Dimensional Fund Advisors LP Acquires 380,564 Shares of EQT Co. (NYSE:EQT)

Dimensional Fund Advisors LP grew its stake in EQT Co. (NYSE:EQTFree Report) by 12.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,534,575 shares of the oil and gas producer’s stock after purchasing an additional 380,564 shares during the period. Dimensional Fund Advisors LP owned approximately 0.86% of EQT worth $136,658,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp boosted its stake in EQT by 3.7% during the third quarter. Fifth Third Bancorp now owns 7,363 shares of the oil and gas producer’s stock worth $299,000 after buying an additional 264 shares during the period. Allworth Financial LP raised its position in EQT by 26.9% in the 3rd quarter. Allworth Financial LP now owns 1,332 shares of the oil and gas producer’s stock worth $54,000 after purchasing an additional 282 shares during the period. New Mexico Educational Retirement Board boosted its position in shares of EQT by 5.6% during the third quarter. New Mexico Educational Retirement Board now owns 18,800 shares of the oil and gas producer’s stock valued at $763,000 after buying an additional 1,000 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of EQT by 6.3% during the third quarter. Daiwa Securities Group Inc. now owns 29,864 shares of the oil and gas producer’s stock valued at $1,212,000 after buying an additional 1,758 shares during the last quarter. Finally, Empirical Finance LLC raised its holdings in shares of EQT by 7.6% in the third quarter. Empirical Finance LLC now owns 19,989 shares of the oil and gas producer’s stock worth $811,000 after buying an additional 1,411 shares during the period. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Jefferies Financial Group upped their price objective on EQT from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $46.00 price objective on shares of EQT in a report on Tuesday, March 5th. Morgan Stanley lifted their price target on shares of EQT from $37.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, April 17th. BMO Capital Markets lifted their target price on EQT from $40.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, May 13th. Finally, The Goldman Sachs Group dropped their price target on EQT from $48.00 to $43.00 and set a “buy” rating on the stock in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $44.94.

View Our Latest Research Report on EQT

EQT Price Performance

NYSE:EQT opened at $41.17 on Friday. EQT Co. has a one year low of $32.07 and a one year high of $45.23. The stock has a market cap of $18.18 billion, a PE ratio of 29.83 and a beta of 1.09. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a 50 day moving average price of $37.45 and a 200 day moving average price of $37.67.

EQT (NYSE:EQTGet Free Report) last issued its earnings results on Tuesday, April 23rd. The oil and gas producer reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.17. EQT had a return on equity of 4.57% and a net margin of 10.96%. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the company earned $1.70 EPS. The company’s revenue for the quarter was down 28.8% on a year-over-year basis. Equities research analysts expect that EQT Co. will post 1.03 EPS for the current fiscal year.

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 8th will be issued a $0.1575 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $0.63 annualized dividend and a dividend yield of 1.53%. EQT’s dividend payout ratio is currently 45.65%.

EQT 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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