6,261 Shares in EQT Co. (NYSE:EQT) Acquired by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of EQT Co. (NYSE:EQT) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 6,261 shares of the oil and gas producer’s stock, valued at approximately $232,000.

Several other large investors have also made changes to their positions in EQT. Innealta Capital LLC acquired a new position in EQT during the second quarter valued at $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 worth $37,000 after buying an additional 598 shares during the last quarter. Wolff Wiese Magana LLC grew its holdings in EQT by 936.1% during the second quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer’s stock worth $37,000 after acquiring an additional 908 shares during the period. Principal Securities Inc. purchased a new position in EQT during the fourth quarter valued at approximately $51,000. Finally, Industrial Alliance Investment Management Inc. lifted its holdings in 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 acquiring an additional 570 shares during the period. 90.81% of the stock is owned by hedge funds and other institutional investors.

EQT Stock Up 0.3 %

EQT stock opened at $34.83 on Friday. The company has a market cap of $15.38 billion, a price-to-earnings ratio of 25.24 and a beta of 1.06. The firm has a 50-day moving average of $33.28 and a two-hundred day moving average of $36.44. EQT Co. has a 12 month low of $30.02 and a 12 month 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.

EQT (NYSE:EQT) last announced its quarterly earnings data on Tuesday, July 23rd. The oil and gas producer reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.06 billion. During the same quarter last year, the business posted ($0.17) earnings per share. The firm’s revenue was down 6.5% compared to the same quarter last year. As a group, analysts forecast that EQT Co. will post 1.44 earnings per share for the current fiscal year.

EQT Announces Dividend

The firm 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 payout ratio is 45.65%.

Analysts Set New Price Targets

EQT has been the topic of a number of analyst reports. Truist Financial dropped 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. StockNews.com raised shares of EQT to a “sell” rating in a report on Friday, July 26th. Piper Sandler lowered shares of EQT from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $43.00 to $32.00 in a research note on Thursday, August 15th. Morgan Stanley restated an “overweight” rating and set a $45.00 target price on shares of EQT in a research report on Friday, September 13th. Finally, Wells Fargo & Company raised EQT from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $40.00 to $42.00 in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $43.28.

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.