Sumitomo Mitsui Trust Group Inc. Increases Stock Position in EQT Co. (NYSE:EQT)

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of EQT Co. (NYSE:EQT) by 30.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,220,556 shares of the oil and gas producer’s stock after purchasing an additional 282,423 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.28% of EQT worth $44,721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vantage Investment Partners LLC raised its position in shares of EQT by 17.7% during the 3rd quarter. Vantage Investment Partners LLC now owns 1,104,155 shares of the oil and gas producer’s stock valued at $40,456,000 after buying an additional 166,006 shares in the last quarter. Venturi Wealth Management LLC increased its stake in EQT by 870.3% in the third quarter. Venturi Wealth Management LLC now owns 1,892 shares of the oil and gas producer’s stock valued at $69,000 after acquiring an additional 1,697 shares during the last quarter. Chartwell Investment Partners LLC raised its position in EQT by 11.4% during the third quarter. Chartwell Investment Partners LLC now owns 78,000 shares of the oil and gas producer’s stock valued at $2,858,000 after purchasing an additional 8,000 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in EQT by 34.2% during the third quarter. State of New Jersey Common Pension Fund D now owns 208,897 shares of the oil and gas producer’s stock worth $7,654,000 after purchasing an additional 53,285 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in shares of EQT by 7.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 13,646 shares of the oil and gas producer’s stock worth $500,000 after purchasing an additional 926 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on EQT shares. Morgan Stanley restated an “overweight” rating and issued a $45.00 target price on shares of EQT in a research report on Friday, September 13th. Piper Sandler upped their price objective on shares of EQT from $32.00 to $34.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. StockNews.com upgraded shares of EQT to a “sell” rating in a research report on Friday, July 26th. Citigroup upgraded shares of EQT from a “neutral” rating to a “buy” rating and upped their price target for the company from $37.00 to $44.00 in a research report on Thursday, October 3rd. Finally, UBS Group raised their price objective on EQT from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $42.83.

EQT Trading Down 0.3 %

NYSE:EQT opened at $42.71 on Friday. The company has a 50-day moving average price of $36.70 and a 200-day moving average price of $36.80. The stock has a market cap of $25.48 billion, a price-to-earnings ratio of 50.69 and a beta of 1.06. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. EQT Co. has a 12 month low of $30.02 and a 12 month high of $44.28.

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

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be issued 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 1.48%. EQT’s dividend payout ratio (DPR) is 75.00%.

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.