Charles Schwab Investment Management Inc. Has $234.88 Million Stock Position in EQT Co. (NYSE:EQT)

Charles Schwab Investment Management Inc. lifted its position in shares of EQT Co. (NYSE:EQT - Free Report) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,093,857 shares of the oil and gas producer's stock after purchasing an additional 80,799 shares during the period. Charles Schwab Investment Management Inc. owned 0.85% of EQT worth $234,878,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP increased its stake in shares of EQT by 38.7% during the third 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 grew its holdings 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 valued at $1,359,183,000 after buying an additional 7,290,822 shares in the last quarter. Geode Capital Management LLC increased 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 buying an additional 3,582,418 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of EQT by 386.9% during the fourth 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 buying an additional 3,454,741 shares in the last quarter. Finally, Holocene Advisors LP bought a new stake in shares of EQT in the third quarter valued at about $97,979,000. Institutional investors and hedge funds own 90.81% of the company's stock.

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Analyst Ratings Changes

EQT has been the topic of a number of recent research reports. Jefferies Financial Group raised their price target on shares of EQT from $45.00 to $55.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. StockNews.com raised shares of EQT to a "sell" rating in a report on Saturday, February 8th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $49.00 price target on shares of EQT in a research report on Monday, January 6th. UBS Group increased their price target on EQT from $54.00 to $58.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Finally, Wells Fargo & Company lifted their price objective on EQT from $52.00 to $53.00 and gave the company an "overweight" rating in a report on Wednesday, January 8th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $52.44.

EQT Price Performance

Shares of EQT stock traded up $0.55 during midday trading on Monday, hitting $47.55. 10,367,953 shares of the company traded hands, compared to its average volume of 8,850,104. The firm's fifty day moving average price is $50.58 and its 200-day moving average price is $43.03. The stock has a market cap of $28.41 billion, a price-to-earnings ratio of 118.88, a PEG ratio of 0.64 and a beta of 1.12. EQT Co. has a 12 month low of $30.02 and a 12 month high of $56.66. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70.

EQT (NYSE:EQT - Get Free Report) last posted its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share 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 firm had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.81 billion. As a group, sell-side analysts forecast that EQT Co. will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a $0.1575 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 annualized dividend and a yield of 1.32%. EQT's dividend payout ratio is presently 157.50%.

EQT Company 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.