KBC Group NV Acquires 22,064 Shares of EQT Co. (NYSE:EQT)

KBC Group NV raised its stake in EQT Co. (NYSE:EQT - Free Report) by 112.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,637 shares of the oil and gas producer's stock after buying an additional 22,064 shares during the quarter. KBC Group NV's holdings in EQT were worth $1,526,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of EQT. Price T Rowe Associates Inc. MD lifted its stake in shares of EQT by 22.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 64,877,405 shares of the oil and gas producer's stock valued at $2,405,007,000 after purchasing an additional 11,993,729 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of EQT by 8.4% in the 1st quarter. Vanguard Group Inc. now owns 50,865,664 shares of the oil and gas producer's stock valued at $1,885,590,000 after purchasing an additional 3,942,802 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of EQT by 2.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 20,348,475 shares of the oil and gas producer's stock valued at $752,487,000 after purchasing an additional 464,781 shares in the last quarter. Modera Wealth Management LLC acquired a new position in EQT in the third quarter valued at approximately $562,494,000. Finally, Clearbridge Investments LLC boosted its holdings in EQT by 2.9% in the second quarter. Clearbridge Investments LLC now owns 9,084,686 shares of the oil and gas producer's stock valued at $335,952,000 after purchasing an additional 253,186 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.

EQT Price Performance

Shares of EQT stock traded down $0.20 during trading hours on Tuesday, hitting $44.08. The company had a trading volume of 5,674,609 shares, compared to its average volume of 7,060,998. EQT Co. has a 12 month low of $30.02 and a 12 month high of $44.62. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51. The firm's fifty day moving average is $37.16 and its 200 day moving average is $36.81. The firm has a market capitalization of $26.30 billion, a price-to-earnings ratio of 52.71 and a beta of 1.06.

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

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be issued a dividend of $0.1575 per share. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 annualized dividend and a yield of 1.43%. EQT's dividend payout ratio is currently 75.00%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EQT. Mizuho lifted their target price on EQT from $41.00 to $45.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. Bank of America initiated coverage on shares of EQT in a research report on Monday, October 28th. They issued a "buy" rating and a $50.00 price objective for the company. BMO Capital Markets raised their price objective on shares of EQT from $39.00 to $40.00 and gave the company an "outperform" rating in a research report on Friday, October 4th. Stephens raised their price objective on shares of EQT from $37.00 to $38.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company upgraded shares of EQT from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $40.00 to $42.00 in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $42.83.

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.