EQT Co. (NYSE:EQT) Stock Holdings Decreased by Jacobi Capital Management LLC

Jacobi Capital Management LLC reduced its position in EQT Co. (NYSE:EQT) by 20.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,447 shares of the oil and gas producer’s stock after selling 1,395 shares during the period. Jacobi Capital Management LLC’s holdings in EQT were worth $251,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in EQT. Wellington Management Group LLP boosted its holdings in shares of EQT by 38.7% during the third quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer’s stock worth $2,716,968,000 after purchasing an additional 20,700,921 shares during the period. State Street Corp boosted its holdings in shares of EQT by 24.5% during the third quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer’s stock worth $1,359,183,000 after purchasing an additional 7,290,822 shares during the period. Geode Capital Management LLC boosted its holdings in shares of EQT by 34.4% during the third quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer’s stock worth $511,159,000 after purchasing an additional 3,582,418 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of EQT by 28.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,013,058 shares of the oil and gas producer’s stock worth $183,678,000 after purchasing an additional 1,108,134 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of EQT by 386.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,347,660 shares of the oil and gas producer’s stock worth $205,830,000 after purchasing an additional 3,454,741 shares during the period. 90.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on EQT shares. The Goldman Sachs Group restated a “reduce” rating on shares of EQT in a report on Wednesday, February 12th. JPMorgan Chase & Co. lifted their target price on shares of EQT from $53.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Scotiabank cut shares of EQT from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the company from $55.00 to $54.00 in a research note on Friday, January 17th. Mizuho upgraded shares of EQT from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $48.00 to $57.00 in a research note on Monday, December 16th. Finally, Sanford C. Bernstein upgraded shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 target price for the company in a research note on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $52.39.

EQT Trading Up 1.2 %

Shares of EQT stock opened at $48.77 on Tuesday. EQT Co. has a 1 year low of $30.02 and a 1 year high of $56.66. The firm’s fifty day simple moving average is $50.26 and its 200 day simple moving average is $42.60. The firm has a market capitalization of $29.14 billion, a P/E ratio of 121.93, a price-to-earnings-growth ratio of 0.64 and a beta of 1.08. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37.

EQT (NYSE:EQT) last announced its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.19. EQT had a net margin of 4.37% and a return on equity of 4.35%. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. As a group, sell-side analysts predict that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Tuesday, February 18th. EQT’s dividend payout ratio (DPR) is currently 157.50%.

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.