EQT Co. (NYSE:EQT) Shares Bought by Fmr LLC

FMR LLC lifted its holdings in shares of EQT Co. (NYSE:EQT - Free Report) by 2.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,133,197 shares of the oil and gas producer's stock after purchasing an additional 28,129 shares during the quarter. FMR LLC owned about 0.19% of EQT worth $41,520,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of EQT by 28.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,013,058 shares of the oil and gas producer's stock worth $183,678,000 after purchasing an additional 1,108,134 shares during the period. Cetera Investment Advisers purchased a new position in EQT during the 1st quarter valued at about $2,274,000. Swiss National Bank boosted its holdings in EQT by 35.3% during the 3rd quarter. Swiss National Bank now owns 1,677,261 shares of the oil and gas producer's stock valued at $61,455,000 after acquiring an additional 437,602 shares during the period. Thrivent Financial for Lutherans boosted its holdings in EQT by 71.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 30,540 shares of the oil and gas producer's stock valued at $1,119,000 after acquiring an additional 12,723 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in EQT by 71.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 215,158 shares of the oil and gas producer's stock valued at $7,883,000 after acquiring an additional 89,866 shares during the period. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Thomas F. Karam sold 30,154 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total value of $1,351,803.82. Following the transaction, the director now owns 201,608 shares of the company's stock, valued at approximately $9,038,086.64. The trade was a 13.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.63% of the company's stock.

Analyst Ratings Changes

EQT has been the subject of a number of research analyst reports. Bank of America initiated coverage on EQT in a report on Monday, October 28th. They set a "buy" rating and a $50.00 target price for the company. Wells Fargo & Company raised their target price on EQT from $42.00 to $52.00 and gave the company an "overweight" rating in a report on Monday, November 25th. Sanford C. Bernstein assumed coverage on EQT in a research note on Friday. They issued a "market perform" rating and a $50.00 price objective for the company. Truist Financial lifted their price objective on EQT from $32.00 to $41.00 and gave the company a "hold" rating in a research note on Tuesday, November 26th. Finally, Citigroup lifted their price objective on EQT from $44.00 to $51.00 and gave the company a "buy" rating in a research note on Friday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, EQT presently has a consensus rating of "Hold" and an average target price of $46.11.

EQT Stock Performance

EQT traded down $1.12 during trading on Friday, hitting $43.33. 7,156,214 shares of the stock were exchanged, compared to its average volume of 7,917,722. The firm has a market capitalization of $25.85 billion, a P/E ratio of 51.58 and a beta of 1.14. EQT Co. has a 1-year low of $30.02 and a 1-year high of $48.02. The stock has a fifty day moving average price of $40.22 and a two-hundred day moving average price of $37.29. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65.

EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, topping the consensus estimate of $0.06 by $0.06. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. The firm's revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 earnings per share. As a group, sell-side analysts predict that EQT Co. will post 1.36 earnings per share for the current year.

EQT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th were issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Wednesday, November 6th. EQT's payout ratio is currently 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.