EQT Co. (NYSE:EQT) Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board increased its position in shares of EQT Co. (NYSE:EQT) by 35.0% in the third quarter, HoldingsChannel.com reports. The firm owned 103,522 shares of the oil and gas producer’s stock after acquiring an additional 26,830 shares during the quarter. Public Sector Pension Investment Board’s holdings in EQT were worth $3,793,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Castle Hook Partners LP purchased a new position in shares of EQT in the 3rd quarter valued at about $48,817,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in EQT by 50.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 234,225 shares of the oil and gas producer’s stock valued at $8,582,000 after purchasing an additional 78,508 shares in the last quarter. MetLife Investment Management LLC increased its stake in EQT by 32.5% in the third quarter. MetLife Investment Management LLC now owns 156,040 shares of the oil and gas producer’s stock valued at $5,717,000 after purchasing an additional 38,318 shares during the last quarter. Glenmede Trust Co. NA raised its holdings in EQT by 211.1% during the third quarter. Glenmede Trust Co. NA now owns 25,862 shares of the oil and gas producer’s stock worth $948,000 after purchasing an additional 17,550 shares in the last quarter. Finally, Townsquare Capital LLC lifted its position in shares of EQT by 69.5% during the 3rd quarter. Townsquare Capital LLC now owns 13,640 shares of the oil and gas producer’s stock worth $500,000 after buying an additional 5,593 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

EQT Trading Down 2.0 %

Shares of EQT stock opened at $44.53 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. The firm has a market cap of $26.57 billion, a price-to-earnings ratio of 53.01 and a beta of 1.06. EQT Co. has a 52-week low of $30.02 and a 52-week high of $48.02. The company’s 50-day simple moving average is $39.53 and its 200-day simple moving average is $37.18.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. EQT had a return on equity of 3.74% and a net margin of 5.52%. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the business posted $0.30 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, equities research analysts anticipate that EQT Co. will post 1.36 earnings per share for the current year.

EQT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th were given a dividend of $0.1575 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.63 annualized dividend and a dividend yield of 1.41%. EQT’s payout ratio is currently 75.00%.

Wall Street Analysts Forecast Growth

EQT has been the topic of a number of recent analyst reports. Stephens increased their target price on shares of EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Wells Fargo & Company raised their price objective on EQT from $42.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. BMO Capital Markets boosted their target price on EQT from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Bank of America started coverage on EQT in a research report on Monday, October 28th. They set a “buy” rating and a $50.00 price target on the stock. Finally, Citigroup raised EQT from a “neutral” rating to a “buy” rating and increased their price objective for the company from $37.00 to $44.00 in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, EQT currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.67.

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.