Mitsubishi UFJ Trust & Banking Corp Acquires 287,538 Shares of EQT Corporation $EQT

Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of EQT Corporation (NYSE:EQTFree Report) by 116.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 534,485 shares of the oil and gas producer’s stock after acquiring an additional 287,538 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in EQT were worth $29,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC bought a new position in EQT in the 2nd quarter worth $41,000. Anchor Investment Management LLC grew its holdings in EQT by 133.3% during the second quarter. Anchor Investment Management LLC now owns 875 shares of the oil and gas producer’s stock valued at $51,000 after purchasing an additional 500 shares during the period. Private Trust Co. NA increased its position in EQT by 38.1% in the second quarter. Private Trust Co. NA now owns 1,026 shares of the oil and gas producer’s stock worth $60,000 after buying an additional 283 shares in the last quarter. Quent Capital LLC bought a new position in shares of EQT during the 3rd quarter valued at approximately $94,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in EQT in the 2nd quarter worth approximately $110,000. Institutional investors own 90.81% of the company’s stock.

Insider Buying and Selling

In other EQT news, EVP J.E.B. Bolen sold 1,422 shares of the company’s stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $52.79, for a total transaction of $75,067.38. Following the completion of the sale, the executive vice president owned 69,486 shares in the company, valued at $3,668,165.94. This represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.65% of the stock is owned by company insiders.

Trending Headlines about EQT

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Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada increased their price objective on shares of EQT from $60.00 to $62.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 7th. Piper Sandler boosted their price objective on EQT from $49.00 to $50.00 and gave the company a “neutral” rating in a research report on Tuesday, November 18th. Citigroup lowered their target price on shares of EQT from $63.00 to $62.00 and set a “buy” rating on the stock in a report on Friday, December 19th. UBS Group restated a “buy” rating on shares of EQT in a report on Wednesday. Finally, BMO Capital Markets decreased their target price on shares of EQT from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Monday, January 12th. Nineteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, EQT has a consensus rating of “Moderate Buy” and a consensus price target of $63.59.

Get Our Latest Research Report on EQT

EQT Stock Up 1.5%

Shares of EQT stock opened at $55.56 on Monday. EQT Corporation has a 1 year low of $43.57 and a 1 year high of $62.23. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market cap of $34.67 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 0.45 and a beta of 0.68. The firm’s 50-day moving average is $55.32 and its two-hundred day moving average is $54.25.

About EQT

(Free Report)

EQT Corporation (NYSE: EQT) is a U.S.-based energy company focused on the exploration, development and production of natural gas. Headquartered in Pittsburgh, Pennsylvania, the company concentrates its upstream operations in the Appalachian Basin, producing from major shale formations including the Marcellus and Utica. EQT’s primary product is natural gas, with production activities supported by associated liquids and conventional gas assets where applicable.

In addition to drilling and well development, EQT operates and coordinates the infrastructure and commercial activities necessary to bring gas to market.

See Also

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Institutional Ownership by Quarter for EQT (NYSE:EQT)

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