EQT Co. (NYSE:EQT) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its holdings in EQT Co. (NYSE:EQT) by 1.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 216,430 shares of the oil and gas producer’s stock after acquiring an additional 3,669 shares during the period. Asset Management One Co. Ltd.’s holdings in EQT were worth $9,592,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in EQT. MTM Investment Management LLC boosted its position in shares of EQT by 36.3% in the fourth quarter. MTM Investment Management LLC now owns 11,381 shares of the oil and gas producer’s stock worth $525,000 after acquiring an additional 3,029 shares during the last quarter. Van ECK Associates Corp raised its stake in EQT by 18.2% during the fourth quarter. Van ECK Associates Corp now owns 659,534 shares of the oil and gas producer’s stock worth $30,411,000 after purchasing an additional 101,762 shares during the period. Allspring Global Investments Holdings LLC raised its stake in EQT by 386.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,347,660 shares of the oil and gas producer’s stock worth $205,830,000 after purchasing an additional 3,454,741 shares during the period. Capital Advisors Inc. OK raised its stake in EQT by 28.4% during the fourth quarter. Capital Advisors Inc. OK now owns 903,826 shares of the oil and gas producer’s stock worth $40,792,000 after purchasing an additional 199,927 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new position in EQT during the fourth quarter worth approximately $55,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

EQT Price Performance

EQT stock opened at $53.49 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. The stock’s 50 day moving average is $48.85 and its two-hundred day moving average is $41.12. The company has a market capitalization of $31.91 billion, a PE ratio of 63.67, a P/E/G ratio of 0.62 and a beta of 1.08. EQT Co. has a 52-week low of $30.02 and a 52-week high of $54.85.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be paid a $0.1575 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.18%. EQT’s dividend payout ratio (DPR) is presently 75.00%.

Insider Transactions 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 value of $1,351,803.82. Following the completion of the sale, the director now directly owns 201,608 shares of the company’s stock, valued at $9,038,086.64. The trade was a 13.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EQT. Scotiabank lowered EQT from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $55.00 to $54.00 in a research report on Friday, January 17th. Jefferies Financial Group raised their price objective on EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. raised their price target on shares of EQT from $50.00 to $53.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Mizuho upgraded shares of EQT from a “neutral” rating to an “outperform” rating and raised their price target for the company from $48.00 to $57.00 in a report on Monday, December 16th. Finally, Stephens raised their target price on shares of EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, EQT currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.89.

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.