iA Global Asset Management Inc. Acquires New Position in EQT Co. (NYSE:EQT)

iA Global Asset Management Inc. acquired a new stake in shares of EQT Co. (NYSE:EQT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 126,480 shares of the oil and gas producer's stock, valued at approximately $5,832,000.

Other institutional investors have also made changes to their positions in the company. Teacher Retirement System of Texas bought a new position in EQT in the 4th quarter worth $244,000. Generali Investments Management Co LLC bought a new stake in EQT during the 4th quarter valued at approximately $69,000. Harvest Fund Management Co. Ltd grew its holdings in EQT by 1,489.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 2,733 shares of the oil and gas producer's stock valued at $126,000 after buying an additional 2,561 shares during the last quarter. Chesapeake Capital Corp IL bought a new position in EQT in the 4th quarter worth approximately $456,000. Finally, Boston Partners lifted its stake in shares of EQT by 7.2% in the fourth quarter. Boston Partners now owns 6,356,476 shares of the oil and gas producer's stock valued at $293,213,000 after buying an additional 429,630 shares during the period. 90.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EQT. Scotiabank cut shares of EQT from a "sector outperform" rating to a "sector perform" rating and lowered their target price for the company from $55.00 to $54.00 in a research note on Friday, January 17th. Morgan Stanley upped their price target on EQT from $45.00 to $56.00 and gave the company an "overweight" rating in a research report on Monday, November 25th. UBS Group increased their target price on shares of EQT from $54.00 to $58.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Stephens upgraded shares of EQT from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $41.00 to $59.00 in a research note on Tuesday, March 18th. Finally, Mizuho upgraded EQT from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $48.00 to $57.00 in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $54.50.

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EQT Stock Up 0.5 %

Shares of EQT stock traded up $0.25 during trading on Tuesday, hitting $54.25. The company's stock had a trading volume of 4,417,995 shares, compared to its average volume of 7,294,719. The company has a fifty day simple moving average of $51.33 and a two-hundred day simple moving average of $44.43. The company has a market capitalization of $32.41 billion, a PE ratio of 135.63, a P/E/G ratio of 0.64 and a beta of 1.12. EQT Co. has a 52 week low of $30.02 and a 52 week high of $56.66. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70.

EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.19. EQT had a return on equity of 4.35% and a net margin of 4.37%. The company had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.81 billion. Equities research analysts predict that EQT Co. will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT's payout ratio is currently 157.50%.

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.