30,708 Shares in EQT Co. (NYSE:EQT) Purchased by Carrera Capital Advisors

Carrera Capital Advisors bought a new stake in shares of EQT Co. (NYSE:EQT - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 30,708 shares of the oil and gas producer's stock, valued at approximately $1,416,000.

A number of other large investors have also recently bought and sold shares of EQT. Wellington Management Group LLP lifted its stake in shares of EQT by 38.7% during the 3rd quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer's stock worth $2,716,968,000 after purchasing an additional 20,700,921 shares during the period. State Street Corp lifted its stake in shares of EQT by 24.5% during 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 during the period. Geode Capital Management LLC lifted its stake in shares of 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 period. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 purchasing an additional 80,799 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of EQT by 386.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,347,660 shares of the oil and gas producer's stock worth $205,830,000 after purchasing an additional 3,454,741 shares during the period. Institutional investors and hedge funds own 90.81% of the company's stock.

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EQT Stock Up 1.7 %

NYSE:EQT traded up $0.80 during mid-day trading on Friday, hitting $46.96. The company had a trading volume of 9,479,347 shares, compared to its average volume of 8,826,783. The business has a fifty day simple moving average of $50.58 and a 200-day simple moving average of $42.89. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. EQT Co. has a 1 year low of $30.02 and a 1 year high of $56.66. The firm has a market capitalization of $28.06 billion, a price-to-earnings ratio of 117.40, a PEG ratio of 0.64 and a beta of 1.12.

EQT (NYSE:EQT - Get Free Report) last announced its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.19. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. Equities analysts forecast that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.1575 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 annualized dividend and a dividend yield of 1.34%. EQT's dividend payout ratio is presently 157.50%.

Analysts Set New Price Targets

EQT has been the topic of a number of recent analyst reports. Sanford C. Bernstein raised EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price target on the stock in a research note on Wednesday, January 15th. The Goldman Sachs Group reissued a "reduce" rating on shares of EQT in a research note on Wednesday, February 12th. Royal Bank of Canada reissued a "sector perform" rating and set a $49.00 price target on shares of EQT in a research note on Monday, January 6th. Morgan Stanley increased their target price on EQT from $45.00 to $56.00 and gave the stock an "overweight" rating in a research report on Monday, November 25th. Finally, JPMorgan Chase & Co. increased their target price on EQT from $53.00 to $58.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $52.44.

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.