Charles Schwab Investment Management Inc. Acquires 1,108,134 Shares of EQT Co. (NYSE:EQT)

Charles Schwab Investment Management Inc. raised its stake in shares of EQT Co. (NYSE:EQT) by 28.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,013,058 shares of the oil and gas producer’s stock after acquiring an additional 1,108,134 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.84% of EQT worth $183,678,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. HM Payson & Co. purchased a new position in shares of EQT during the third quarter valued at approximately $25,000. Innealta Capital LLC purchased a new stake in EQT during the 2nd quarter valued at $28,000. Hexagon Capital Partners LLC lifted its holdings in shares of EQT by 18,080.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 904 shares during the period. Wolff Wiese Magana LLC boosted its stake in shares of EQT by 936.1% in the 2nd quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer’s stock worth $37,000 after buying an additional 908 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of EQT by 149.5% in the second quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock worth $37,000 after acquiring an additional 598 shares during the period. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Mizuho increased their target price on EQT from $41.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Piper Sandler increased their price objective on shares of EQT from $32.00 to $34.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. UBS Group boosted their target price on shares of EQT from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Citigroup upgraded shares of EQT from a “neutral” rating to a “buy” rating and increased their price target for the stock from $37.00 to $44.00 in a research report on Thursday, October 3rd. Finally, Wells Fargo & Company raised shares of EQT from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $40.00 to $42.00 in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $42.83.

EQT Trading Down 2.1 %

Shares of EQT opened at $45.92 on Friday. The firm has a market cap of $27.40 billion, a P/E ratio of 54.67 and a beta of 1.06. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. EQT Co. has a 1 year low of $30.02 and a 1 year high of $48.02. The company has a 50 day simple moving average of $38.20 and a two-hundred day simple moving average of $36.98.

EQT (NYSE:EQT) last posted its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.06. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. EQT’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the company posted $0.30 earnings per share. On average, equities analysts expect that EQT Co. will post 1.35 earnings per share for the current fiscal year.

EQT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 6th will be given a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.37%. EQT’s dividend payout ratio is currently 75.00%.

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.