EQT Co. (NYSE:EQT) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in EQT Co. (NYSE:EQT) by 19.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,224,784 shares of the oil and gas producer’s stock after buying an additional 697,824 shares during the period. Dimensional Fund Advisors LP owned approximately 0.96% of EQT worth $156,243,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Innealta Capital LLC purchased a new position in EQT in the 2nd quarter worth approximately $28,000. Blue Trust Inc. boosted 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. Wolff Wiese Magana LLC boosted its stake in shares of EQT by 936.1% in the second quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 908 shares during the period. Principal Securities Inc. purchased a new stake in EQT during the 4th quarter worth $51,000. Finally, Industrial Alliance Investment Management Inc. lifted its holdings in EQT by 65.5% in the 2nd quarter. Industrial Alliance Investment Management Inc. now owns 1,440 shares of the oil and gas producer’s stock worth $53,000 after buying an additional 570 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Analyst Ratings Changes

EQT has been the subject of several recent analyst reports. Mizuho lowered their target price on EQT from $45.00 to $43.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Wells Fargo & Company upgraded EQT from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $40.00 to $42.00 in a report on Wednesday, August 14th. Wolfe Research started coverage on EQT in a research note on Thursday, July 18th. They set an “outperform” rating and a $51.00 target price for the company. Citigroup restated a “neutral” rating and issued a $37.00 price target on shares of EQT in a research note on Friday, August 23rd. Finally, Truist Financial reduced their price objective on shares of EQT from $36.00 to $32.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. 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. According to data from MarketBeat.com, EQT currently has an average rating of “Hold” and a consensus price target of $43.28.

EQT Stock Up 0.3 %

NYSE:EQT opened at $34.83 on Friday. The firm has a market capitalization of $15.38 billion, a PE ratio of 25.24 and a beta of 1.06. EQT Co. has a 52 week low of $30.02 and a 52 week high of $45.23. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.33. The stock has a 50 day moving average of $33.28 and a 200-day moving average of $36.45.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, July 23rd. The oil and gas producer reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.12. EQT had a return on equity of 4.52% and a net margin of 12.45%. The firm had revenue of $952.51 million for the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the company earned ($0.17) earnings per share. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. Analysts predict that EQT Co. will post 1.44 EPS for the current year.

EQT Announces Dividend

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

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.