Vanguard Group Inc. Purchases 358,649 Shares of EQT Co. (NYSE:EQT)

Vanguard Group Inc. raised its position in shares of EQT Co. (NYSE:EQT) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 72,530,286 shares of the oil and gas producer’s stock after purchasing an additional 358,649 shares during the quarter. Vanguard Group Inc. owned 0.12% of EQT worth $3,344,371,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EQT. Truvestments Capital LLC bought a new stake in EQT during the third quarter valued at about $30,000. Quarry LP lifted its position in shares of EQT by 184.7% during the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 578 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of EQT during the 3rd quarter valued at approximately $36,000. Financial Avengers Inc. increased its holdings in EQT by 100.8% in the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock worth $37,000 after acquiring an additional 504 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock worth $45,000 after acquiring an additional 205 shares during the period. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. StockNews.com raised shares of EQT from a “sell” rating to a “hold” rating in a report on Tuesday. Wells Fargo & Company upped their price objective on EQT from $53.00 to $58.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 19th. Sanford C. Bernstein raised EQT from a “market perform” rating to an “outperform” rating and set a $73.00 target price on the stock in a research note on Wednesday, January 15th. Mizuho upgraded EQT from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $48.00 to $57.00 in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of EQT from $58.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.50.

EQT Trading Up 0.5 %

Shares of NYSE EQT opened at $54.25 on Wednesday. The stock has a market capitalization of $32.41 billion, a P/E ratio of 135.63, a PEG ratio of 0.64 and a beta of 1.12. EQT Co. has a 1-year low of $30.02 and a 1-year high of $56.66. The business’s 50 day moving average is $51.40 and its two-hundred day moving average is $44.58. 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 (NYSE:EQT) last issued its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.50 by $0.19. EQT had a net margin of 4.37% and a return on equity of 4.35%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.81 billion. As a group, research analysts expect that EQT Co. will post 3.27 EPS for the current year.

EQT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Tuesday, February 18th. EQT’s dividend payout ratio is presently 157.50%.

EQT Company Profile

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.