V Square Quantitative Management LLC Has $296,000 Stock Holdings in EQT Co. (NYSE:EQT)

V Square Quantitative Management LLC lifted its stake in EQT Co. (NYSE:EQT) by 25.5% in the third quarter, HoldingsChannel reports. The firm owned 8,074 shares of the oil and gas producer’s stock after purchasing an additional 1,638 shares during the period. V Square Quantitative Management LLC’s holdings in EQT were worth $296,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of EQT. Price T Rowe Associates Inc. MD boosted its holdings in shares of EQT by 22.7% in 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 buying an additional 11,993,729 shares during the period. Vanguard Group Inc. grew its position in EQT by 8.4% during 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. Bank of New York Mellon Corp raised its stake in 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 valued at $752,487,000 after purchasing an additional 464,781 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of EQT by 2.9% in the second quarter. Clearbridge Investments LLC now owns 9,084,686 shares of the oil and gas producer’s stock valued at $335,952,000 after purchasing an additional 253,186 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of EQT by 19.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,224,784 shares of the oil and gas producer’s stock worth $156,243,000 after buying an additional 697,824 shares during the period. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EQT. Truist Financial dropped their price target on EQT from $36.00 to $32.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. StockNews.com raised shares of EQT to a “sell” rating in a research report on Friday, July 26th. Wolfe Research initiated coverage on shares of EQT in a research note on Thursday, July 18th. They issued an “outperform” rating and a $51.00 price objective on the stock. Citigroup raised shares of EQT from a “neutral” rating to a “buy” rating and lifted their target price for the company from $37.00 to $44.00 in a research note on Thursday, October 3rd. Finally, Wells Fargo & Company upgraded EQT from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $40.00 to $42.00 in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, EQT presently has an average rating of “Moderate Buy” and a consensus target price of $42.18.

EQT Stock Down 1.5 %

Shares of EQT stock opened at $36.49 on Monday. The stock’s 50 day simple moving average is $34.39 and its 200 day simple moving average is $36.61. EQT Co. has a twelve month low of $30.02 and a twelve month 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 company has a market capitalization of $16.11 billion, a price-to-earnings ratio of 26.44 and a beta of 1.06.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, July 23rd. The oil and gas producer reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.12. The company had revenue of $952.51 million for the quarter, compared to analyst estimates of $1.06 billion. EQT had a net margin of 12.45% and a return on equity of 4.52%. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.17) earnings per share. As a group, research analysts predict that EQT Co. will post 1.37 EPS for the current year.

EQT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Wednesday, November 6th. EQT’s dividend payout ratio is 45.65%.

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.