EQT Co. (NYSE:EQT) Shares Sold by Dimensional Fund Advisors LP

Posted by on May 23rd, 2023

Dimensional Fund Advisors LP trimmed its stake in shares of EQT Co. (NYSE:EQT – Get Rating) by 37.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,699,757 shares of the oil and gas producer’s stock after selling 1,646,659 shares during the period. Dimensional Fund Advisors LP owned about 0.74% of EQT worth $91,331,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of EQT. Larson Financial Group LLC acquired a new stake in shares of EQT during the 3rd quarter valued at approximately $28,000. Exos TFP Holdings LLC acquired a new stake in shares of EQT during the 3rd quarter valued at approximately $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of EQT during the 4th quarter valued at approximately $33,000. Clearstead Advisors LLC acquired a new stake in shares of EQT during the 3rd quarter valued at approximately $41,000. Finally, Huntington National Bank lifted its position in shares of EQT by 569.5% during the 4th quarter. Huntington National Bank now owns 1,339 shares of the oil and gas producer’s stock valued at $45,000 after acquiring an additional 1,139 shares during the period. 97.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EQT. TD Securities reduced their price target on shares of EQT from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, February 17th. Stephens started coverage on EQT in a research report on Monday, April 24th. They set an “equal weight” rating and a $36.00 price objective for the company. Royal Bank of Canada restated an “outperform” rating and set a $50.00 price objective on shares of EQT in a research report on Tuesday, March 7th. Morgan Stanley cut their price objective on EQT from $42.00 to $37.00 and set an “overweight” rating for the company in a research report on Monday, March 27th. Finally, Mizuho lifted their price objective on EQT from $48.00 to $52.00 in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $49.59.

EQT Trading Up 0.2 %

EQT stock opened at $36.31 on Tuesday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.42. The company has a market cap of $13.13 billion, a price-to-earnings ratio of 3.22, a PEG ratio of 0.66 and a beta of 1.17. The business has a fifty day simple moving average of $32.39 and a 200-day simple moving average of $34.47. EQT Co. has a 52 week low of $28.10 and a 52 week high of $51.97.

EQT (NYSE:EQT – Get Rating) last posted its quarterly earnings results on Wednesday, April 26th. The oil and gas producer reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.38. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.77 billion. EQT had a return on equity of 15.17% and a net margin of 41.96%. The firm’s quarterly revenue was down 26.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.81 earnings per share. On average, equities research analysts expect that EQT Co. will post 2.73 EPS for the current year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Wednesday, May 10th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Tuesday, May 9th. EQT’s dividend payout ratio (DPR) is presently 5.33%.

About EQT

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EQT Corp. is a natural gas production company, which engages in the supply, transmission, and distribution of natural gas. The company was founded in 1888 and is headquartered in Pittsburgh, PA.

See Also

Institutional Ownership by Quarter for EQT (NYSE:EQT)

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