Neuberger Berman Group LLC Has $217.04 Million Stock Holdings in EQT Co. (NYSE:EQT)

Neuberger Berman Group LLC raised its holdings in shares of EQT Co. (NYSE:EQT - Free Report) by 12.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,707,109 shares of the oil and gas producer's stock after purchasing an additional 525,533 shares during the quarter. Neuberger Berman Group LLC owned approximately 0.79% of EQT worth $217,044,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Phoenix Financial Ltd. acquired a new position in EQT in the 4th quarter valued at about $2,726,000. Bessemer Group Inc. increased its stake in shares of EQT by 10.9% during the fourth quarter. Bessemer Group Inc. now owns 19,028 shares of the oil and gas producer's stock worth $877,000 after purchasing an additional 1,874 shares during the period. CenterBook Partners LP acquired a new stake in EQT during the 4th quarter worth approximately $2,197,000. DRW Securities LLC grew its holdings in EQT by 26.1% in the 4th quarter. DRW Securities LLC now owns 50,683 shares of the oil and gas producer's stock valued at $2,337,000 after buying an additional 10,500 shares in the last quarter. Finally, APG Asset Management N.V. lifted its holdings in shares of EQT by 11.6% during the fourth quarter. APG Asset Management N.V. now owns 73,836 shares of the oil and gas producer's stock worth $3,288,000 after buying an additional 7,672 shares in the last quarter. 90.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EQT has been the topic of several research reports. Mizuho upped their price target on shares of EQT from $57.00 to $60.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $49.00 target price on shares of EQT in a report on Monday, January 6th. Stephens cut their price target on EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a research note on Tuesday. StockNews.com lowered EQT from a "hold" rating to a "sell" rating in a research note on Monday, April 7th. Finally, Citigroup upped their target price on EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, March 17th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $55.61.

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EQT Price Performance

Shares of NYSE:EQT traded up $0.74 during trading on Tuesday, hitting $50.71. 2,244,205 shares of the company were exchanged, compared to its average volume of 7,744,683. The company has a quick ratio of 0.51, a current ratio of 0.70 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. The company has a market capitalization of $30.30 billion, a P/E ratio of 126.78, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. The business's 50 day moving average is $50.87 and its 200-day moving average is $46.35.

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

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Tuesday, February 18th. EQT's payout ratio is 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.