PNC Financial Services Group Inc. Has $6.51 Million Stock Holdings in EQT Co. (NYSE:EQT)

PNC Financial Services Group Inc. boosted its position in EQT Co. (NYSE:EQT - Free Report) by 10.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 141,183 shares of the oil and gas producer's stock after purchasing an additional 13,523 shares during the period. PNC Financial Services Group Inc.'s holdings in EQT were worth $6,510,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in EQT. Wellington Management Group LLP raised its stake in shares of EQT by 38.7% in the third quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer's stock worth $2,716,968,000 after buying an additional 20,700,921 shares during the period. State Street Corp lifted its holdings in EQT by 24.5% during the third quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer's stock valued at $1,359,183,000 after purchasing an additional 7,290,822 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of EQT by 34.4% in the third quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer's stock worth $511,159,000 after purchasing an additional 3,582,418 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of EQT by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,093,857 shares of the oil and gas producer's stock worth $234,878,000 after purchasing an additional 80,799 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of EQT by 386.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,347,660 shares of the oil and gas producer's stock worth $205,830,000 after purchasing an additional 3,454,741 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

EQT has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price target on EQT from $52.00 to $53.00 and gave the stock an "overweight" rating in a report on Wednesday, January 8th. Royal Bank of Canada restated a "sector perform" rating and set a $49.00 target price on shares of EQT in a research report on Monday, January 6th. StockNews.com upgraded shares of EQT to a "sell" rating in a report on Saturday, February 8th. Sanford C. Bernstein raised shares of EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price objective for the company in a report on Wednesday, January 15th. Finally, Truist Financial upped their price target on shares of EQT from $41.00 to $56.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $52.56.

EQT Price Performance

EQT stock traded down $0.19 during midday trading on Thursday, reaching $48.76. The stock had a trading volume of 4,968,886 shares, compared to its average volume of 8,678,676. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. The company's fifty day simple moving average is $50.71 and its 200 day simple moving average is $43.28. EQT Co. has a 52-week low of $30.02 and a 52-week high of $56.66. The company has a market cap of $29.13 billion, a price-to-earnings ratio of 121.90, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12.

EQT (NYSE:EQT - Get Free Report) last posted its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.19. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. As a group, sell-side analysts predict that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a dividend of $0.1575 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 annualized dividend and a yield of 1.29%. EQT's payout ratio is 157.50%.

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.