Swiss National Bank Raises Holdings in EQT Co. (NYSE:EQT)

Swiss National Bank grew its stake in EQT Co. (NYSE:EQT - Free Report) by 5.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,221,659 shares of the oil and gas producer's stock after acquiring an additional 58,400 shares during the period. Swiss National Bank owned 0.30% of EQT worth $47,229,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in shares of EQT by 61.9% during the third quarter. Wellington Management Group LLP now owns 19,687,594 shares of the oil and gas producer's stock worth $798,923,000 after buying an additional 7,526,875 shares during the period. Vanguard Group Inc. lifted its stake in shares of EQT by 8.6% during the third quarter. Vanguard Group Inc. now owns 44,899,640 shares of the oil and gas producer's stock worth $1,822,027,000 after buying an additional 3,539,661 shares during the period. Los Angeles Capital Management LLC lifted its stake in shares of EQT by 4,257.7% during the third quarter. Los Angeles Capital Management LLC now owns 800,066 shares of the oil and gas producer's stock worth $32,467,000 after buying an additional 781,706 shares during the period. Fiera Capital Corp acquired a new stake in shares of EQT during the third quarter worth $28,017,000. Finally, Cookson Peirce & Co. Inc. acquired a new stake in shares of EQT during the third quarter worth $23,320,000. 90.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on EQT shares. StockNews.com upgraded shares of EQT to a "sell" rating in a research report on Tuesday, March 12th. Scotiabank upgraded shares of EQT from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the company from $40.00 to $52.00 in a research report on Thursday, April 11th. Sanford C. Bernstein upgraded shares of EQT from an "underperform" rating to a "market perform" rating and boosted their target price for the company from $27.00 to $34.00 in a research report on Wednesday, April 10th. The Goldman Sachs Group decreased their target price on shares of EQT from $48.00 to $43.00 and set a "buy" rating for the company in a research report on Tuesday, April 2nd. Finally, Mizuho upped their price objective on shares of EQT from $40.00 to $43.00 and gave the stock a "neutral" rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $44.56.

EQT Trading Down 1.3 %

Shares of NYSE EQT traded down $0.54 during midday trading on Tuesday, reaching $40.50. 5,961,115 shares of the stock were exchanged, compared to its average volume of 6,580,210. The stock has a 50 day moving average price of $36.98 and a 200-day moving average price of $37.75. EQT Co. has a 52-week low of $31.58 and a 52-week high of $45.23. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $17.88 billion, a P/E ratio of 29.35 and a beta of 1.09.

EQT (NYSE:EQT - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The oil and gas producer reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.17. EQT had a net margin of 10.96% and a return on equity of 4.57%. The business had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.58 billion. During the same period in the previous year, the company posted $1.70 earnings per share. The business's revenue for the quarter was down 28.8% compared to the same quarter last year. Equities research analysts expect that EQT Co. will post 1.14 earnings per share for the current fiscal year.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 8th will be issued a $0.1575 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $0.63 annualized dividend and a yield of 1.56%. EQT's dividend payout ratio is presently 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.