EQT Co. (NYSE:EQT) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI lifted its position in shares of EQT Co. (NYSE:EQT - Free Report) by 15.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 279,249 shares of the oil and gas producer's stock after acquiring an additional 38,160 shares during the quarter. National Bank of Canada FI's holdings in EQT were worth $12,876,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its position in EQT by 2.5% during the third quarter. FMR LLC now owns 1,133,197 shares of the oil and gas producer's stock worth $41,520,000 after purchasing an additional 28,129 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in EQT by 105.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 99,144 shares of the oil and gas producer's stock valued at $3,633,000 after acquiring an additional 50,970 shares in the last quarter. Benjamin Edwards Inc. raised its position in EQT by 32,157.1% during the third quarter. Benjamin Edwards Inc. now owns 6,774 shares of the oil and gas producer's stock worth $248,000 after acquiring an additional 6,753 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of EQT by 0.3% during the 3rd quarter. HighTower Advisors LLC now owns 431,780 shares of the oil and gas producer's stock worth $15,823,000 after purchasing an additional 1,436 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of EQT by 162.2% during the 3rd quarter. Janus Henderson Group PLC now owns 48,418 shares of the oil and gas producer's stock worth $1,775,000 after purchasing an additional 29,949 shares in the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of analysts recently commented on the company. Sanford C. Bernstein upgraded EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price objective for the company in a research report on Wednesday, January 15th. Piper Sandler lifted their price target on shares of EQT from $35.00 to $36.00 and gave the company a "neutral" rating in a research report on Thursday, March 6th. Morgan Stanley reaffirmed an "overweight" rating and issued a $67.00 target price (up previously from $63.00) on shares of EQT in a research report on Wednesday, March 26th. UBS Group reduced their target price on shares of EQT from $58.00 to $55.00 and set a "neutral" rating on the stock in a research report on Monday. Finally, Truist Financial boosted their price objective on shares of EQT from $41.00 to $56.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $55.72.

EQT Stock Performance

Shares of EQT stock traded down $2.59 during trading hours on Thursday, reaching $47.58. The stock had a trading volume of 2,761,533 shares, compared to its average volume of 8,745,620. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The firm has a 50-day simple moving average of $51.06 and a 200-day simple moving average of $45.99. The firm has a market capitalization of $28.43 billion, a PE ratio of 119.28, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. EQT Co. has a twelve month low of $30.02 and a twelve month 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, topping analysts' consensus estimates of $0.50 by $0.19. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. As a group, equities analysts forecast that EQT Co. will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.32%. The ex-dividend date was Tuesday, February 18th. EQT's payout ratio is currently 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.