Freestone Grove Partners LP bought a new position in shares of EQT Co. (NYSE:EQT - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 517,261 shares of the oil and gas producer's stock, valued at approximately $23,851,000. Freestone Grove Partners LP owned approximately 0.09% of EQT as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake 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 buying an additional 358,649 shares in the last quarter. Geode Capital Management LLC increased its position in EQT by 3.1% in the 4th 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 acquiring an additional 429,733 shares in the last quarter. Capital International Investors increased its position in EQT by 21.3% in the 4th quarter. Capital International Investors now owns 13,855,244 shares of the oil and gas producer's stock valued at $638,867,000 after acquiring an additional 2,433,632 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of EQT by 14.7% in the fourth quarter. Clearbridge Investments LLC now owns 13,829,938 shares of the oil and gas producer's stock worth $637,698,000 after acquiring an additional 1,774,696 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of EQT by 46.3% during the fourth quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer's stock worth $606,059,000 after purchasing an additional 4,162,065 shares in the last quarter. 90.81% of the stock is owned by institutional investors.
EQT Stock Up 3.2 %
EQT stock traded up $1.65 during trading hours on Monday, reaching $53.50. 9,240,167 shares of the stock were exchanged, compared to its average volume of 7,843,692. The firm's 50-day moving average is $50.27 and its 200-day moving average is $47.65. EQT Co. has a 12 month low of $30.02 and a 12 month high of $56.66. The company has a market cap of $32.03 billion, a price-to-earnings ratio of 133.75, a PEG ratio of 0.64 and a beta of 1.35. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51.
EQT (NYSE:EQT - Get Free Report) last announced its earnings results 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 business 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 earnings per share for the current year.
EQT Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 7th will be given a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Wednesday, May 7th. EQT's dividend payout ratio (DPR) is currently 110.53%.
Wall Street Analyst Weigh In
EQT has been the subject of several research analyst reports. Scotiabank cut shares of EQT from a "sector outperform" rating to a "sector perform" rating and dropped their price objective for the stock from $55.00 to $54.00 in a research report on Friday, January 17th. Sanford C. Bernstein upgraded EQT from a "market perform" rating to an "outperform" rating and set a $73.00 target price for the company in a research report on Wednesday, January 15th. Citigroup raised their price target on EQT from $51.00 to $60.00 and gave the company a "buy" rating in a report on Monday, March 17th. TD Cowen raised EQT from a "hold" rating to a "buy" rating and set a $54.00 price objective for the company in a report on Tuesday, April 8th. Finally, Morgan Stanley upped their target price on shares of EQT from $62.00 to $65.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. 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. Based on data from MarketBeat.com, EQT presently has a consensus rating of "Moderate Buy" and an average target price of $55.94.
Check Out Our Latest Analysis on EQT
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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