Mitsubishi UFJ Asset Management Co. Ltd. Has $15.43 Million Position in EQT Co. (NYSE:EQT)

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in EQT Co. (NYSE:EQT - Free Report) by 20.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 398,352 shares of the oil and gas producer's stock after acquiring an additional 67,730 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.10% of EQT worth $15,428,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in EQT. Vanguard Group Inc. raised its holdings in shares of 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 worth $1,822,027,000 after acquiring an additional 3,539,661 shares during the last quarter. Wellington Management Group LLP lifted its position 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 purchasing an additional 7,526,875 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in EQT by 15.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,865,008 shares of the oil and gas producer's stock valued at $149,421,000 after buying an additional 519,294 shares during the last quarter. Northern Trust Corp raised its position in shares of EQT by 8.9% in the 3rd quarter. Northern Trust Corp now owns 3,657,338 shares of the oil and gas producer's stock valued at $148,415,000 after purchasing an additional 300,326 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in EQT by 12.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,534,575 shares of the oil and gas producer's stock worth $136,658,000 after acquiring an additional 380,564 shares in the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wells Fargo & Company cut EQT from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $48.00 to $37.00 in a research note on Wednesday, April 17th. Mizuho increased their price target on shares of EQT from $43.00 to $45.00 and gave the stock a "neutral" rating in a research report on Monday, May 13th. Stephens boosted their price objective on shares of EQT from $46.00 to $47.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 24th. StockNews.com upgraded shares of EQT to a "sell" rating in a report on Tuesday. Finally, Truist Financial reduced their price objective on EQT from $37.00 to $35.00 and set a "hold" rating for the company in a research report on Friday, April 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $44.94.

EQT Price Performance

EQT stock traded up $0.66 during mid-day trading on Friday, reaching $41.17. The company had a trading volume of 5,199,633 shares, compared to its average volume of 6,549,159. EQT Co. has a fifty-two week low of $32.07 and a fifty-two week high of $45.23. The company has a market cap of $18.18 billion, a P/E ratio of 29.84 and a beta of 1.09. 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 business has a fifty day simple moving average of $37.45 and a 200 day simple moving average of $37.70.

EQT (NYSE:EQT - Get Free Report) last released its earnings results on Tuesday, April 23rd. The oil and gas producer reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $1.58 billion. During the same quarter in the previous year, the business earned $1.70 earnings per share. EQT's revenue for the quarter was down 28.8% on a year-over-year basis. On average, equities research analysts predict that EQT Co. will post 1.03 earnings per share for the current year.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 8th will be paid a dividend of $0.1575 per share. The ex-dividend date is Tuesday, May 7th. This represents a $0.63 annualized dividend and a dividend yield of 1.53%. EQT's 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.