Dimensional Fund Advisors LP boosted its stake in shares of EQT Co. (NYSE:EQT - Free Report) by 12.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,534,575 shares of the oil and gas producer's stock after purchasing an additional 380,564 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.86% of EQT worth $136,658,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of EQT. Vanguard Group Inc. increased its holdings 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 buying an additional 3,539,661 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of EQT by 61.9% in the 3rd quarter. Wellington Management Group LLP now owns 19,687,594 shares of the oil and gas producer's stock valued at $798,923,000 after acquiring an additional 7,526,875 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of EQT by 15.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,865,008 shares of the oil and gas producer's stock worth $149,421,000 after acquiring an additional 519,294 shares in the last quarter. Northern Trust Corp lifted its stake in EQT by 8.9% during the third quarter. Northern Trust Corp now owns 3,657,338 shares of the oil and gas producer's stock worth $148,415,000 after purchasing an additional 300,326 shares during the last quarter. Finally, Barclays PLC increased its stake in EQT by 16.3% in the third quarter. Barclays PLC now owns 1,847,603 shares of the oil and gas producer's stock valued at $74,979,000 after purchasing an additional 258,848 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.
EQT Stock Performance
Shares of EQT stock traded up $0.66 on Friday, reaching $41.17. 5,199,633 shares of the stock were exchanged, compared to its average volume of 6,549,159. The firm has a market capitalization of $18.18 billion, a PE ratio of 29.83 and a beta of 1.09. EQT Co. has a 1-year low of $32.07 and a 1-year high of $45.23. The business has a fifty day moving average price of $37.45 and a two-hundred day moving average price of $37.63. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32.
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, topping the consensus estimate of $0.65 by $0.17. The company had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.58 billion. EQT had a return on equity of 4.57% and a net margin of 10.96%. The firm's quarterly revenue was down 28.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.70 EPS. As a group, research analysts anticipate that EQT Co. will post 1.03 earnings per share for the current fiscal year.
EQT Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 8th will be issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Tuesday, May 7th. EQT's dividend payout ratio (DPR) is currently 45.65%.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on EQT. Jefferies Financial Group upped their target price on shares of EQT from $42.00 to $43.00 and gave the company a "buy" rating in a report on Friday, April 5th. StockNews.com upgraded shares of EQT to a "sell" rating in a research note on Tuesday, May 14th. The Goldman Sachs Group cut their target price on EQT from $48.00 to $43.00 and set a "buy" rating on the stock in a research report on Tuesday, April 2nd. Stephens upped their target price on EQT from $46.00 to $47.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 24th. Finally, Mizuho lifted their price target on EQT from $43.00 to $45.00 and gave the stock a "neutral" rating in a research report on Monday, May 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, EQT has a consensus rating of "Hold" and an average price target of $44.94.
Get Our Latest Report on EQT
About EQT
(
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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