gas producer's stock valued at $353,000 after purchasing an additional 1,565 shares during the last quarter. Journey Strategic Wealth LLC acquired a new position in EQT during the 4th quarter worth approximately $235,000. Greenleaf Trust boosted its position in EQT by 1.8% in the fourth quarter. Greenleaf Trust now owns 19,477 shares of the oil and gas producer's stock valued at $898,000 after buying an additional 349 shares in the last quarter. Finally, Resonant Capital Advisors LLC grew its stake in shares of EQT by 1.3% during the fourth quarter. Resonant Capital Advisors LLC now owns 29,968 shares of the oil and gas producer's stock worth $1,382,000 after buying an additional 394 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on EQT shares. Mizuho boosted their price objective on EQT from $57.00 to $60.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. Stephens lowered their price objective on EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Scotiabank reiterated a "sector perform" rating and set a $62.00 target price (up from $57.00) on shares of EQT in a research report on Thursday, May 22nd. Morgan Stanley boosted their price objective on shares of EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Finally, UBS Group raised EQT from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $54.00 to $64.00 in a report on Monday, May 5th. Two research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $57.11.
View Our Latest Stock Analysis on EQT
EQT Stock Down 2.0%
EQT stock traded down $1.16 during mid-day trading on Wednesday, reaching $55.49. The stock had a trading volume of 4,438,649 shares, compared to its average volume of 7,899,674. The firm has a market capitalization of $33.22 billion, a PE ratio of 138.73, a price-to-earnings-growth ratio of 0.64 and a beta of 0.59. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $57.37. The stock's 50-day simple moving average is $52.46 and its 200-day simple moving average is $50.09. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70.
EQT (NYSE:EQT - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.20. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. On average, sell-side analysts forecast that EQT Co. will post 3.27 EPS for the current fiscal year.
EQT Dividend Announcement
The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Wednesday, May 7th. EQT's dividend payout ratio is 110.53%.
EQT Profile
(
Free Report)
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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