Counterpoint Mutual Funds LLC Buys Shares of 6,463 EQT Co. (NYSE:EQT)

Counterpoint Mutual Funds LLC acquired a new position in shares of EQT Co. (NYSE:EQT - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,463 shares of the oil and gas producer's stock, valued at approximately $298,000.

A number of other large investors have also recently bought and sold shares of EQT. Wellington Management Group LLP lifted its holdings in shares of 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 worth $2,716,968,000 after acquiring an additional 20,700,921 shares during the last quarter. State Street Corp lifted its holdings in shares of EQT by 24.5% in the third quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer's stock worth $1,359,183,000 after acquiring an additional 7,290,822 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of EQT by 34.4% in the third quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer's stock worth $511,159,000 after acquiring an additional 3,582,418 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of EQT by 1.6% in the fourth 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 acquiring an additional 80,799 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of EQT by 386.9% in 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 acquiring an additional 3,454,741 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Royal Bank of Canada reissued a "sector perform" rating and issued a $49.00 target price on shares of EQT in a report on Monday, January 6th. Mizuho upgraded shares of EQT from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $48.00 to $57.00 in a report on Monday, December 16th. StockNews.com upgraded shares of EQT from a "sell" rating to a "hold" rating in a report on Friday, March 14th. The Goldman Sachs Group reiterated a "reduce" rating on shares of EQT in a report on Wednesday, February 12th. Finally, Morgan Stanley raised their price objective on shares of EQT from $45.00 to $56.00 and gave the company an "overweight" rating in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $54.50.

EQT Stock Performance

Shares of NYSE EQT traded down $0.84 during mid-day trading on Friday, reaching $52.89. 12,816,051 shares of the company's stock were exchanged, compared to its average volume of 7,293,776. The firm has a market capitalization of $31.60 billion, a price-to-earnings ratio of 132.23, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. EQT Co. has a 52 week low of $30.02 and a 52 week high of $56.66. 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 firm has a 50-day moving average price of $51.25 and a two-hundred day moving average price of $44.12.

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 return on equity of 4.35% and a net margin of 4.37%. The company had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.81 billion. Analysts predict that EQT Co. will post 3.27 EPS for the current year.

EQT Announces Dividend

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

About EQT

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.