EQT Co. (NYSE:EQT) Shares Bought by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in EQT Co. (NYSE:EQT) by 23.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 17,588 shares of the oil and gas producer’s stock after purchasing an additional 3,345 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in EQT were worth $644,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in EQT by 22.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 64,877,405 shares of the oil and gas producer’s stock worth $2,405,007,000 after purchasing an additional 11,993,729 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of EQT by 8.4% in the 1st quarter. Vanguard Group Inc. now owns 50,865,664 shares of the oil and gas producer’s stock valued at $1,885,590,000 after purchasing an additional 3,942,802 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of EQT by 2.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 20,348,475 shares of the oil and gas producer’s stock worth $752,487,000 after purchasing an additional 464,781 shares during the last quarter. Modera Wealth Management LLC acquired a new position in EQT in the third quarter valued at about $562,494,000. Finally, Clearbridge Investments LLC raised its stake in shares of EQT by 2.9% in the 2nd quarter. Clearbridge Investments LLC now owns 9,084,686 shares of the oil and gas producer’s stock valued at $335,952,000 after acquiring an additional 253,186 shares during the period. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on EQT shares. JPMorgan Chase & Co. increased their price objective on shares of EQT from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, September 26th. BMO Capital Markets lifted their price objective on shares of EQT from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Morgan Stanley reissued an “overweight” rating and set a $45.00 target price on shares of EQT in a research report on Friday, September 13th. Stephens upped their price target on EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, Piper Sandler raised their price objective on shares of EQT from $32.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.83.

EQT Price Performance

Shares of NYSE:EQT opened at $44.28 on Tuesday. EQT Co. has a one year low of $30.02 and a one year high of $44.62. The stock has a market capitalization of $26.42 billion, a price-to-earnings ratio of 52.71 and a beta of 1.06. The company has a 50-day simple moving average of $36.91 and a 200-day simple moving average of $36.77. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51.

EQT (NYSE:EQT) last posted its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, beating the consensus estimate of $0.06 by $0.06. EQT had a return on equity of 3.74% and a net margin of 5.52%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the business earned $0.30 EPS. The firm’s revenue was up 8.2% compared to the same quarter last year. On average, analysts predict that EQT Co. will post 1.28 EPS for the current year.

EQT Dividend Announcement

The company also recently disclosed 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 is Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a yield of 1.42%. EQT’s dividend payout ratio (DPR) is 75.00%.

EQT 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.