Asset Management One Co. Ltd. Acquires 54,398 Shares of EQT Co. (NYSE:EQT)

Asset Management One Co. Ltd. raised its position in shares of EQT Co. (NYSE:EQT - Free Report) by 34.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 212,761 shares of the oil and gas producer's stock after buying an additional 54,398 shares during the quarter. Asset Management One Co. Ltd.'s holdings in EQT were worth $7,796,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Davis Investment Partners LLC boosted its holdings in EQT by 1.0% in the third quarter. Davis Investment Partners LLC now owns 30,908 shares of the oil and gas producer's stock worth $1,137,000 after purchasing an additional 317 shares in the last quarter. Motley Fool Asset Management LLC increased its holdings in shares of EQT by 5.1% during the 1st quarter. Motley Fool Asset Management LLC now owns 6,861 shares of the oil and gas producer's stock valued at $254,000 after acquiring an additional 336 shares during the last quarter. Hancock Whitney Corp raised its stake in shares of EQT by 3.0% in the 1st quarter. Hancock Whitney Corp now owns 14,603 shares of the oil and gas producer's stock valued at $541,000 after acquiring an additional 419 shares in the last quarter. J.W. Cole Advisors Inc. lifted its holdings in EQT by 7.4% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 6,121 shares of the oil and gas producer's stock worth $224,000 after purchasing an additional 421 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC boosted its position in EQT by 1.4% during the second quarter. SeaBridge Investment Advisors LLC now owns 30,792 shares of the oil and gas producer's stock worth $1,139,000 after purchasing an additional 431 shares during the period. Institutional investors and hedge funds own 90.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Bank of America initiated coverage on shares of EQT in a research report on Monday, October 28th. They issued a "buy" rating and a $50.00 price target on the stock. Stephens upped their price target on shares of EQT from $37.00 to $38.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Scotiabank lifted their price objective on EQT from $54.00 to $55.00 and gave the stock a "sector outperform" rating in a research note on Friday, July 12th. Citigroup raised EQT from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $37.00 to $44.00 in a research report on Thursday, October 3rd. Finally, BMO Capital Markets raised their target price on EQT from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.83.

EQT Price Performance

NYSE EQT traded up $0.53 on Friday, reaching $41.22. The company's stock had a trading volume of 6,872,641 shares, compared to its average volume of 7,055,656. EQT Co. has a 52 week low of $30.02 and a 52 week high of $42.44. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. The firm has a market cap of $24.60 billion, a PE ratio of 49.01 and a beta of 1.06. The business has a 50-day moving average price of $35.56 and a 200 day moving average price of $36.64.

EQT (NYSE:EQT - Get Free Report) last issued its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.06. The business had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. EQT's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 EPS. Sell-side analysts expect that EQT Co. will post 1.39 EPS for the current year.

EQT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th will be paid a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.63 annualized dividend and a dividend yield of 1.53%. EQT's dividend payout ratio is presently 75.00%.

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.