EQT Co. (NYSE:EQT) Shares Bought by Metis Global Partners LLC

Metis Global Partners LLC grew its position in EQT Co. (NYSE:EQT) by 36.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,633 shares of the oil and gas producer’s stock after buying an additional 5,007 shares during the quarter. Metis Global Partners LLC’s holdings in EQT were worth $683,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its holdings in EQT by 22.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 64,877,405 shares of the oil and gas producer’s stock valued at $2,405,007,000 after acquiring an additional 11,993,729 shares in the last quarter. Vanguard Group Inc. grew its position in shares of EQT by 8.4% in the first quarter. Vanguard Group Inc. now owns 50,865,664 shares of the oil and gas producer’s stock valued at $1,885,590,000 after purchasing an additional 3,942,802 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of 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 worth $752,487,000 after purchasing an additional 464,781 shares in the last quarter. Modera Wealth Management LLC acquired a new position in shares of EQT during the 3rd quarter worth approximately $562,494,000. Finally, Clearbridge Investments LLC lifted its stake in EQT by 2.9% in the 2nd quarter. Clearbridge Investments LLC now owns 9,084,686 shares of the oil and gas producer’s stock valued at $335,952,000 after buying an additional 253,186 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on EQT shares. Citigroup raised EQT from a “neutral” rating to a “buy” rating and raised their price target for the stock from $37.00 to $44.00 in a research report on Thursday, October 3rd. UBS Group lifted their price objective on EQT from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Morgan Stanley restated an “overweight” rating and issued a $45.00 target price on shares of EQT in a report on Friday, September 13th. JPMorgan Chase & Co. lifted their price target on shares of EQT from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, September 26th. Finally, Wells Fargo & Company raised shares of EQT from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $40.00 to $42.00 in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.83.

EQT Stock Performance

NYSE:EQT opened at $42.71 on Monday. The firm’s fifty day simple moving average is $36.91 and its 200 day simple moving average is $36.79. 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 twelve month low of $30.02 and a twelve month high of $44.28. The firm has a market capitalization of $25.48 billion, a price-to-earnings ratio of 50.85 and a beta of 1.06.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.06. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 earnings per share. As a group, equities research analysts expect that EQT Co. will post 1.28 earnings per share for the current fiscal year.

EQT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th will be given a dividend of $0.1575 per share. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.48%. EQT’s payout ratio is currently 75.00%.

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.