EQT Co. (NYSE:EQT) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in shares of EQT Co. (NYSE:EQT - Free Report) by 216.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 737,309 shares of the oil and gas producer's stock after purchasing an additional 504,113 shares during the quarter. Victory Capital Management Inc. owned 0.17% of EQT worth $27,015,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in EQT. Cetera Investment Advisers acquired a new stake in shares of EQT in the 1st quarter valued at $2,274,000. UniSuper Management Pty Ltd increased its holdings in EQT by 563.1% during the 1st quarter. UniSuper Management Pty Ltd now owns 29,102 shares of the oil and gas producer's stock valued at $1,079,000 after purchasing an additional 24,713 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of 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 last quarter. Swedbank AB acquired a new stake in shares of EQT in the first quarter valued at $4,073,000. Finally, Virtu Financial LLC increased its stake in shares of EQT by 184.3% in the first quarter. Virtu Financial LLC now owns 53,138 shares of the oil and gas producer's stock valued at $1,970,000 after buying an additional 34,446 shares in the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

EQT Stock Up 3.7 %

EQT stock traded up $1.57 during mid-day trading on Monday, reaching $44.28. The stock had a trading volume of 7,127,161 shares, compared to its average volume of 7,066,858. The company has a 50-day moving average price of $36.91 and a two-hundred day moving average price of $36.77. The company has a market capitalization of $26.42 billion, a price-to-earnings ratio of 50.85 and a beta of 1.06. EQT Co. has a one year low of $30.02 and a one year high of $44.62. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51.

EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.06. EQT had a net margin of 5.52% and a return on equity of 3.74%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the firm posted $0.30 earnings per share. The firm's revenue was up 8.2% compared to the same quarter last year. On average, analysts expect that EQT Co. will post 1.28 EPS for the current fiscal year.

EQT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 6th will be paid a dividend of $0.1575 per share. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.42%. EQT's dividend payout ratio is presently 75.00%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on EQT shares. Truist Financial lowered their price target on shares of EQT from $36.00 to $32.00 and set a "hold" rating for the company in a report on Monday, July 22nd. Citigroup raised EQT from a "neutral" rating to a "buy" rating and upped their price target for the company from $37.00 to $44.00 in a research note on Thursday, October 3rd. Stephens upped their target price on shares of EQT from $37.00 to $38.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. Morgan Stanley reiterated an "overweight" rating and set a $45.00 price target on shares of EQT in a research report on Friday, September 13th. Finally, Bank of America began coverage on shares of EQT in a research note on Monday, October 28th. They set a "buy" rating and a $50.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $42.83.

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.