Price T Rowe Associates Inc. MD Has $1.96 Billion Holdings in EQT Co. (NYSE:EQT)

Price T Rowe Associates Inc. MD decreased its stake in EQT Co. (NYSE:EQT - Free Report) by 25.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,517,666 shares of the oil and gas producer's stock after selling 14,300,076 shares during the period. Price T Rowe Associates Inc. MD owned approximately 7.13% of EQT worth $1,960,490,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bard Financial Services Inc. bought a new position in EQT during the third quarter valued at about $878,000. Wilmington Savings Fund Society FSB bought a new position in EQT in the third quarter worth $165,000. Blankinship & Foster LLC acquired a new stake in EQT during the third quarter worth $4,051,000. Tidal Investments LLC increased its holdings in EQT by 55.8% in the 3rd quarter. Tidal Investments LLC now owns 60,816 shares of the oil and gas producer's stock valued at $2,228,000 after buying an additional 21,789 shares during the period. Finally, Synovus Financial Corp acquired a new position in shares of EQT in the 3rd quarter valued at $1,069,000. Institutional investors own 90.81% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EQT. Citigroup lifted their target price on shares of EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, March 17th. Sanford C. Bernstein raised EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price objective on the stock in a report on Wednesday, January 15th. JPMorgan Chase & Co. increased their target price on EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. Jefferies Financial Group boosted their price target on EQT from $45.00 to $55.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Finally, Piper Sandler cut their price objective on EQT from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, EQT presently has a consensus rating of "Moderate Buy" and an average target price of $55.50.

EQT Stock Performance

EQT stock opened at $48.49 on Wednesday. EQT Co. has a 1 year low of $30.02 and a 1 year high of $56.66. The company's 50-day moving average is $50.56 and its two-hundred day moving average is $46.83. 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 has a market cap of $28.97 billion, a PE ratio of 121.23, a PEG ratio of 0.64 and a beta of 1.35.

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

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th will be paid a dividend of $0.1575 per share. The ex-dividend date is Wednesday, May 7th. This represents a $0.63 annualized dividend and a dividend yield of 1.30%. EQT's dividend payout ratio is currently 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.

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