Clean Energy Transition LLP Purchases Shares of 535,630 EQT Co. (NYSE:EQT)

Clean Energy Transition LLP purchased a new position in EQT Co. (NYSE:EQT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 535,630 shares of the oil and gas producer's stock, valued at approximately $24,698,000. EQT accounts for approximately 0.9% of Clean Energy Transition LLP's investment portfolio, making the stock its 11th biggest holding. Clean Energy Transition LLP owned approximately 0.09% of EQT as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Invesco Ltd. boosted its position in shares of EQT by 46.3% during the 4th quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer's stock valued at $606,059,000 after acquiring an additional 4,162,065 shares during the last quarter. Geode Capital Management LLC raised its stake in EQT by 34.4% during the third quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer's stock valued at $511,159,000 after purchasing an additional 3,582,418 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in 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 valued at $205,830,000 after purchasing an additional 3,454,741 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of EQT in the 4th quarter worth $113,924,000. Finally, Clearbridge Investments LLC increased its holdings in shares of EQT by 14.7% in the 4th quarter. Clearbridge Investments LLC now owns 13,829,938 shares of the oil and gas producer's stock worth $637,698,000 after buying an additional 1,774,696 shares during the last quarter. Institutional investors own 90.81% of the company's stock.

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EQT Stock Up 1.5 %

Shares of EQT traded up $0.74 during midday trading on Tuesday, reaching $50.71. 5,226,153 shares of the stock were exchanged, compared to its average volume of 7,755,818. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. The company's 50 day moving average is $50.87 and its two-hundred day moving average is $46.35. The company has a market capitalization of $30.30 billion, a P/E ratio of 126.79, a PEG ratio of 0.64 and a beta of 1.35. EQT Co. has a 52 week low of $30.02 and a 52 week high of $56.66.

EQT (NYSE:EQT - Get Free Report) last posted 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. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. On average, sell-side analysts anticipate that EQT Co. will post 3.27 earnings per share for the current year.

EQT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a $0.1575 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.24%. EQT's dividend payout ratio is presently 157.50%.

Analysts Set New Price Targets

Several research firms recently commented on EQT. Wells Fargo & Company lifted their price target on EQT from $53.00 to $58.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. Jefferies Financial Group lifted their target price on EQT from $45.00 to $55.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. TD Cowen upgraded EQT from a "hold" rating to a "buy" rating and set a $54.00 price target on the stock in a report on Tuesday, April 8th. Piper Sandler lifted their price objective on shares of EQT from $35.00 to $36.00 and gave the stock a "neutral" rating in a research note on Thursday, March 6th. Finally, Mizuho increased their target price on shares of EQT from $57.00 to $60.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $55.61.

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.