Amundi Has $131.29 Million Stock Holdings in EQT Co. (NYSE:EQT)

Amundi reduced its position in shares of EQT Co. (NYSE:EQT - Free Report) by 16.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,679,419 shares of the oil and gas producer's stock after selling 509,457 shares during the period. Amundi owned approximately 0.45% of EQT worth $131,292,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new stake in EQT during the 3rd quarter worth approximately $30,000. Quarry LP lifted its holdings in EQT by 184.7% during the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer's stock worth $33,000 after purchasing an additional 578 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in EQT during the 3rd quarter worth approximately $36,000. Financial Avengers Inc. lifted its holdings in EQT by 100.8% during the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer's stock worth $37,000 after purchasing an additional 504 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in EQT by 22.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock worth $48,000 after purchasing an additional 193 shares during the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. UBS Group lifted their price objective on EQT from $54.00 to $58.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $49.00 price objective on shares of EQT in a report on Monday, January 6th. StockNews.com raised EQT to a "sell" rating in a report on Saturday, February 8th. Jefferies Financial Group lifted their price objective on EQT from $45.00 to $55.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Finally, Mizuho raised EQT from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $48.00 to $57.00 in a report on Monday, December 16th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $52.44.

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EQT Price Performance

EQT stock traded up $1.63 during midday trading on Tuesday, reaching $49.12. 8,335,161 shares of the stock were exchanged, compared to its average volume of 8,849,758. The stock has a market capitalization of $29.35 billion, a PE ratio of 122.80, 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 current ratio of 0.70 and a quick ratio of 0.51. The company has a fifty day moving average price of $50.59 and a 200 day moving average price of $43.13.

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 analysts' consensus estimates of $0.50 by $0.19. The business 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%. As a group, analysts expect that EQT Co. will post 3.27 EPS for the current fiscal 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 dividend of $0.1575 per share. 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 1.28%. EQT's dividend payout ratio is currently 157.50%.

About EQT

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.