EQT Co. (NYSE:EQT) Holdings Raised by Jennison Associates LLC

Jennison Associates LLC increased its stake in EQT Co. (NYSE:EQT - Free Report) by 50.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 231,335 shares of the oil and gas producer's stock after acquiring an additional 77,663 shares during the quarter. Jennison Associates LLC owned approximately 0.06% of EQT worth $8,943,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EQT. Compound Global Advisors LLC lifted its position in EQT by 130.2% in the fourth quarter. Compound Global Advisors LLC now owns 409,545 shares of the oil and gas producer's stock valued at $15,833,000 after buying an additional 231,651 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in EQT by 212.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 174,346 shares of the oil and gas producer's stock valued at $6,740,000 after purchasing an additional 118,482 shares during the last quarter. Vanguard Group Inc. increased its stake in EQT by 8.6% in the third quarter. Vanguard Group Inc. now owns 44,899,640 shares of the oil and gas producer's stock valued at $1,822,027,000 after purchasing an additional 3,539,661 shares during the last quarter. Bank of New York Mellon Corp increased its stake in EQT by 6.5% in the third quarter. Bank of New York Mellon Corp now owns 18,037,923 shares of the oil and gas producer's stock valued at $731,979,000 after purchasing an additional 1,098,211 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC increased its stake in EQT by 13.0% in the fourth quarter. Chevy Chase Trust Holdings LLC now owns 230,774 shares of the oil and gas producer's stock valued at $8,922,000 after purchasing an additional 26,484 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company's stock.

Analyst Ratings Changes

EQT has been the subject of several research analyst reports. Truist Financial decreased their price objective on EQT from $37.00 to $35.00 and set a "hold" rating for the company in a report on Friday, April 5th. Jefferies Financial Group increased their price objective on EQT from $42.00 to $43.00 and gave the company a "buy" rating in a report on Friday, April 5th. Wells Fargo & Company downgraded EQT from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $48.00 to $37.00 in a report on Wednesday, April 17th. Stephens increased their price target on EQT from $46.00 to $47.00 and gave the stock an "equal weight" rating in a report on Wednesday. Finally, TD Cowen assumed coverage on EQT in a report on Friday, April 19th. They set a "hold" rating and a $43.00 price target for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, EQT has an average rating of "Hold" and an average target price of $44.25.

EQT Price Performance

Shares of EQT stock traded up $0.20 during mid-day trading on Friday, reaching $40.61. The stock had a trading volume of 7,059,896 shares, compared to its average volume of 6,116,710. EQT Co. has a 12-month low of $30.84 and a 12-month high of $45.23. The company has a market cap of $17.93 billion, a P/E ratio of 29.43 and a beta of 1.12. The business has a 50-day simple moving average of $36.43 and a 200 day simple moving average of $37.94. The company has a current ratio of 0.88, a quick ratio of 0.99 and a debt-to-equity ratio of 0.32.

EQT (NYSE:EQT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The oil and gas producer reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.17. EQT had a return on equity of 4.57% and a net margin of 10.96%. The business had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.58 billion. During the same quarter last year, the business posted $1.70 earnings per share. The business's revenue for the quarter was down 28.8% on a year-over-year basis. On average, sell-side analysts anticipate that EQT Co. will post 0.99 earnings per share for the current year.

EQT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 8th will be given a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Tuesday, May 7th. EQT's dividend payout ratio is currently 45.65%.

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.