EQT Co. (NYSE:EQT) Stock Holdings Lifted by Adams Natural Resources Fund Inc.

Adams Natural Resources Fund Inc. lifted its position in shares of EQT Co. (NYSE:EQT - Free Report) by 98.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 54,600 shares of the oil and gas producer's stock after buying an additional 27,100 shares during the period. Adams Natural Resources Fund Inc.'s holdings in EQT were worth $2,001,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Cetera Investment Advisers purchased a new position in shares of EQT during the first quarter valued at approximately $2,274,000. UniSuper Management Pty Ltd raised its stake in EQT by 563.1% during the first quarter. UniSuper Management Pty Ltd now owns 29,102 shares of the oil and gas producer's stock worth $1,079,000 after purchasing an additional 24,713 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in EQT by 17.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 468,677 shares of the oil and gas producer's stock worth $17,374,000 after purchasing an additional 70,325 shares during the period. Vanguard Group Inc. raised its stake in EQT by 8.4% during the first quarter. Vanguard Group Inc. now owns 50,865,664 shares of the oil and gas producer's stock worth $1,885,590,000 after purchasing an additional 3,942,802 shares during the period. Finally, Swedbank AB purchased a new position in EQT during the first quarter worth approximately $4,073,000. Hedge funds and other institutional investors own 90.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Stephens increased their price target on shares of EQT from $37.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Morgan Stanley reaffirmed an "overweight" rating and set a $45.00 price target on shares of EQT in a research note on Friday, September 13th. Wells Fargo & Company raised shares of EQT from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $40.00 to $42.00 in a research note on Wednesday, August 14th. Wolfe Research started coverage on shares of EQT in a research report on Thursday, July 18th. They issued an "outperform" rating and a $51.00 price objective for the company. Finally, UBS Group dropped their price objective on shares of EQT from $38.00 to $36.00 and set a "neutral" rating for the company in a research report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $42.17.

EQT Stock Up 3.4 %

EQT traded up $1.26 during trading hours on Wednesday, reaching $38.57. 9,981,092 shares of the stock traded hands, compared to its average volume of 7,039,858. The firm's fifty day simple moving average is $35.13 and its two-hundred day simple moving average is $36.60. The company has a market cap of $17.03 billion, a price-to-earnings ratio of 27.95 and a beta of 1.06. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $45.23. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.73 and a quick ratio of 0.73.

EQT (NYSE:EQT - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.07. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.35 billion. EQT had a net margin of 12.45% and a return on equity of 4.52%. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the business earned $0.30 EPS. As a group, analysts forecast that EQT Co. will post 1.4 earnings per share for the current fiscal year.

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be issued a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Wednesday, November 6th. EQT's dividend payout ratio is currently 45.65%.

EQT Company 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.