Mizuho Securities USA LLC Purchases 18,032 Shares of EQT Co. (NYSE:EQT)

Mizuho Securities USA LLC boosted its holdings in shares of EQT Co. (NYSE:EQT - Free Report) by 46.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,552 shares of the oil and gas producer's stock after acquiring an additional 18,032 shares during the period. Mizuho Securities USA LLC's holdings in EQT were worth $2,608,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Wellington Management Group LLP raised its position in shares of EQT by 38.7% in the 3rd quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer's stock worth $2,716,968,000 after purchasing an additional 20,700,921 shares during the last quarter. State Street Corp raised its holdings in EQT by 24.5% in the third quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer's stock worth $1,359,183,000 after buying an additional 7,290,822 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of EQT by 34.4% in the third quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer's stock worth $511,159,000 after buying an additional 3,582,418 shares in the last quarter. Boston Partners grew its holdings in shares of EQT by 7.2% during the fourth quarter. Boston Partners now owns 6,356,476 shares of the oil and gas producer's stock valued at $293,213,000 after buying an additional 429,630 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in EQT by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,093,857 shares of the oil and gas producer's stock worth $234,878,000 after acquiring an additional 80,799 shares during the last quarter. Institutional investors own 90.81% of the company's stock.

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Analyst Ratings Changes

EQT has been the subject of a number of recent analyst reports. Stephens raised EQT from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $41.00 to $59.00 in a research report on Tuesday, March 18th. Mizuho raised shares of EQT from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $48.00 to $57.00 in a report on Monday, December 16th. Wells Fargo & Company increased their price objective on shares of EQT from $53.00 to $58.00 and gave the company an "overweight" rating in a research report on Wednesday, March 19th. Scotiabank downgraded shares of EQT from a "sector outperform" rating to a "sector perform" rating and cut their target price for the stock from $55.00 to $54.00 in a research report on Friday, January 17th. Finally, Citigroup raised their price target on EQT from $51.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $54.50.

EQT Price Performance

Shares of EQT stock traded down $0.86 on Wednesday, reaching $53.39. The company's stock had a trading volume of 2,825,725 shares, compared to its average volume of 7,267,941. The company has a market capitalization of $31.89 billion, a price-to-earnings ratio of 133.74, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. The stock's fifty day simple moving average is $51.40 and its 200-day simple moving average is $44.58. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. EQT Co. has a 1 year low of $30.02 and a 1 year high of $56.66.

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

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT's dividend payout ratio (DPR) is 157.50%.

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.