T. Rowe Price Investment Management Inc. Has $758.98 Million Holdings in EQT Co. (NYSE:EQT)

T. Rowe Price Investment Management Inc. trimmed its position in EQT Co. (NYSE:EQT - Free Report) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,460,087 shares of the oil and gas producer's stock after selling 76,437 shares during the quarter. T. Rowe Price Investment Management Inc. owned 2.76% of EQT worth $758,975,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bard Financial Services Inc. acquired a new stake in EQT in the 3rd quarter valued at $878,000. Wilmington Savings Fund Society FSB bought a new stake in shares of EQT in the 3rd quarter worth about $165,000. Blankinship & Foster LLC acquired a new stake in shares of EQT during the 3rd quarter worth about $4,051,000. Tidal Investments LLC lifted its holdings in EQT by 55.8% during the 3rd quarter. Tidal Investments LLC now owns 60,816 shares of the oil and gas producer's stock valued at $2,228,000 after purchasing an additional 21,789 shares during the last quarter. Finally, Synovus Financial Corp acquired a new position in shares of EQT in the 3rd quarter worth approximately $1,069,000. 90.81% of the stock is owned by institutional investors.

EQT Stock Up 1.5 %

Shares of EQT stock traded up $0.77 during trading on Monday, reaching $51.01. 2,075,029 shares of the company traded hands, compared to its average volume of 8,663,403. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The firm has a market capitalization of $30.53 billion, a PE ratio of 127.52, a P/E/G ratio of 0.64 and a beta of 1.35. The company has a 50 day moving average price of $50.31 and a 200-day moving average price of $47.16. EQT Co. has a 1-year low of $30.02 and a 1-year high of $56.66.

EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.16 billion. As a group, equities research analysts expect that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th will be issued a dividend of $0.1575 per share. The ex-dividend date is Wednesday, May 7th. This represents a $0.63 annualized dividend and a dividend yield of 1.24%. EQT's dividend payout ratio is 110.53%.

Analyst Ratings Changes

EQT has been the subject of several research analyst reports. TD Cowen upgraded shares of EQT from a "hold" rating to a "buy" rating and set a $54.00 price objective for the company in a research report on Tuesday, April 8th. Scotiabank downgraded EQT from a "sector outperform" rating to a "sector perform" rating and decreased their price target for the company from $55.00 to $54.00 in a research note on Friday, January 17th. Wells Fargo & Company boosted their price objective on shares of EQT from $53.00 to $58.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. Jefferies Financial Group upped their price target on shares of EQT from $45.00 to $55.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. upped their price target on shares of EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $55.39.

EQT 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.