Boston Partners Has $293.21 Million Stock Holdings in EQT Co. (NYSE:EQT)

Boston Partners grew its position in EQT Co. (NYSE:EQT) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,356,476 shares of the oil and gas producer’s stock after purchasing an additional 429,630 shares during the period. Boston Partners’ holdings in EQT were worth $293,213,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of EQT. Truvestments Capital LLC bought a new stake in shares of EQT during the third quarter worth $30,000. Quarry LP increased its position in shares of EQT by 184.7% during the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 578 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of EQT by 26.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock worth $45,000 after acquiring an additional 205 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of EQT during the third quarter worth $36,000. Finally, Financial Avengers Inc. increased its position in shares of EQT by 100.8% during the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock worth $37,000 after acquiring an additional 504 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Citigroup increased their price objective on shares of EQT from $51.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday. Wells Fargo & Company raised their target price on shares of EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. UBS Group raised their target price on shares of EQT from $54.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. StockNews.com raised shares of EQT from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Sanford C. Bernstein raised 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 report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $53.06.

EQT Price Performance

Shares of EQT stock opened at $51.57 on Tuesday. EQT Co. has a twelve month low of $30.02 and a twelve 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. The company has a 50-day simple moving average of $50.90 and a two-hundred day simple moving average of $43.72. The stock has a market capitalization of $30.81 billion, a price-to-earnings ratio of 128.93, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.50 by $0.19. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. Analysts forecast that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Tuesday, February 18th. EQT’s payout ratio is presently 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.