Boston Partners Raises Stake in EQT Co. (NYSE:EQT)

Boston Partners lifted its holdings in EQT Co. (NYSE:EQT - Free Report) by 7.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,356,476 shares of the oil and gas producer's stock after buying an additional 429,630 shares during the period. Boston Partners owned approximately 1.07% of EQT worth $293,213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of EQT. Atria Investments Inc purchased a new position in shares of EQT in the third quarter worth about $201,000. Victory Capital Management Inc. lifted its stake in shares of EQT by 216.2% in the third quarter. Victory Capital Management Inc. now owns 737,309 shares of the oil and gas producer's stock worth $27,015,000 after buying an additional 504,113 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of EQT by 28.1% in the third quarter. Oppenheimer Asset Management Inc. now owns 18,875 shares of the oil and gas producer's stock worth $692,000 after buying an additional 4,145 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of EQT by 245.8% in the third quarter. Oppenheimer & Co. Inc. now owns 26,387 shares of the oil and gas producer's stock worth $967,000 after buying an additional 18,757 shares in the last quarter. Finally, KBC Group NV lifted its stake in shares of EQT by 112.7% in the third quarter. KBC Group NV now owns 41,637 shares of the oil and gas producer's stock worth $1,526,000 after buying an additional 22,064 shares in the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

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EQT Stock Down 1.6 %

Shares of EQT stock traded down $0.84 during trading on Friday, reaching $52.89. The company's stock had a trading volume of 12,816,051 shares, compared to its average volume of 7,293,776. 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 market capitalization of $31.60 billion, a price-to-earnings ratio of 132.23, a P/E/G ratio of 0.64 and a beta of 1.12. The stock's 50-day moving average price is $51.25 and its 200 day moving average price is $44.12. 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 announced its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.19. The firm had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. On average, research analysts anticipate that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Tuesday, February 18th. EQT's dividend payout ratio (DPR) is currently 157.50%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EQT. Mizuho raised shares of EQT from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $48.00 to $57.00 in a research note on Monday, December 16th. StockNews.com raised shares of EQT from a "sell" rating to a "hold" rating in a research note on Friday, March 14th. Citigroup lifted their target price 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. JPMorgan Chase & Co. lifted their target price on shares of EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th. Finally, The Goldman Sachs Group reaffirmed a "reduce" rating on shares of EQT in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, EQT has a consensus rating of "Moderate Buy" and a consensus target price of $54.50.

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.