EQT Co. (NYSE:EQT) Position Lessened by Schroder Investment Management Group

Schroder Investment Management Group cut its position in EQT Co. (NYSE:EQT - Free Report) by 23.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 336,359 shares of the oil and gas producer's stock after selling 102,833 shares during the quarter. Schroder Investment Management Group owned about 0.06% of EQT worth $15,671,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. L & S Advisors Inc acquired a new position in shares of EQT during the fourth quarter worth approximately $2,432,000. Allstate Corp acquired a new position in EQT during the 4th quarter worth $778,000. Orion Portfolio Solutions LLC grew its stake in shares of EQT by 20.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 28,653 shares of the oil and gas producer's stock worth $1,321,000 after purchasing an additional 4,932 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of EQT by 344.3% during the fourth quarter. Blair William & Co. IL now owns 25,423 shares of the oil and gas producer's stock valued at $1,172,000 after purchasing an additional 19,701 shares during the period. Finally, NEOS Investment Management LLC raised its stake in shares of EQT by 30.3% during the fourth quarter. NEOS Investment Management LLC now owns 21,398 shares of the oil and gas producer's stock valued at $987,000 after purchasing an additional 4,973 shares in the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on EQT shares. StockNews.com lowered shares of EQT from a "hold" rating to a "sell" rating in a research report on Monday. Piper Sandler increased their price objective on shares of EQT from $35.00 to $36.00 and gave the company a "neutral" rating in a report on Thursday, March 6th. Wells Fargo & Company boosted their target price on EQT from $53.00 to $58.00 and gave the stock an "overweight" rating in a report on Wednesday, March 19th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $49.00 price target on shares of EQT in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. boosted their price objective on EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $55.72.

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EQT Trading Up 0.3 %

EQT stock traded up $0.12 during midday trading on Tuesday, reaching $47.43. The stock had a trading volume of 17,100,253 shares, compared to its average volume of 7,701,045. The firm's fifty day simple moving average is $51.11 and its two-hundred day simple moving average is $45.86. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. EQT Co. has a twelve month low of $30.02 and a twelve month high of $56.66. The firm has a market cap of $28.34 billion, a price-to-earnings ratio of 118.58, a PEG ratio of 0.64 and a beta of 1.35.

EQT (NYSE:EQT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.19. The business 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%. Equities analysts anticipate that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT's dividend payout ratio (DPR) is 157.50%.

About EQT

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.