EQT Co. (NYSE:EQT) Shares Bought by Moors & Cabot Inc.

Moors & Cabot Inc. boosted its holdings in shares of EQT Co. (NYSE:EQT) by 3.6% in the 4th quarter, Holdings Channel reports. The firm owned 15,295 shares of the oil and gas producer’s stock after buying an additional 529 shares during the period. Moors & Cabot Inc.’s holdings in EQT were worth $705,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its stake in shares of EQT by 38.7% during the 3rd quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer’s stock worth $2,716,968,000 after acquiring an additional 20,700,921 shares in the last quarter. State Street Corp lifted its holdings 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 valued at $1,359,183,000 after purchasing an additional 7,290,822 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of EQT by 34.4% in the 3rd 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 period. Charles Schwab Investment Management Inc. increased its stake in EQT by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,093,857 shares of the oil and gas producer’s stock worth $234,878,000 after purchasing an additional 80,799 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in EQT by 386.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,347,660 shares of the oil and gas producer’s stock worth $205,830,000 after buying an additional 3,454,741 shares during the period. 90.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EQT has been the subject of several recent analyst reports. UBS Group raised their target price on shares of EQT from $54.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Morgan Stanley raised their price objective on shares of EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. The Goldman Sachs Group reissued a “reduce” rating on shares of EQT in a research note on Wednesday, February 12th. Jefferies Financial Group raised their target price on EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Finally, Scotiabank lowered EQT from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the company from $55.00 to $54.00 in a research report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $52.56.

EQT Stock Performance

EQT stock opened at $50.71 on Friday. The firm has a 50 day moving average of $50.82 and a two-hundred day moving average of $43.44. EQT Co. has a 12 month low of $30.02 and a 12 month high of $56.66. The company has a market capitalization of $30.30 billion, a price-to-earnings ratio of 126.79, a P/E/G ratio of 0.64 and a beta of 1.12. 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, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.19. EQT had a net margin of 4.37% and a return on equity of 4.35%. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.81 billion. As a group, equities analysts anticipate that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Tuesday, February 18th. EQT’s payout ratio is 157.50%.

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.