Mitsubishi UFJ Asset Management Co. Ltd. Buys 67,730 Shares of EQT Co. (NYSE:EQT)

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in EQT Co. (NYSE:EQTFree Report) by 20.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 398,352 shares of the oil and gas producer’s stock after buying an additional 67,730 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.10% of EQT worth $15,428,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EQT. Fifth Third Bancorp grew its holdings in shares of EQT by 3.7% during the third quarter. Fifth Third Bancorp now owns 7,363 shares of the oil and gas producer’s stock valued at $299,000 after buying an additional 264 shares during the last quarter. Allworth Financial LP boosted its position in shares of EQT by 26.9% during the third quarter. Allworth Financial LP now owns 1,332 shares of the oil and gas producer’s stock valued at $54,000 after buying an additional 282 shares during the last quarter. New Mexico Educational Retirement Board grew its holdings in EQT by 5.6% during the third quarter. New Mexico Educational Retirement Board now owns 18,800 shares of the oil and gas producer’s stock worth $763,000 after buying an additional 1,000 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in EQT by 6.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 29,864 shares of the oil and gas producer’s stock worth $1,212,000 after acquiring an additional 1,758 shares during the last quarter. Finally, Mesirow Institutional Investment Management Inc. grew its stake in shares of EQT by 10.2% in the 3rd quarter. Mesirow Institutional Investment Management Inc. now owns 75,221 shares of the oil and gas producer’s stock worth $3,052,000 after acquiring an additional 6,961 shares in the last quarter. 90.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

EQT has been the topic of several recent analyst reports. Sanford C. Bernstein raised shares of EQT from an “underperform” rating to a “market perform” rating and lifted their target price for the stock from $27.00 to $34.00 in a research report on Wednesday, April 10th. Royal Bank of Canada restated an “outperform” rating and set a $46.00 price objective on shares of EQT in a report on Tuesday, March 5th. TD Cowen began coverage on shares of EQT in a research report on Friday, April 19th. They set a “hold” rating and a $43.00 target price for the company. Morgan Stanley increased their price objective on EQT from $37.00 to $49.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. Finally, Mizuho increased their price target on EQT from $43.00 to $45.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, EQT currently has a consensus rating of “Hold” and a consensus price target of $44.94.

View Our Latest Stock Report on EQT

EQT Trading Up 1.7 %

Shares of EQT opened at $41.18 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $18.18 billion, a P/E ratio of 29.84 and a beta of 1.09. EQT Co. has a 1 year low of $32.07 and a 1 year high of $45.23. The company has a 50 day simple moving average of $37.45 and a two-hundred day simple moving average of $37.70.

EQT (NYSE:EQTGet Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The oil and gas producer reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.17. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.58 billion. EQT had a return on equity of 4.57% and a net margin of 10.96%. The firm’s revenue for the quarter was down 28.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.70 earnings per share. On average, equities analysts expect that EQT Co. will post 1.03 earnings per share for the current fiscal year.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 8th will be issued a $0.1575 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $0.63 annualized dividend and a dividend yield of 1.53%. EQT’s dividend payout ratio is currently 45.65%.

EQT Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for EQT (NYSE:EQT)

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