EQT Co. (NYSE:EQT) Holdings Lifted by Neuberger Berman Group LLC

Neuberger Berman Group LLC lifted its position in EQT Co. (NYSE:EQT) by 12.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,707,109 shares of the oil and gas producer’s stock after acquiring an additional 525,533 shares during the quarter. Neuberger Berman Group LLC owned approximately 0.79% of EQT worth $217,044,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in EQT. Sanctuary Advisors LLC boosted its holdings in EQT by 104.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 63,507 shares of the oil and gas producer’s stock valued at $2,327,000 after purchasing an additional 32,484 shares during the period. Retirement Systems of Alabama lifted its position in shares of EQT by 36.7% in the third quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer’s stock worth $4,878,000 after purchasing an additional 35,733 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of EQT by 44.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,555 shares of the oil and gas producer’s stock valued at $2,379,000 after purchasing an additional 16,416 shares during the last quarter. D.A. Davidson & CO. boosted its position in shares of EQT by 13.4% in the fourth quarter. D.A. Davidson & CO. now owns 6,467 shares of the oil and gas producer’s stock valued at $298,000 after acquiring an additional 762 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in EQT by 15.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 41,508 shares of the oil and gas producer’s stock worth $1,914,000 after purchasing an additional 5,489 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on EQT shares. JPMorgan Chase & Co. raised their price objective on shares of EQT from $58.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, March 13th. The Goldman Sachs Group reiterated a “reduce” rating on shares of EQT in a research report on Wednesday, February 12th. Morgan Stanley reissued an “overweight” rating and set a $67.00 price objective (up previously from $63.00) on shares of EQT in a research note on Wednesday, March 26th. Jefferies Financial Group increased their price objective on EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Finally, Truist Financial raised their price target on EQT from $41.00 to $56.00 and gave the company a “hold” rating in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.72.

EQT Stock Performance

Shares of EQT stock opened at $50.07 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The stock’s 50-day moving average price is $51.06 and its 200 day moving average price is $45.99. EQT Co. has a 52-week low of $30.02 and a 52-week high of $56.66. The stock has a market capitalization of $29.92 billion, a PE ratio of 125.19, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.19. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. As a group, equities research analysts forecast that EQT Co. will post 3.27 EPS for the current year.

EQT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $0.1575 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a yield of 1.26%. EQT’s dividend payout ratio (DPR) is 157.50%.

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.