Mesirow Institutional Investment Management Inc. Has $3.92 Million Stake in EQT Co. (NYSE:EQT)

Mesirow Institutional Investment Management Inc. raised its holdings in shares of EQT Co. (NYSE:EQT) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,060 shares of the oil and gas producer’s stock after purchasing an additional 2,003 shares during the quarter. Mesirow Institutional Investment Management Inc.’s holdings in EQT were worth $3,922,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. MetLife Investment Management LLC lifted its position in EQT by 2.2% in the 4th quarter. MetLife Investment Management LLC now owns 159,408 shares of the oil and gas producer’s stock valued at $7,350,000 after acquiring an additional 3,368 shares in the last quarter. Norinchukin Bank The boosted its position in shares of EQT by 13.8% during the fourth quarter. Norinchukin Bank The now owns 29,158 shares of the oil and gas producer’s stock valued at $1,344,000 after buying an additional 3,534 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in EQT by 69.5% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 38,230 shares of the oil and gas producer’s stock valued at $1,763,000 after buying an additional 15,669 shares during the last quarter. HITE Hedge Asset Management LLC lifted its stake in EQT by 686.8% during the 4th quarter. HITE Hedge Asset Management LLC now owns 1,194,927 shares of the oil and gas producer’s stock valued at $55,098,000 after acquiring an additional 1,043,050 shares in the last quarter. Finally, Capital International Investors grew its stake in shares of EQT by 21.3% in the 4th quarter. Capital International Investors now owns 13,855,244 shares of the oil and gas producer’s stock worth $638,867,000 after acquiring an additional 2,433,632 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on EQT. UBS Group cut their price target on shares of EQT from $55.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday. Scotiabank downgraded EQT from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the company from $55.00 to $54.00 in a research report on Friday, January 17th. Sanford C. Bernstein raised EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price objective on the stock in a research report on Wednesday, January 15th. Truist Financial raised their target price on EQT from $41.00 to $56.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Finally, Stephens cut their price target on shares of EQT from $59.00 to $57.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, EQT presently has an average rating of “Moderate Buy” and an average target price of $55.56.

EQT Price Performance

Shares of NYSE EQT opened at $51.01 on Friday. The stock has a fifty day moving average of $50.75 and a 200-day moving average of $46.68. The stock has a market cap of $30.47 billion, a PE ratio of 127.52, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $56.66.

EQT (NYSE:EQT) last announced its quarterly earnings results 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. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. Equities research analysts anticipate that EQT Co. will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th will be issued a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $0.63 annualized dividend and a dividend yield of 1.24%. EQT’s payout ratio is currently 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.