EQT Co. (NYSE:EQT) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its holdings in shares of EQT Co. (NYSE:EQT - Free Report) by 31.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 388,331 shares of the oil and gas producer's stock after acquiring an additional 91,923 shares during the quarter. Envestnet Asset Management Inc. owned about 0.07% of EQT worth $17,906,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EQT. Aviva PLC bought a new stake in shares of EQT in the 4th quarter valued at approximately $14,719,000. Resona Asset Management Co. Ltd. acquired a new position in EQT during the fourth quarter worth $7,504,000. Bornite Capital Management LP acquired a new stake in shares of EQT in the fourth quarter worth about $23,055,000. Uniting Wealth Partners LLC bought a new stake in EQT during the fourth quarter worth approximately $213,000. Finally, Motley Fool Asset Management LLC grew its stake in EQT by 7.9% in the 4th quarter. Motley Fool Asset Management LLC now owns 8,788 shares of the oil and gas producer's stock valued at $405,000 after buying an additional 641 shares during the last quarter. Institutional investors own 90.81% of the company's stock.

EQT Stock Up 0.3 %

Shares of EQT traded up $0.16 during midday trading on Friday, hitting $51.01. 5,000,185 shares of the company's stock traded hands, compared to its average volume of 7,772,903. EQT Co. has a 1 year low of $30.02 and a 1 year high of $56.66. The firm's fifty day moving average is $50.75 and its 200-day moving average is $46.61. 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 stock has a market capitalization of $30.47 billion, a price-to-earnings ratio of 127.52, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35.

EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.50 by $0.19. EQT had a net margin of 4.37% and a return on equity of 4.35%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. As a group, sell-side analysts anticipate that EQT Co. will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th will be given a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $0.63 annualized dividend and a yield of 1.24%. EQT's dividend payout ratio is presently 157.50%.

Analyst Ratings Changes

A number of research analysts recently commented on EQT shares. Royal Bank of Canada restated a "sector perform" rating and issued a $49.00 target price on shares of EQT in a research note on Monday, January 6th. The Goldman Sachs Group reaffirmed a "reduce" rating on shares of EQT in a research note on Wednesday, February 12th. StockNews.com cut shares of EQT from a "hold" rating to a "sell" rating in a research report on Monday, April 7th. JPMorgan Chase & Co. lifted their price objective on shares of EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th. Finally, UBS Group decreased their target price on EQT from $55.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, EQT presently has an average rating of "Moderate Buy" and an average target price of $55.56.

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.