Mediolanum International Funds Ltd Buys 2,692 Shares of EQT Co. (NYSE:EQT)

Mediolanum International Funds Ltd grew its position in shares of EQT Co. (NYSE:EQT) by 68.4% during the third quarter, Holdings Channel.com reports. The fund owned 6,627 shares of the oil and gas producer’s stock after purchasing an additional 2,692 shares during the quarter. Mediolanum International Funds Ltd’s holdings in EQT were worth $242,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Cetera Investment Advisers purchased a new position in EQT during the first quarter worth about $2,274,000. UniSuper Management Pty Ltd increased its stake in EQT by 563.1% in the 1st quarter. UniSuper Management Pty Ltd now owns 29,102 shares of the oil and gas producer’s stock valued at $1,079,000 after buying an additional 24,713 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of EQT by 17.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 468,677 shares of the oil and gas producer’s stock worth $17,374,000 after buying an additional 70,325 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of EQT by 8.4% in the 1st quarter. Vanguard Group Inc. now owns 50,865,664 shares of the oil and gas producer’s stock worth $1,885,590,000 after buying an additional 3,942,802 shares during the last quarter. Finally, Swedbank AB bought a new position in shares of EQT in the first quarter valued at approximately $4,073,000. Institutional investors own 90.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Mizuho lowered their target price on EQT from $43.00 to $41.00 and set a “neutral” rating on the stock in a research note on Friday, October 4th. JPMorgan Chase & Co. raised their target price on EQT from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, September 26th. Truist Financial dropped their price target on EQT from $36.00 to $32.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Piper Sandler lowered EQT from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $43.00 to $32.00 in a report on Thursday, August 15th. Finally, Wolfe Research started coverage on shares of EQT in a research note on Thursday, July 18th. They issued an “outperform” rating and a $51.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $42.18.

EQT Price Performance

NYSE:EQT opened at $37.48 on Monday. EQT Co. has a 52-week low of $30.02 and a 52-week high of $45.23. The stock has a fifty day moving average of $34.87 and a 200 day moving average of $36.60. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market capitalization of $16.55 billion, a price-to-earnings ratio of 27.16 and a beta of 1.06.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be given a dividend of $0.1575 per share. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 annualized dividend and a yield of 1.68%. EQT’s payout ratio is presently 45.65%.

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.