Daiwa Securities Group Inc. Boosts Stock Position in EQT Co. (NYSE:EQT)

Daiwa Securities Group Inc. grew its holdings in EQT Co. (NYSE:EQT - Free Report) by 46.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,047 shares of the oil and gas producer's stock after purchasing an additional 23,640 shares during the period. Daiwa Securities Group Inc.'s holdings in EQT were worth $2,750,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. HM Payson & Co. purchased a new stake in EQT in the 3rd quarter valued at about $25,000. Innealta Capital LLC purchased a new stake in shares of EQT in the 2nd quarter valued at approximately $28,000. Hexagon Capital Partners LLC lifted its holdings in shares of EQT by 18,080.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer's stock worth $33,000 after acquiring an additional 904 shares during the last quarter. Wolff Wiese Magana LLC lifted its holdings in shares of EQT by 936.1% in the 2nd quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer's stock worth $37,000 after acquiring an additional 908 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of EQT by 149.5% during the 2nd quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer's stock worth $37,000 after purchasing an additional 598 shares during the period. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on EQT shares. Truist Financial raised their price target on EQT from $32.00 to $41.00 and gave the stock a "hold" rating in a research report on Tuesday. Piper Sandler raised their target price on EQT from $32.00 to $34.00 and gave the company a "neutral" rating in a report on Monday, November 4th. JPMorgan Chase & Co. boosted their price target on shares of EQT from $37.00 to $39.00 and gave the stock an "overweight" rating in a research note on Thursday, September 26th. Wells Fargo & Company raised their price objective on shares of EQT from $42.00 to $52.00 and gave the company an "overweight" rating in a research note on Monday. Finally, BMO Capital Markets upped their target price on shares of EQT from $39.00 to $40.00 and gave the stock an "outperform" rating in a research note on Friday, October 4th. One research 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. Based on data from MarketBeat.com, EQT currently has an average rating of "Moderate Buy" and an average target price of $44.67.

EQT Stock Down 0.6 %

Shares of NYSE EQT traded down $0.28 during mid-day trading on Thursday, reaching $45.28. The company had a trading volume of 4,702,248 shares, compared to its average volume of 7,195,477. EQT Co. has a 52-week low of $30.02 and a 52-week high of $48.02. The stock has a market cap of $27.02 billion, a P/E ratio of 53.92 and a beta of 1.06. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. The firm has a 50 day simple moving average of $38.93 and a two-hundred day simple moving average of $37.11.

EQT (NYSE:EQT - Get Free Report) last posted its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.06. The business had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. The business's revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 earnings per share. Sell-side analysts predict that EQT Co. will post 1.38 earnings per share for the current year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th will be given a dividend of $0.1575 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.39%. EQT's dividend payout ratio (DPR) is presently 75.00%.

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.