EQT Co. (NYSE:EQT) Shares Acquired by Candriam S.C.A.

Candriam S.C.A. lifted its stake in shares of EQT Co. (NYSE:EQT) by 13.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 42,087 shares of the oil and gas producer’s stock after purchasing an additional 5,080 shares during the period. Candriam S.C.A.’s holdings in EQT were worth $1,941,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in EQT. Wellington Management Group LLP increased its stake 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 valued at $2,716,968,000 after acquiring an additional 20,700,921 shares during the period. State Street Corp boosted its holdings in 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 buying an additional 7,290,822 shares in the last quarter. Geode Capital Management LLC boosted its holdings in 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 buying an additional 3,582,418 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in 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 buying an additional 3,454,741 shares in the last quarter. Finally, Holocene Advisors LP bought a new stake in EQT during the third quarter worth approximately $97,979,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on EQT shares. Wells Fargo & Company raised their target price on shares of EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Mizuho upgraded shares of EQT from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $48.00 to $57.00 in a report on Monday, December 16th. The Goldman Sachs Group restated a “reduce” rating on shares of EQT in a report on Wednesday, February 12th. Morgan Stanley raised their target price on shares of EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Finally, Scotiabank lowered shares of EQT from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $55.00 to $54.00 in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, EQT presently has an average rating of “Hold” and an average price target of $52.44.

EQT Trading Up 1.7 %

Shares of NYSE:EQT opened at $46.96 on Monday. The firm has a fifty day moving average of $50.58 and a two-hundred day moving average of $43.03. The firm has a market capitalization of $28.06 billion, a P/E ratio of 117.40, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. EQT Co. has a 12-month low of $30.02 and a 12-month high of $56.66. 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 (NYSE:EQT) last issued its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.19. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. On average, equities analysts expect that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.1575 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.34%. EQT’s dividend payout ratio 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.