EQT Co. (NYSE:EQT) Shares Bought by Blair William & Co. IL

Blair William & Co. IL lifted its position in EQT Co. (NYSE:EQT - Free Report) by 344.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,423 shares of the oil and gas producer's stock after buying an additional 19,701 shares during the period. Blair William & Co. IL's holdings in EQT were worth $1,172,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Wellington Management Group LLP raised its stake in EQT by 38.7% in the third 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 buying an additional 20,700,921 shares during the last quarter. Vanguard Group Inc. raised its position in shares of EQT by 0.5% in the 4th 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 purchasing an additional 358,649 shares during the last quarter. State Street Corp boosted its stake in EQT by 24.5% in the 3rd quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer's stock worth $1,359,183,000 after purchasing an additional 7,290,822 shares in the last quarter. Geode Capital Management LLC grew its position in 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 purchasing an additional 3,582,418 shares during the last quarter. Finally, Boston Partners increased its stake in 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 purchasing an additional 429,630 shares in the last quarter. Institutional investors own 90.81% of the company's stock.

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EQT Price Performance

EQT stock traded up $1.10 during trading on Monday, reaching $47.21. The company had a trading volume of 13,411,421 shares, compared to its average volume of 7,650,560. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. The firm's 50-day simple moving average is $51.22 and its 200 day simple moving average is $45.77. The firm has a market capitalization of $28.20 billion, a PE ratio of 118.02, a price-to-earnings-growth 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.

EQT (NYSE:EQT - Get Free Report) last released its 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. EQT had a net margin of 4.37% and a return on equity of 4.35%. The business had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.81 billion. As a group, equities research analysts anticipate that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The company also recently declared 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. This represents a $0.63 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT's payout ratio is 157.50%.

Analysts Set New Price Targets

Several research firms have recently commented on EQT. Citigroup lifted their price objective on shares of EQT from $51.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. Stephens upgraded EQT from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $41.00 to $59.00 in a research note on Tuesday, March 18th. Wells Fargo & Company lifted their target price on EQT from $53.00 to $58.00 and gave the stock an "overweight" rating in a report on Wednesday, March 19th. Piper Sandler increased their price target on shares of EQT from $35.00 to $36.00 and gave the stock a "neutral" rating in a report on Thursday, March 6th. Finally, Scotiabank cut shares of EQT from a "sector outperform" rating to a "sector perform" rating and decreased their price objective for the company from $55.00 to $54.00 in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, EQT presently has a consensus rating of "Hold" and an average price target of $55.11.

EQT 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.