EQT Co. (NYSE:EQT) Holdings Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its holdings in EQT Co. (NYSE:EQT) by 19.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,224,784 shares of the oil and gas producer’s stock after acquiring an additional 697,824 shares during the quarter. Dimensional Fund Advisors LP’s holdings in EQT were worth $156,243,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in EQT. Innealta Capital LLC acquired a new stake in EQT during the 2nd quarter worth about $28,000. Blue Trust Inc. grew its position in EQT by 149.5% during the 2nd quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock worth $37,000 after purchasing an additional 598 shares in the last quarter. Wolff Wiese Magana LLC raised its stake in EQT by 936.1% during the 2nd quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 908 shares during the period. Principal Securities Inc. purchased a new position in shares of EQT during the fourth quarter valued at $51,000. Finally, Industrial Alliance Investment Management Inc. raised its position in EQT by 65.5% during the second quarter. Industrial Alliance Investment Management Inc. now owns 1,440 shares of the oil and gas producer’s stock valued at $53,000 after buying an additional 570 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Trading Up 0.3 %

EQT stock opened at $34.83 on Friday. EQT Co. has a 52 week low of $30.02 and a 52 week high of $45.23. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market capitalization of $15.38 billion, a PE ratio of 25.24 and a beta of 1.06. The business’s 50-day simple moving average is $33.28 and its 200-day simple moving average is $36.45.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, July 23rd. The oil and gas producer reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.12. EQT had a return on equity of 4.52% and a net margin of 12.45%. The company had revenue of $952.51 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the business posted ($0.17) EPS. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. Equities research analysts forecast that EQT Co. will post 1.44 earnings per share for the current year.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Wednesday, August 7th. EQT’s dividend payout ratio (DPR) is presently 45.65%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wolfe Research initiated coverage on shares of EQT in a research note on Thursday, July 18th. They set an “outperform” rating and a $51.00 target price for the company. Piper Sandler downgraded EQT from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $43.00 to $32.00 in a research note on Thursday, August 15th. JPMorgan Chase & Co. cut their price target on EQT from $42.00 to $37.00 and set an “overweight” rating for the company in a research note on Thursday, September 12th. Truist Financial lowered their price target on EQT from $36.00 to $32.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Finally, StockNews.com raised shares of EQT to a “sell” rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, EQT has an average rating of “Hold” and a consensus target price of $43.28.

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.