American Century Companies Inc. Cuts Position in EQT Co. (NYSE:EQT)

American Century Companies Inc. reduced its stake in shares of EQT Co. (NYSE:EQT - Free Report) by 31.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,391,732 shares of the oil and gas producer's stock after selling 1,073,249 shares during the period. American Century Companies Inc. owned approximately 0.40% of EQT worth $110,283,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP lifted its stake in shares of EQT by 38.7% in 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 purchasing an additional 20,700,921 shares during the period. State Street Corp raised its position in shares of EQT by 24.5% in 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 period. Geode Capital Management LLC boosted its stake in shares of EQT by 34.4% during the 3rd quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer's stock worth $511,159,000 after acquiring an additional 3,582,418 shares in the last quarter. Boston Partners grew its position in shares of EQT by 7.2% during the 4th quarter. Boston Partners now owns 6,356,476 shares of the oil and gas producer's stock valued at $293,213,000 after acquiring an additional 429,630 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of EQT by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,093,857 shares of the oil and gas producer's stock valued at $234,878,000 after purchasing an additional 80,799 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company's stock.

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EQT Trading Down 2.5 %

EQT stock traded down $1.36 during trading on Wednesday, reaching $52.89. 7,309,949 shares of the stock were exchanged, compared to its average volume of 7,286,154. The business has a 50 day moving average price of $51.41 and a 200-day moving average price of $44.64. EQT Co. has a 1 year low of $30.02 and a 1 year high of $56.66. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $31.60 billion, a price-to-earnings ratio of 132.23, a P/E/G ratio of 0.64 and a beta of 1.12.

EQT (NYSE:EQT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $1.81 billion. On average, 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. Investors of record on Tuesday, February 18th were issued a $0.1575 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 annualized dividend and a yield of 1.19%. EQT's dividend payout ratio (DPR) is currently 157.50%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Citigroup boosted their price objective on EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, March 17th. Truist Financial increased their price objective on shares of EQT from $41.00 to $56.00 and gave the company a "hold" rating in a report on Monday, January 13th. Morgan Stanley reissued an "overweight" rating on shares of EQT in a research note on Wednesday. Piper Sandler raised their price target on shares of EQT from $35.00 to $36.00 and gave the company a "neutral" rating in a research note on Thursday, March 6th. Finally, Jefferies Financial Group increased their target price on EQT from $45.00 to $55.00 and gave the company a "buy" rating in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $54.50.

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.