EQT Co. (NYSE:EQT) Shares Purchased by Adams Natural Resources Fund Inc.

Adams Natural Resources Fund Inc. lifted its position in EQT Co. (NYSE:EQT - Free Report) by 63.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 89,300 shares of the oil and gas producer's stock after purchasing an additional 34,700 shares during the quarter. Adams Natural Resources Fund Inc.'s holdings in EQT were worth $4,118,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EQT. Wellington Management Group LLP raised its position in shares of EQT by 38.7% during the 3rd quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer's stock valued at $2,716,968,000 after buying an additional 20,700,921 shares during the period. State Street Corp increased its stake in EQT by 24.5% during the third quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer's stock worth $1,359,183,000 after acquiring an additional 7,290,822 shares during the last quarter. Geode Capital Management LLC raised its position in EQT by 34.4% in the third quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer's stock valued at $511,159,000 after purchasing an additional 3,582,418 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of EQT by 386.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,347,660 shares of the oil and gas producer's stock valued at $205,830,000 after purchasing an additional 3,454,741 shares during the last quarter. Finally, Holocene Advisors LP purchased a new position in shares of EQT during the 3rd quarter worth $97,979,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several brokerages recently issued reports on EQT. UBS Group boosted their price objective on shares of EQT from $54.00 to $58.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Truist Financial boosted their price target on shares of EQT from $41.00 to $56.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Morgan Stanley lifted their target price on shares of EQT from $45.00 to $56.00 and gave the company an "overweight" rating in a report on Monday, November 25th. Wells Fargo & Company upped their price target on EQT from $53.00 to $58.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. Finally, The Goldman Sachs Group reaffirmed a "reduce" rating on shares of EQT in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $54.50.

EQT Stock Performance

NYSE:EQT traded up $0.25 during trading hours on Tuesday, reaching $54.25. 4,417,995 shares of the company's stock were exchanged, compared to its average volume of 7,286,021. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $32.41 billion, a price-to-earnings ratio of 135.63, a P/E/G ratio of 0.64 and a beta of 1.12. EQT Co. has a 1-year low of $30.02 and a 1-year high of $56.66. The company has a 50-day moving average of $51.40 and a 200 day moving average of $44.58.

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

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a $0.1575 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a yield of 1.16%. EQT's dividend payout ratio (DPR) is 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.