EQT Corporation $EQT Shares Acquired by Baird Financial Group Inc.

Baird Financial Group Inc. boosted its holdings in EQT Corporation (NYSE:EQT) by 20.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,473 shares of the oil and gas producer’s stock after purchasing an additional 17,839 shares during the quarter. Baird Financial Group Inc.’s holdings in EQT were worth $6,210,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Atria Wealth Solutions Inc. purchased a new stake in shares of EQT in the first quarter valued at about $248,000. Citigroup Inc. grew its holdings in shares of EQT by 18.5% during the first quarter. Citigroup Inc. now owns 711,712 shares of the oil and gas producer’s stock worth $38,027,000 after buying an additional 111,282 shares during the last quarter. Townsquare Capital LLC increased its position in EQT by 21.2% in the 1st quarter. Townsquare Capital LLC now owns 23,934 shares of the oil and gas producer’s stock valued at $1,279,000 after acquiring an additional 4,180 shares during the period. Zions Bancorporation National Association UT purchased a new stake in EQT during the 1st quarter valued at approximately $35,000. Finally, Nuveen LLC purchased a new stake in EQT during the 1st quarter valued at approximately $120,252,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on EQT shares. Barclays dropped their target price on EQT from $68.00 to $67.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Bank of America boosted their price objective on shares of EQT from $63.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of EQT in a research report on Monday. Wells Fargo & Company lowered their target price on shares of EQT from $68.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, October 23rd. Finally, Mizuho dropped their price target on shares of EQT from $66.00 to $60.00 and set an “outperform” rating on the stock in a research note on Monday, September 15th. Eighteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, EQT currently has an average rating of “Moderate Buy” and a consensus target price of $64.43.

Insider Transactions at EQT

In other EQT news, EVP J.E.B. Bolen sold 1,422 shares of the business’s stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $52.79, for a total transaction of $75,067.38. Following the sale, the executive vice president directly owned 69,486 shares in the company, valued at approximately $3,668,165.94. The trade was a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.65% of the company’s stock.

EQT Stock Down 0.2%

Shares of NYSE EQT opened at $58.53 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $56.75 and a 200 day moving average price of $54.99. EQT Corporation has a 52 week low of $42.27 and a 52 week high of $62.23. The stock has a market capitalization of $36.52 billion, a price-to-earnings ratio of 20.04, a price-to-earnings-growth ratio of 0.48 and a beta of 0.62.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, October 21st. The oil and gas producer reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. EQT had a net margin of 22.59% and a return on equity of 6.88%. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.78 billion. The firm’s quarterly revenue was up 52.6% compared to the same quarter last year. During the same period last year, the company posted $0.12 earnings per share. Equities research analysts anticipate that EQT Corporation will post 3.27 EPS for the current fiscal year.

EQT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Wednesday, November 5th were issued a dividend of $0.165 per share. This is a boost from EQT’s previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, November 5th. EQT’s payout ratio is presently 22.60%.

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.