DekaBank Deutsche Girozentrale Raises Position in EQT Co. (NYSE:EQT)

DekaBank Deutsche Girozentrale raised its stake in EQT Co. (NYSE:EQTFree Report) by 10.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,564 shares of the oil and gas producer’s stock after purchasing an additional 2,201 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in EQT were worth $873,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of EQT. Compound Global Advisors LLC increased its position in shares of EQT by 130.2% during the fourth quarter. Compound Global Advisors LLC now owns 409,545 shares of the oil and gas producer’s stock valued at $15,833,000 after acquiring an additional 231,651 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of EQT by 212.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 174,346 shares of the oil and gas producer’s stock valued at $6,740,000 after acquiring an additional 118,482 shares during the last quarter. Vanguard Group Inc. increased its position in shares of EQT by 8.6% during the third quarter. Vanguard Group Inc. now owns 44,899,640 shares of the oil and gas producer’s stock valued at $1,822,027,000 after acquiring an additional 3,539,661 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of EQT by 6.5% during the third quarter. Bank of New York Mellon Corp now owns 18,037,923 shares of the oil and gas producer’s stock valued at $731,979,000 after acquiring an additional 1,098,211 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of EQT by 5.4% during the third quarter. Principal Financial Group Inc. now owns 437,630 shares of the oil and gas producer’s stock valued at $17,759,000 after acquiring an additional 22,560 shares during the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EQT has been the subject of a number of research analyst reports. StockNews.com raised EQT to a “sell” rating in a research report on Tuesday, March 12th. Jefferies Financial Group increased their price objective on EQT from $42.00 to $43.00 and gave the company a “buy” rating in a report on Friday, April 5th. Piper Sandler increased their price objective on EQT from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, March 7th. Mizuho reissued a “neutral” rating and set a $39.00 price objective on shares of EQT in a report on Thursday, April 4th. Finally, The Goldman Sachs Group reduced their price objective on EQT from $48.00 to $43.00 and set a “buy” rating for the company in a report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $44.13.

Check Out Our Latest Analysis on EQT

EQT Price Performance

EQT stock opened at $37.25 on Monday. The firm has a market capitalization of $16.41 billion, a P/E ratio of 8.76 and a beta of 1.12. EQT Co. has a one year low of $30.84 and a one year high of $45.23. The business has a fifty day moving average price of $35.73 and a 200-day moving average price of $38.17. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.99 and a quick ratio of 0.99.

EQT (NYSE:EQTGet Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The oil and gas producer reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.58 billion. EQT had a return on equity of 7.12% and a net margin of 25.12%. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the company earned $0.42 earnings per share. As a group, equities research analysts forecast that EQT Co. will post 1.53 EPS for the current year.

EQT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Tuesday, February 20th were paid a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.69%. The ex-dividend date was Friday, February 16th. EQT’s dividend payout ratio is 14.82%.

EQT Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for EQT (NYSE:EQT)

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