Asahi Life Asset Management CO. LTD. Acquires Shares of 7,460 EQT Corporation (NYSE:EQT)

Asahi Life Asset Management CO. LTD. acquired a new stake in shares of EQT Corporation (NYSE:EQT) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 7,460 shares of the oil and gas producer’s stock, valued at approximately $399,000.

Other large investors have also bought and sold shares of the company. University of Texas Texas AM Investment Management Co. boosted its position in EQT by 47.7% during the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer’s stock valued at $44,000 after acquiring an additional 310 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of EQT by 26.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock worth $45,000 after purchasing an additional 205 shares in the last quarter. Mascagni Wealth Management Inc. bought a new stake in shares of EQT in the 4th quarter worth approximately $55,000. Colonial Trust Co SC boosted its position in shares of EQT by 255.5% in the 4th quarter. Colonial Trust Co SC now owns 1,422 shares of the oil and gas producer’s stock worth $66,000 after purchasing an additional 1,022 shares in the last quarter. Finally, Generali Investments Management Co LLC bought a new stake in shares of EQT in the 4th quarter worth approximately $69,000. 90.81% of the stock is owned by institutional investors.

EQT Price Performance

Shares of EQT opened at $55.33 on Monday. The firm has a market cap of $33.13 billion, a PE ratio of 97.07, a P/E/G ratio of 0.35 and a beta of 0.65. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.33. The firm has a fifty day simple moving average of $56.14 and a two-hundred day simple moving average of $52.50. EQT Corporation has a 1-year low of $30.02 and a 1-year high of $61.02.

EQT (NYSE:EQT) last announced its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.20. The business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.16 billion. EQT had a net margin of 6.59% and a return on equity of 5.52%. On average, equities analysts anticipate that EQT Corporation will post 3.27 EPS for the current year.

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th were paid a $0.1575 dividend. The ex-dividend date was Wednesday, May 7th. This represents a $0.63 annualized dividend and a dividend yield of 1.14%. EQT’s dividend payout ratio (DPR) is 110.53%.

Analysts Set New Price Targets

EQT has been the topic of a number of analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a $70.00 price target (up from $60.00) on shares of EQT in a research report on Tuesday, July 8th. Roth Capital initiated coverage on EQT in a research report on Tuesday, June 24th. They issued a “buy” rating and a $69.00 price target on the stock. Royal Bank Of Canada boosted their price target on EQT from $55.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 8th. Wells Fargo & Company boosted their price target on EQT from $59.00 to $63.00 and gave the stock an “overweight” rating in a research report on Monday, June 16th. Finally, Stephens dropped their price target on EQT from $59.00 to $57.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $60.15.

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.