EQT Co. (NYSE:EQT) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp cut its position in shares of EQT Co. (NYSE:EQT) by 6.7% during the 4th quarter, Holdings Channel reports. The firm owned 245,480 shares of the oil and gas producer’s stock after selling 17,587 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in EQT were worth $11,319,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP lifted its stake in EQT by 38.7% during the third quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer’s stock valued at $2,716,968,000 after purchasing an additional 20,700,921 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of EQT by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 72,530,286 shares of the oil and gas producer’s stock worth $3,344,371,000 after acquiring an additional 358,649 shares in the last quarter. State Street Corp raised its position in shares of EQT by 24.5% during the third quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer’s stock worth $1,359,183,000 after purchasing an additional 7,290,822 shares during the period. Geode Capital Management LLC lifted its holdings in shares of EQT by 34.4% during the third quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer’s stock valued at $511,159,000 after purchasing an additional 3,582,418 shares during the last quarter. Finally, Boston Partners boosted its position in shares of EQT by 7.2% in the 4th quarter. Boston Partners now owns 6,356,476 shares of the oil and gas producer’s stock valued at $293,213,000 after purchasing an additional 429,630 shares during the period. Institutional investors own 90.81% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on EQT shares. Citigroup boosted their price objective on EQT from $51.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, March 17th. Morgan Stanley restated an “overweight” rating and issued a $67.00 price target (up previously from $63.00) on shares of EQT in a research report on Wednesday. Scotiabank cut shares of EQT from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $55.00 to $54.00 in a research report on Friday, January 17th. Sanford C. Bernstein raised EQT from a “market perform” rating to an “outperform” rating and set a $73.00 target price for the company in a research report on Wednesday, January 15th. Finally, UBS Group upped their price target on EQT from $54.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. One research 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. According to MarketBeat, EQT has an average rating of “Moderate Buy” and a consensus price target of $55.11.

EQT Price Performance

NYSE EQT opened at $53.07 on Friday. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $56.66. The stock’s 50-day moving average is $51.38 and its two-hundred day moving average is $44.93. The firm has a market cap of $31.71 billion, a P/E ratio of 132.68, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51.

EQT (NYSE:EQT) last posted its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.19. EQT had a return on equity of 4.35% and a net margin of 4.37%. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. On average, analysts anticipate that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT’s dividend payout ratio is currently 157.50%.

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.