Mediolanum International Funds Ltd Has $242,000 Holdings in EQT Co. (NYSE:EQT)

Mediolanum International Funds Ltd boosted its position in shares of EQT Co. (NYSE:EQT) by 68.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,627 shares of the oil and gas producer’s stock after buying an additional 2,692 shares during the period. Mediolanum International Funds Ltd’s holdings in EQT were worth $242,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of EQT. Cetera Investment Advisers bought a new position in shares of EQT in the 1st quarter valued at $2,274,000. UniSuper Management Pty Ltd boosted its stake in shares of EQT by 563.1% in the 1st quarter. UniSuper Management Pty Ltd now owns 29,102 shares of the oil and gas producer’s stock valued at $1,079,000 after purchasing an additional 24,713 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of EQT by 17.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 468,677 shares of the oil and gas producer’s stock worth $17,374,000 after buying an additional 70,325 shares during the last quarter. Vanguard Group Inc. increased its holdings in 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 worth $1,885,590,000 after purchasing an additional 3,942,802 shares in the last quarter. Finally, Swedbank AB acquired a new stake in shares of EQT during the first quarter valued at about $4,073,000. 90.81% of the stock is owned by institutional investors.

EQT Stock Up 1.4 %

Shares of NYSE:EQT opened at $37.48 on Monday. The firm has a market cap of $16.55 billion, a P/E ratio of 27.16 and a beta of 1.06. EQT Co. has a 52-week low of $30.02 and a 52-week high of $45.23. The business’s 50 day simple moving average is $34.87 and its two-hundred day simple moving average is $36.60. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.73 and a current ratio of 0.73.

EQT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Wednesday, November 6th. EQT’s dividend payout ratio (DPR) is 45.65%.

Wall Street Analyst Weigh In

EQT has been the topic of a number of research reports. Citigroup raised shares of EQT from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $37.00 to $44.00 in a report on Thursday, October 3rd. UBS Group decreased their price objective on EQT from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Wednesday, September 18th. JPMorgan Chase & Co. lifted their target price on EQT from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, September 26th. StockNews.com raised EQT to a “sell” rating in a research note on Friday, July 26th. Finally, Scotiabank lifted their price objective on EQT from $54.00 to $55.00 and gave the stock a “sector outperform” rating in a research note on Friday, July 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $42.18.

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.