Victory Capital Management Inc. trimmed its position in shares of EQT Co. (NYSE:EQT - Free Report) by 59.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 297,590 shares of the oil and gas producer's stock after selling 439,719 shares during the period. Victory Capital Management Inc.'s holdings in EQT were worth $13,722,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of EQT. Wellington Management Group LLP raised its position in EQT by 38.7% during the 3rd quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer's stock valued at $2,716,968,000 after purchasing an additional 20,700,921 shares during the last quarter. State Street Corp increased its stake in shares of 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 buying an additional 7,290,822 shares during the period. Geode Capital Management LLC lifted its stake in 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 acquiring an additional 3,582,418 shares during the period. Charles Schwab Investment Management Inc. raised its stake in 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 buying an additional 80,799 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of EQT by 386.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,347,660 shares of the oil and gas producer's stock valued at $205,830,000 after purchasing an additional 3,454,741 shares during the period. 90.81% of the stock is currently owned by hedge funds and other institutional investors.
EQT Stock Performance
NYSE:EQT traded down $0.19 on Thursday, hitting $48.76. The stock had a trading volume of 4,968,886 shares, compared to its average volume of 8,678,676. EQT Co. has a 52-week low of $30.02 and a 52-week high of $56.66. The stock 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. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The business's 50-day simple moving average is $50.71 and its two-hundred day simple moving average is $43.28.
EQT (NYSE:EQT - Get Free Report) last announced 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 business had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. As a group, research analysts predict that EQT Co. will post 3.27 earnings per share for the current year.
EQT Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $0.1575 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a yield of 1.29%. EQT's dividend payout ratio is currently 157.50%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on EQT shares. UBS Group raised their target price on shares of EQT from $54.00 to $58.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Truist Financial raised their price target on EQT from $41.00 to $56.00 and gave the company a "hold" rating in a report on Monday, January 13th. The Goldman Sachs Group reissued a "reduce" rating on shares of EQT in a research report on Wednesday, February 12th. Morgan Stanley upped their target price on shares of EQT from $45.00 to $56.00 and gave the stock an "overweight" rating in a research note on Monday, November 25th. Finally, Sanford C. Bernstein raised shares of EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price target for the company in a research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $52.56.
Get Our Latest Report on EQT
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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