Mirae Asset Global Investments Co. Ltd. increased its stake in EQT Co. (NYSE:EQT - Free Report) by 44.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,555 shares of the oil and gas producer's stock after acquiring an additional 16,416 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in EQT were worth $2,379,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Sanctuary Advisors LLC increased its holdings in shares of EQT by 104.7% during the third quarter. Sanctuary Advisors LLC now owns 63,507 shares of the oil and gas producer's stock valued at $2,327,000 after acquiring an additional 32,484 shares in the last quarter. Retirement Systems of Alabama increased its stake in EQT by 36.7% during the 3rd quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer's stock valued at $4,878,000 after purchasing an additional 35,733 shares in the last quarter. FMR LLC increased its stake in EQT by 2.5% during the 3rd quarter. FMR LLC now owns 1,133,197 shares of the oil and gas producer's stock valued at $41,520,000 after purchasing an additional 28,129 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in EQT by 15.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 41,508 shares of the oil and gas producer's stock worth $1,914,000 after buying an additional 5,489 shares during the last quarter. Finally, Howard Financial Services LTD. bought a new position in shares of EQT in the fourth quarter valued at $223,000. Institutional investors and hedge funds own 90.81% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. Stephens upped their target price on shares of EQT from $37.00 to $38.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. The Goldman Sachs Group raised their target price on EQT from $59.00 to $66.00 and gave the company a "buy" rating in a report on Wednesday. Piper Sandler increased their price target on EQT from $34.00 to $35.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Bank of America started coverage on shares of EQT in a report on Monday, October 28th. They set a "buy" rating and a $50.00 price objective on the stock. Finally, Jefferies Financial Group raised their price target on shares of EQT from $45.00 to $55.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $51.89.
Read Our Latest Stock Analysis on EQT
Insider Buying and Selling at EQT
In related news, Director Thomas F. Karam sold 30,154 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the director now owns 201,608 shares in the company, valued at $9,038,086.64. The trade was a 13.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.63% of the company's stock.
EQT Stock Performance
Shares of EQT traded up $0.53 during mid-day trading on Thursday, hitting $52.90. The stock had a trading volume of 6,029,848 shares, compared to its average volume of 8,044,143. EQT Co. has a 52 week low of $30.02 and a 52 week high of $54.85. The firm has a market cap of $31.56 billion, a P/E ratio of 62.97, a PEG ratio of 0.62 and a beta of 1.08. 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 business has a fifty day moving average price of $48.47 and a 200-day moving average price of $40.81.
EQT Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be paid a $0.1575 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a yield of 1.19%. EQT's dividend payout ratio is presently 75.00%.
EQT Company Profile
(
Free Report)
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.
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