EQT Co. (NYSE:EQT) Shares Purchased by KBC Group NV

KBC Group NV raised its stake in EQT Co. (NYSE:EQT) by 112.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,637 shares of the oil and gas producer’s stock after acquiring an additional 22,064 shares during the quarter. KBC Group NV’s holdings in EQT were worth $1,526,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Davis Investment Partners LLC raised its stake in EQT by 1.0% in the 3rd quarter. Davis Investment Partners LLC now owns 30,908 shares of the oil and gas producer’s stock valued at $1,137,000 after purchasing an additional 317 shares during the last quarter. Hancock Whitney Corp lifted its stake in shares of EQT by 3.0% during the first quarter. Hancock Whitney Corp now owns 14,603 shares of the oil and gas producer’s stock valued at $541,000 after buying an additional 419 shares during the period. J.W. Cole Advisors Inc. boosted its position in EQT by 7.4% during the third quarter. J.W. Cole Advisors Inc. now owns 6,121 shares of the oil and gas producer’s stock worth $224,000 after acquiring an additional 421 shares during the last quarter. SeaBridge Investment Advisors LLC grew its stake in EQT by 1.4% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 30,792 shares of the oil and gas producer’s stock worth $1,139,000 after acquiring an additional 431 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its holdings in EQT by 40.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,498 shares of the oil and gas producer’s stock valued at $55,000 after acquiring an additional 434 shares during the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EQT. Morgan Stanley restated an “overweight” rating and set a $45.00 price objective on shares of EQT in a report on Friday, September 13th. Wells Fargo & Company upgraded EQT from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $40.00 to $42.00 in a report on Wednesday, August 14th. Bank of America started coverage on shares of EQT in a research note on Monday, October 28th. They set a “buy” rating and a $50.00 price objective for the company. UBS Group raised their target price on shares of EQT from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. upped their price target on shares of EQT from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, EQT presently has an average rating of “Moderate Buy” and an average target price of $42.83.

EQT Price Performance

EQT stock opened at $44.28 on Tuesday. The stock has a 50-day simple moving average of $36.91 and a 200-day simple moving average of $36.77. The firm has a market cap of $26.42 billion, a P/E ratio of 52.71 and a beta of 1.06. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51. EQT Co. has a 1 year low of $30.02 and a 1 year high of $44.62.

EQT (NYSE:EQT) last posted its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 earnings per share. On average, equities analysts predict that EQT Co. will post 1.28 earnings per share for the current fiscal year.

EQT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be given a $0.1575 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a yield of 1.42%. EQT’s payout ratio is currently 75.00%.

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.