Vanguard Personalized Indexing Management LLC Increases Stock Position in EQT Co. (NYSE:EQT)

Vanguard Personalized Indexing Management LLC lifted its holdings in shares of EQT Co. (NYSE:EQT) by 14.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,782 shares of the oil and gas producer’s stock after buying an additional 4,943 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in EQT were worth $1,430,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of EQT. Innealta Capital LLC purchased a new position in EQT in the second quarter worth $28,000. Wolff Wiese Magana LLC grew its stake in shares of EQT by 936.1% during the 2nd quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer’s stock worth $37,000 after purchasing an additional 908 shares during the period. Blue Trust Inc. lifted its stake in shares of EQT by 149.5% in the second quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 598 shares during the period. Industrial Alliance Investment Management Inc. lifted its stake in shares of EQT by 65.5% in the second quarter. Industrial Alliance Investment Management Inc. now owns 1,440 shares of the oil and gas producer’s stock valued at $53,000 after purchasing an additional 570 shares during the period. Finally, EntryPoint Capital LLC purchased a new stake in EQT during the first quarter worth about $54,000. 90.81% of the stock is owned by institutional investors and hedge funds.

EQT Price Performance

EQT stock opened at $34.83 on Monday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $15.38 billion, a price-to-earnings ratio of 25.24 and a beta of 1.06. The stock’s fifty day simple moving average is $33.28 and its 200-day simple moving average is $36.43. EQT Co. has a 52-week low of $30.02 and a 52-week high of $45.23.

EQT (NYSE:EQT) last posted its quarterly earnings results on Tuesday, July 23rd. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.12. The firm had revenue of $952.51 million during the quarter, compared to the consensus estimate of $1.06 billion. EQT had a return on equity of 4.52% and a net margin of 12.45%. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.17) earnings per share. Equities research analysts expect that EQT Co. will post 1.44 EPS for the current year.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were issued a $0.1575 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.63 annualized dividend and a yield of 1.81%. EQT’s payout ratio is 45.65%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EQT. Wells Fargo & Company upgraded shares of EQT from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $40.00 to $42.00 in a research report on Wednesday, August 14th. UBS Group dropped their price objective on EQT from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Wednesday, September 18th. Citigroup reiterated a “neutral” rating and set a $37.00 target price on shares of EQT in a research report on Friday, August 23rd. Morgan Stanley restated an “overweight” rating and issued a $45.00 price target on shares of EQT in a research report on Friday, September 13th. Finally, Mizuho decreased their price objective on shares of EQT from $45.00 to $43.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $43.28.

EQT 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.