198,409 Shares in EQT Co. (NYSE:EQT) Acquired by ING Groep NV

ING Groep NV bought a new position in shares of EQT Co. (NYSE:EQT) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 198,409 shares of the oil and gas producer’s stock, valued at approximately $9,149,000.

Other large investors have also added to or reduced their stakes in the company. HM Payson & Co. acquired a new stake in EQT during the third quarter worth approximately $25,000. Truvestments Capital LLC acquired a new stake in EQT during the third quarter worth approximately $30,000. Quarry LP grew its stake in EQT by 184.7% during the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 578 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in EQT in the third quarter valued at approximately $36,000. Finally, Financial Avengers Inc. grew its stake in EQT by 100.8% in the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock valued at $37,000 after acquiring an additional 504 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

Insider Activity at EQT

In related news, Director Thomas F. Karam sold 30,154 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the completion of the transaction, the director now directly owns 201,608 shares in the company, valued at $9,038,086.64. The trade was a 13.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.63% of the stock is currently owned by corporate insiders.

EQT Stock Performance

NYSE:EQT opened at $50.15 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51. EQT Co. has a 52-week low of $30.02 and a 52-week high of $56.66. The firm has a market cap of $29.92 billion, a price-to-earnings ratio of 125.37, a PEG ratio of 0.66 and a beta of 1.08. The business’s fifty day moving average is $49.57 and its 200 day moving average is $41.58.

EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.19. EQT had a return on equity of 4.82% and a net margin of 4.37%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. Research analysts predict that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be paid a dividend of $0.1575 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.26%. EQT’s payout ratio is 157.50%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Mizuho raised EQT from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $48.00 to $57.00 in a research note on Monday, December 16th. The Goldman Sachs Group raised their price objective on EQT from $59.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. raised their price objective on EQT from $53.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday. Stephens raised their price objective on EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Piper Sandler raised their price objective on EQT from $34.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.17.

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.