BI Asset Management Fondsmaeglerselskab A S Purchases 15,669 Shares of EQT Co. (NYSE:EQT)

BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of EQT Co. (NYSE:EQT - Free Report) by 69.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,230 shares of the oil and gas producer's stock after acquiring an additional 15,669 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in EQT were worth $1,763,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in EQT. Invesco Ltd. raised its holdings in EQT by 46.3% during the 4th quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer's stock worth $606,059,000 after purchasing an additional 4,162,065 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of 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 worth $205,830,000 after buying an additional 3,454,741 shares during the last quarter. Raymond James Financial Inc. acquired a new position in EQT in the fourth quarter valued at approximately $113,924,000. Capital International Investors boosted its stake in EQT by 21.3% in the fourth quarter. Capital International Investors now owns 13,855,244 shares of the oil and gas producer's stock valued at $638,867,000 after acquiring an additional 2,433,632 shares during the last quarter. Finally, Clearbridge Investments LLC grew its holdings in EQT by 14.7% during 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 acquiring an additional 1,774,696 shares during the period. Institutional investors and hedge funds own 90.81% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on EQT shares. Mizuho raised their price target on EQT from $57.00 to $60.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. Truist Financial increased their price target on shares of EQT from $41.00 to $56.00 and gave the company a "hold" rating in a research report on Monday, January 13th. Stephens decreased their price objective on shares of EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. StockNews.com lowered shares of EQT from a "hold" rating to a "sell" rating in a report on Monday, April 7th. Finally, Jefferies Financial Group raised their price objective on EQT from $45.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Two equities 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 company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $55.39.

EQT Stock Performance

EQT stock traded up $1.44 during trading hours on Friday, reaching $50.26. The stock had a trading volume of 9,360,326 shares, compared to its average volume of 7,799,134. The stock has a 50-day simple moving average of $50.31 and a 200 day simple moving average of $47.01. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $56.66. The stock has a market capitalization of $30.03 billion, a PE ratio of 125.65, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51.

EQT (NYSE:EQT - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.20. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.16 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. Analysts predict that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th will be paid a dividend of $0.1575 per share. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.25%. EQT's dividend payout ratio (DPR) is currently 157.50%.

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.