Nissay Asset Management Corp Japan ADV Acquires 766 Shares of EQT Co. (NYSE:EQT)

Nissay Asset Management Corp Japan ADV grew its holdings in EQT Co. (NYSE:EQT) by 1.1% during the 4th quarter, Holdings Channel reports. The fund owned 68,113 shares of the oil and gas producer’s stock after buying an additional 766 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in EQT were worth $3,019,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Nuveen Asset Management LLC raised its position in EQT by 14.6% in the fourth quarter. Nuveen Asset Management LLC now owns 1,530,008 shares of the oil and gas producer’s stock worth $70,549,000 after acquiring an additional 194,438 shares during the period. OMERS ADMINISTRATION Corp raised its position in shares of EQT by 29.4% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 17,733 shares of the oil and gas producer’s stock valued at $818,000 after purchasing an additional 4,029 shares during the period. Merewether Investment Management LP raised its position in shares of EQT by 25.4% during the 4th quarter. Merewether Investment Management LP now owns 2,156,322 shares of the oil and gas producer’s stock valued at $99,428,000 after purchasing an additional 436,322 shares during the period. Moore Capital Management LP bought a new stake in shares of EQT during the 4th quarter valued at $3,549,000. Finally, Lighthouse Investment Partners LLC bought a new stake in shares of EQT during the 4th quarter valued at $4,828,000. 90.81% of the stock is currently owned by institutional investors.

EQT Stock Performance

Shares of NYSE:EQT opened at $55.83 on Friday. EQT Co. has a 52 week low of $30.02 and a 52 week high of $57.04. The stock has a market capitalization of $33.42 billion, a P/E ratio of 139.58, a PEG ratio of 0.64 and a beta of 0.59. The firm has a fifty day simple moving average of $51.59 and a two-hundred day simple moving average of $48.74. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37.

EQT (NYSE:EQT) last issued its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.20. EQT had a net margin of 4.37% and a return on equity of 4.35%. The business had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.16 billion. On average, analysts expect that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 7th will be paid a dividend of $0.1575 per share. The ex-dividend date is Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.13%. EQT’s dividend payout ratio is presently 110.53%.

Analysts Set New Price Targets

Several brokerages have recently commented on EQT. Piper Sandler raised their price objective on shares of EQT from $35.00 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday. Wells Fargo & Company raised their price objective on shares of EQT from $53.00 to $58.00 and gave the company an “overweight” rating in a research report on Wednesday, March 19th. StockNews.com downgraded shares of EQT from a “hold” rating to a “sell” rating in a report on Monday, April 7th. Morgan Stanley lifted their price target on shares of EQT from $62.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. Finally, Citigroup lifted their price target on shares of EQT from $51.00 to $60.00 and gave the company a “buy” rating in a report on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, EQT presently has an average rating of “Moderate Buy” and an average target price of $56.67.

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.