Mufg Securities Americas Inc. acquired a new position in EQT Co. (NYSE:EQT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,808 shares of the oil and gas producer's stock, valued at approximately $406,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of EQT. Vanguard Group Inc. grew its holdings in EQT by 0.5% in the 4th 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 during the last quarter. Geode Capital Management LLC grew 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 worth $663,552,000 after purchasing an additional 429,733 shares during the last quarter. Capital International Investors increased its holdings in shares of 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 raised its position in shares of EQT by 14.7% during the fourth quarter. Clearbridge Investments LLC now owns 13,829,938 shares of the oil and gas producer's stock valued at $637,698,000 after buying an additional 1,774,696 shares during the last quarter. Finally, Invesco Ltd. grew 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 worth $606,059,000 after buying an additional 4,162,065 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.
EQT Price Performance
Shares of NYSE:EQT traded down $0.36 during trading on Monday, reaching $55.50. 6,377,397 shares of the company traded hands, compared to its average volume of 7,944,366. 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 $57.04. The firm has a market capitalization of $33.22 billion, a PE ratio of 138.75, a PEG ratio of 0.64 and a beta of 0.59. The company's 50 day moving average is $51.59 and its two-hundred day moving average is $48.90.
EQT (NYSE:EQT - Get Free Report) last announced 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 net margin of 4.37% and a return on equity of 4.35%. The business had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.16 billion. As a group, sell-side analysts predict that EQT Co. will post 3.27 earnings per share for the current year.
EQT Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th will be paid a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.14%. EQT's payout ratio is currently 110.53%.
Analyst Ratings Changes
A number of research firms have recently issued reports on EQT. The Goldman Sachs Group restated a "reduce" rating on shares of EQT in a research report on Wednesday, February 12th. StockNews.com downgraded shares of EQT from a "hold" rating to a "sell" rating in a report on Monday, April 7th. Citigroup lifted their price objective on EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, March 17th. Mizuho lifted their target price on EQT from $57.00 to $60.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. Finally, Wells Fargo & Company raised their price objective on shares of EQT from $53.00 to $58.00 and gave the company an "overweight" rating in a research note on Wednesday, March 19th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, EQT has a consensus rating of "Moderate Buy" and a consensus price target of $56.67.
Read Our Latest Stock Report on EQT
EQT Company 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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