Aviva PLC bought a new stake in EQT Co. (NYSE:EQT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 319,206 shares of the oil and gas producer's stock, valued at approximately $14,719,000. Aviva PLC owned 0.05% of EQT as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in EQT. Vanguard Group Inc. grew its stake in shares of EQT by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 72,530,286 shares of the oil and gas producer's stock valued at $3,344,371,000 after buying an additional 358,649 shares in the last quarter. Geode Capital Management LLC increased its stake in EQT by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 14,427,307 shares of the oil and gas producer's stock worth $663,552,000 after purchasing an additional 429,733 shares during the period. Clearbridge Investments LLC lifted its position in shares of EQT by 14.7% during the fourth quarter. Clearbridge Investments LLC now owns 13,829,938 shares of the oil and gas producer's stock worth $637,698,000 after purchasing an additional 1,774,696 shares in the last quarter. Boston Partners boosted its stake in shares of EQT by 7.2% in the fourth quarter. Boston Partners now owns 6,356,476 shares of the oil and gas producer's stock valued at $293,213,000 after purchasing an additional 429,630 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in EQT by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,093,857 shares of the oil and gas producer's stock worth $234,878,000 after buying an additional 80,799 shares during the period. 90.81% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on EQT. Wells Fargo & Company upped their price objective on EQT from $53.00 to $58.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. Mizuho increased their price target on EQT from $57.00 to $60.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. Truist Financial boosted their price objective on EQT from $41.00 to $56.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Scotiabank cut shares of EQT from a "sector outperform" rating to a "sector perform" rating and reduced their target price for the company from $55.00 to $54.00 in a report on Friday, January 17th. Finally, The Goldman Sachs Group reissued a "reduce" rating on shares of EQT in a research report on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $55.72.
Get Our Latest Stock Analysis on EQT
EQT Stock Performance
NYSE:EQT traded up $1.17 during mid-day trading on Friday, reaching $49.66. 8,892,353 shares of the stock were exchanged, compared to its average volume of 7,779,454. The stock has a market capitalization of $29.67 billion, a P/E ratio of 124.16, a P/E/G ratio of 0.64 and a beta of 1.35. EQT Co. has a 1 year low of $30.02 and a 1 year high of $56.66. The company has a 50 day simple moving average of $50.93 and a 200-day simple moving average of $46.26. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37.
EQT (NYSE:EQT - Get Free Report) last announced its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.19. EQT had a net margin of 4.37% and a return on equity of 4.35%. The business had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.81 billion. Analysts anticipate that EQT Co. will post 3.27 earnings per share for the current fiscal year.
EQT Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.27%. The ex-dividend date was Tuesday, February 18th. EQT's dividend payout ratio is presently 157.50%.
EQT Profile
(
Free Report)
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.
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