Janus Henderson Group PLC Buys 29,949 Shares of EQT Co. (NYSE:EQT)

Janus Henderson Group PLC raised its position in shares of EQT Co. (NYSE:EQT - Free Report) by 162.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,418 shares of the oil and gas producer's stock after purchasing an additional 29,949 shares during the quarter. Janus Henderson Group PLC's holdings in EQT were worth $1,775,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in EQT by 8.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 29,243 shares of the oil and gas producer's stock worth $1,081,000 after buying an additional 2,209 shares in the last quarter. Swedbank AB grew its holdings in shares of EQT by 72.4% in the 2nd quarter. Swedbank AB now owns 189,407 shares of the oil and gas producer's stock worth $7,004,000 after acquiring an additional 79,538 shares during the last quarter. Blue Trust Inc. raised its position in shares of EQT by 149.5% during the second quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer's stock worth $37,000 after purchasing an additional 598 shares during the period. Davis Investment Partners LLC lifted its holdings in shares of EQT by 22.3% during the second quarter. Davis Investment Partners LLC now owns 30,591 shares of the oil and gas producer's stock valued at $1,138,000 after purchasing an additional 5,576 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of EQT by 4.6% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 938,133 shares of the oil and gas producer's stock valued at $34,692,000 after purchasing an additional 41,531 shares during the period. 90.81% of the stock is currently owned by institutional investors and hedge funds.

EQT Stock Down 0.6 %

NYSE:EQT traded down $0.27 during trading hours on Friday, reaching $45.60. The company's stock had a trading volume of 8,514,648 shares, compared to its average volume of 7,159,665. EQT Co. has a one year low of $30.02 and a one year high of $48.02. The business's 50-day moving average is $40.82 and its 200-day moving average is $37.42. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market cap of $27.21 billion, a price-to-earnings ratio of 54.46 and a beta of 1.14.

EQT (NYSE:EQT - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.06. EQT had a return on equity of 3.74% and a net margin of 5.52%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the firm posted $0.30 EPS. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. Equities research analysts predict that EQT Co. will post 1.37 EPS for the current year.

EQT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th were given a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Wednesday, November 6th. EQT's dividend payout ratio is 75.00%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on EQT shares. Stephens upped their price objective on shares of EQT from $37.00 to $38.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 30th. Mizuho upped their price target on shares of EQT from $45.00 to $48.00 and gave the company a "neutral" rating in a research report on Tuesday, November 26th. Truist Financial lifted their price objective on shares of EQT from $32.00 to $41.00 and gave the stock a "hold" rating in a research report on Tuesday, November 26th. Citigroup increased their target price on EQT from $44.00 to $51.00 and gave the company a "buy" rating in a report on Friday, December 6th. Finally, Morgan Stanley upped their price target on EQT from $45.00 to $56.00 and gave the company an "overweight" rating in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $46.11.

Insider Transactions at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of EQT stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total value of $1,351,803.82. Following the transaction, the director now directly owns 201,608 shares in the company, valued at approximately $9,038,086.64. The trade was a 13.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.63% of the stock is owned by corporate insiders.

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.