Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of EQT Co. (NYSE:EQT - Free Report) by 30.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,220,556 shares of the oil and gas producer's stock after purchasing an additional 282,423 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.28% of EQT worth $44,721,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Vantage Investment Partners LLC boosted its stake in EQT by 17.7% in the 3rd quarter. Vantage Investment Partners LLC now owns 1,104,155 shares of the oil and gas producer's stock worth $40,456,000 after purchasing an additional 166,006 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in shares of EQT by 870.3% in the third quarter. Venturi Wealth Management LLC now owns 1,892 shares of the oil and gas producer's stock worth $69,000 after buying an additional 1,697 shares in the last quarter. Chartwell Investment Partners LLC increased its position in shares of EQT by 11.4% during the third quarter. Chartwell Investment Partners LLC now owns 78,000 shares of the oil and gas producer's stock valued at $2,858,000 after acquiring an additional 8,000 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in EQT by 34.2% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 208,897 shares of the oil and gas producer's stock worth $7,654,000 after acquiring an additional 53,285 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its position in EQT by 7.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 13,646 shares of the oil and gas producer's stock valued at $500,000 after acquiring an additional 926 shares in the last quarter. 90.81% of the stock is owned by institutional investors.
Analyst Ratings Changes
EQT has been the subject of several recent analyst reports. Piper Sandler boosted their price target on EQT from $32.00 to $34.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. JPMorgan Chase & Co. raised their price target on shares of EQT from $37.00 to $39.00 and gave the company an "overweight" rating in a report on Thursday, September 26th. Citigroup upgraded shares of EQT from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $37.00 to $44.00 in a research note on Thursday, October 3rd. Mizuho raised their target price on shares of EQT from $41.00 to $45.00 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. Finally, Truist Financial decreased their target price on shares of EQT from $36.00 to $32.00 and set a "hold" rating for the company in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $42.83.
Get Our Latest Analysis on EQT
EQT Price Performance
NYSE EQT traded down $0.15 during trading hours on Friday, reaching $42.71. The company's stock had a trading volume of 4,711,865 shares, compared to its average volume of 7,066,280. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. EQT Co. has a 1 year low of $30.02 and a 1 year high of $44.28. The firm's 50-day moving average price is $36.91 and its 200-day moving average price is $36.81. The company has a market capitalization of $25.48 billion, a price-to-earnings ratio of 50.85 and a beta of 1.06.
EQT (NYSE:EQT - Get Free Report) last issued its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.06. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. EQT's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 earnings per share. On average, equities research analysts predict that EQT Co. will post 1.28 EPS for the current fiscal year.
EQT Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 6th will be given a $0.1575 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.48%. EQT's dividend payout ratio is currently 75.00%.
About EQT
(
Free Report)
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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