EQT Co. (NYSE:EQT) Shares Sold by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. reduced its position in EQT Co. (NYSE:EQT - Free Report) by 26.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 70,550 shares of the oil and gas producer's stock after selling 24,960 shares during the period. Nippon Life Global Investors Americas Inc.'s holdings in EQT were worth $3,253,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Parkside Financial Bank & Trust grew its position in shares of EQT by 22.7% in 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 purchasing an additional 193 shares during the period. EverSource Wealth Advisors LLC boosted its stake in EQT by 26.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock worth $45,000 after buying an additional 205 shares during the last quarter. Wilmington Savings Fund Society FSB grew its holdings in EQT by 4.9% in 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 buying an additional 223 shares during the period. Huntington National Bank increased its stake in shares of 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 acquiring an additional 224 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of EQT by 15.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer's stock worth $79,000 after acquiring an additional 236 shares during the period. 90.81% of the stock is currently owned by institutional investors and hedge funds.

EQT Stock Up 2.9 %

EQT stock traded up $1.44 during midday trading on Friday, hitting $50.26. 9,360,326 shares of the stock were exchanged, compared to its average volume of 7,799,128. EQT Co. has a 1 year low of $30.02 and a 1 year high of $56.66. 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 market cap of $30.03 billion, a P/E ratio of 125.65, a P/E/G ratio of 0.64 and a beta of 1.35. The company has a 50 day moving average price of $50.37 and a two-hundred day moving average price of $46.92.

EQT (NYSE:EQT - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.20. EQT had a return on equity of 4.35% and a net margin of 4.37%. The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. On average, sell-side analysts predict that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th will be given a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Wednesday, May 7th. EQT's payout ratio is 157.50%.

Analysts Set New Price Targets

A number of research firms recently issued reports on EQT. TD Cowen upgraded shares of EQT from a "hold" rating to a "buy" rating and set a $54.00 target price for the company in a report on Tuesday, April 8th. Royal Bank of Canada restated a "sector perform" rating and set a $49.00 price objective on shares of EQT in a report on Monday, January 6th. Truist Financial lifted their target price on EQT from $41.00 to $56.00 and gave the company a "hold" rating in a report on Monday, January 13th. Stephens lowered their price target on EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. raised their price objective on EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, EQT presently has an average rating of "Moderate Buy" and an average target price of $55.39.

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.