Janus Henderson Group PLC Buys 1,367 Shares of EQT Co. (NYSE:EQT)

Janus Henderson Group PLC grew its stake in EQT Co. (NYSE:EQT) by 2.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,785 shares of the oil and gas producer’s stock after purchasing an additional 1,367 shares during the quarter. Janus Henderson Group PLC’s holdings in EQT were worth $2,296,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of EQT by 44.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,555 shares of the oil and gas producer’s stock worth $2,379,000 after acquiring an additional 16,416 shares in the last quarter. D.A. Davidson & CO. grew its stake in EQT by 13.4% in the fourth quarter. D.A. Davidson & CO. now owns 6,467 shares of the oil and gas producer’s stock worth $298,000 after purchasing an additional 762 shares during the period. Segment Wealth Management LLC bought a new position in EQT in the fourth quarter worth $1,735,000. Teacher Retirement System of Texas purchased a new position in EQT during the fourth quarter valued at $244,000. Finally, Nkcfo LLC bought a new stake in shares of EQT during the 4th quarter valued at $738,000. 90.81% of the stock is owned by hedge funds and other institutional investors.

EQT Stock Up 1.0%

EQT stock opened at $56.09 on Wednesday. EQT Co. has a one year low of $30.02 and a one year high of $57.37. The firm has a market cap of $33.58 billion, a PE ratio of 140.23, a PEG ratio of 0.64 and a beta of 0.59. The firm’s 50 day moving average price is $51.86 and its 200-day moving average price is $49.09. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.20. The company had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.16 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. On average, equities research analysts anticipate that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 7th will be paid a dividend of $0.1575 per share. The ex-dividend date is Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.12%. EQT’s payout ratio is currently 110.53%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group reissued a “reduce” rating on shares of EQT in a research report on Wednesday, February 12th. Citigroup lifted their target price on shares of EQT from $51.00 to $60.00 and gave the company a “buy” rating in a report on Monday, March 17th. JPMorgan Chase & Co. upped their price target on EQT from $58.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, March 13th. StockNews.com cut EQT from a “hold” rating to a “sell” rating in a research note on Monday, April 7th. Finally, UBS Group raised EQT from a “neutral” rating to a “buy” rating and increased their target price for the stock from $54.00 to $64.00 in a research note on Monday, May 5th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $56.67.

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.