APG Asset Management N.V. Acquires 7,672 Shares of EQT Co. (NYSE:EQT)

APG Asset Management N.V. boosted its stake in EQT Co. (NYSE:EQT - Free Report) by 11.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,836 shares of the oil and gas producer's stock after acquiring an additional 7,672 shares during the period. APG Asset Management N.V.'s holdings in EQT were worth $3,288,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EQT. Advisory Services Network LLC increased its position in shares of EQT by 53.5% during the fourth quarter. Advisory Services Network LLC now owns 13,160 shares of the oil and gas producer's stock worth $607,000 after buying an additional 4,589 shares during the period. Greenland Capital Management LP bought a new stake in EQT during the fourth quarter valued at $738,000. Bank of Nova Scotia grew its holdings in EQT by 37.0% during the 4th quarter. Bank of Nova Scotia now owns 85,379 shares of the oil and gas producer's stock worth $3,937,000 after acquiring an additional 23,047 shares during the period. FIL Ltd raised its position in shares of EQT by 5.8% in the 4th quarter. FIL Ltd now owns 106,842 shares of the oil and gas producer's stock worth $4,926,000 after acquiring an additional 5,894 shares in the last quarter. Finally, Twin Capital Management Inc. lifted its stake in shares of EQT by 1.1% in the 4th quarter. Twin Capital Management Inc. now owns 26,007 shares of the oil and gas producer's stock valued at $1,199,000 after purchasing an additional 278 shares during the period. Institutional investors and hedge funds own 90.81% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EQT. Scotiabank downgraded EQT from a "sector outperform" rating to a "sector perform" rating and lowered their target price for the stock from $55.00 to $54.00 in a report on Friday, January 17th. Wells Fargo & Company increased their target price 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 lifted 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. Stephens reduced their target price on EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a research note on Tuesday. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $67.00 price target (up previously from $63.00) on shares of EQT in a report on Wednesday, March 26th. Two 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, EQT currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.61.

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EQT Stock Performance

Shares of EQT stock traded up $0.74 during mid-day trading on Tuesday, hitting $50.71. 5,226,179 shares of the stock were exchanged, compared to its average volume of 7,763,966. EQT Co. has a 12 month low of $30.02 and a 12 month high of $56.66. The company has a 50-day simple moving average of $50.87 and a 200 day simple moving average of $46.35. The company has a market capitalization of $30.30 billion, a P/E ratio of 126.79, a P/E/G ratio of 0.64 and a beta of 1.35. 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 issued its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS 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%. Sell-side analysts anticipate that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.24%. EQT's dividend payout ratio is presently 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.