MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 3,695 Shares of EQT Co. (NYSE:EQT)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its holdings in EQT Co. (NYSE:EQT) by 6.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 55,390 shares of the oil and gas producer’s stock after selling 3,695 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in EQT were worth $2,554,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EQT. Vanguard Group Inc. raised its stake in EQT by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 72,530,286 shares of the oil and gas producer’s stock worth $3,344,371,000 after buying an additional 358,649 shares in the last quarter. Geode Capital Management LLC raised its position in shares of EQT by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 14,427,307 shares of the oil and gas producer’s stock worth $663,552,000 after acquiring an additional 429,733 shares in the last quarter. Capital International Investors lifted its stake in shares of EQT by 21.3% during the 4th quarter. Capital International Investors now owns 13,855,244 shares of the oil and gas producer’s stock worth $638,867,000 after purchasing an additional 2,433,632 shares during the last quarter. Clearbridge Investments LLC boosted its position in EQT by 14.7% during the fourth quarter. Clearbridge Investments LLC now owns 13,829,938 shares of the oil and gas producer’s stock valued at $637,698,000 after purchasing an additional 1,774,696 shares in the last quarter. Finally, Invesco Ltd. boosted its position in EQT by 46.3% during the fourth quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer’s stock valued at $606,059,000 after purchasing an additional 4,162,065 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors.

EQT Trading Up 1.0%

EQT stock opened at $56.09 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. EQT Co. has a 52-week low of $30.02 and a 52-week high of $57.37. The company’s 50-day simple moving average is $51.86 and its 200-day simple moving average is $49.09. The firm has a market cap of $33.58 billion, a P/E ratio of 140.23, a PEG ratio of 0.64 and a beta of 0.59.

EQT (NYSE:EQT) last issued its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, beating the consensus estimate of $0.98 by $0.20. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. As a group, equities analysts forecast that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

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

Analysts Set New Price Targets

EQT has been the subject of a number of recent research reports. Stephens reduced their target price on shares of EQT from $59.00 to $57.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Mizuho increased their target price on shares of EQT from $57.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, April 1st. TD Cowen raised shares of EQT from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a report on Tuesday, April 8th. Citigroup increased their price objective on EQT from $51.00 to $60.00 and gave the company a “buy” rating in a report on Monday, March 17th. Finally, Morgan Stanley raised their price objective on EQT from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, EQT presently has an average rating of “Moderate Buy” and a consensus target price of $56.67.

EQT Company Profile

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.