FIL Ltd Buys 5,894 Shares of EQT Co. (NYSE:EQT)

FIL Ltd raised its holdings in shares of EQT Co. (NYSE:EQT - Free Report) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 106,842 shares of the oil and gas producer's stock after purchasing an additional 5,894 shares during the period. FIL Ltd's holdings in EQT were worth $4,926,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Parkside Financial Bank & Trust raised its stake in EQT by 22.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock valued at $48,000 after buying an additional 193 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of EQT by 26.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock valued at $45,000 after acquiring an additional 205 shares in the last quarter. Wilmington Savings Fund Society FSB grew its position in EQT by 4.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer's stock valued at $218,000 after purchasing an additional 223 shares during the last quarter. Huntington National Bank grew its position in EQT by 7.4% during the 4th quarter. Huntington National Bank now owns 3,265 shares of the oil and gas producer's stock valued at $151,000 after purchasing an additional 224 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in EQT by 15.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer's stock worth $79,000 after buying an additional 236 shares during the last quarter. 90.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on EQT shares. Sanford C. Bernstein upgraded shares of EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price target on the stock in a report on Wednesday, January 15th. Mizuho upped their price target on EQT from $57.00 to $60.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. TD Cowen upgraded EQT from a "hold" rating to a "buy" rating and set a $54.00 price objective for the company in a report on Tuesday, April 8th. StockNews.com downgraded shares of EQT from a "hold" rating to a "sell" rating in a report on Monday, April 7th. Finally, UBS Group decreased their price objective on shares of EQT from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $55.56.

EQT Price Performance

NYSE:EQT traded up $0.16 during trading hours on Friday, hitting $51.01. 5,000,185 shares of the stock traded hands, compared to its average volume of 7,768,980. The stock has a 50 day moving average price of $50.80 and a 200 day moving average price of $46.51. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The company has a market cap of $30.47 billion, a price-to-earnings ratio of 127.52, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. 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 results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.19. EQT had a return on equity of 4.35% and a net margin of 4.37%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. Sell-side analysts forecast that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 7th will be issued a $0.1575 dividend. The ex-dividend date is Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a yield of 1.24%. EQT's dividend payout ratio is presently 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.