EQT Co. (NYSE:EQT) Shares Acquired by Fmr LLC

Fmr LLC grew its stake in shares of EQT Co. (NYSE:EQT) by 2.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,133,197 shares of the oil and gas producer’s stock after acquiring an additional 28,129 shares during the quarter. Fmr LLC owned about 0.19% of EQT worth $41,520,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of EQT. Cetera Investment Advisers purchased a new position in shares of EQT in the first quarter worth $2,274,000. Cetera Advisors LLC lifted its position in EQT by 9.9% during the 1st quarter. Cetera Advisors LLC now owns 14,586 shares of the oil and gas producer’s stock worth $541,000 after acquiring an additional 1,318 shares during the period. CWM LLC grew its stake in EQT by 20.4% during the 2nd quarter. CWM LLC now owns 11,308 shares of the oil and gas producer’s stock valued at $418,000 after purchasing an additional 1,917 shares during the last quarter. Czech National Bank increased its holdings in shares of EQT by 16.3% in the second quarter. Czech National Bank now owns 84,149 shares of the oil and gas producer’s stock valued at $3,112,000 after purchasing an additional 11,775 shares during the period. Finally, Securian Asset Management Inc. lifted its holdings in shares of EQT by 4.8% during the second quarter. Securian Asset Management Inc. now owns 25,391 shares of the oil and gas producer’s stock worth $939,000 after purchasing an additional 1,165 shares during the period. 90.81% of the stock is owned by hedge funds and other institutional investors.

EQT Stock Down 2.5 %

EQT stock opened at $43.33 on Friday. EQT Co. has a 52 week low of $30.02 and a 52 week high of $48.02. 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 firm has a 50-day simple moving average of $40.22 and a 200-day simple moving average of $37.29. The stock has a market capitalization of $25.85 billion, a P/E ratio of 51.58 and a beta of 1.14.

EQT (NYSE:EQT) last announced its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 earnings per share. Equities analysts forecast that EQT Co. will post 1.36 earnings per share for the current fiscal year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th were paid a dividend of $0.1575 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.63 annualized dividend and a yield of 1.45%. EQT’s dividend payout ratio (DPR) is presently 75.00%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Mizuho increased their price target on shares of EQT from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Truist Financial increased their price objective on shares of EQT from $32.00 to $41.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. BMO Capital Markets boosted their target price on shares of EQT from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. Stephens lifted their price objective on EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company upped their target price on EQT from $42.00 to $52.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, EQT currently has an average rating of “Hold” and a consensus price target of $46.11.

Insider Transactions at EQT

In related news, Director Thomas F. Karam sold 30,154 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the completion of the sale, the director now owns 201,608 shares of the company’s stock, valued at approximately $9,038,086.64. This represents a 13.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.63% of the company’s stock.

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.