Assenagon Asset Management S.A. Purchases 393,014 Shares of EQT Co. (NYSE:EQT)

Assenagon Asset Management S.A. increased its position in EQT Co. (NYSE:EQT) by 818.1% during the third quarter, Holdings Channel.com reports. The firm owned 441,056 shares of the oil and gas producer’s stock after buying an additional 393,014 shares during the quarter. Assenagon Asset Management S.A.’s holdings in EQT were worth $16,160,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of EQT by 22.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 64,877,405 shares of the oil and gas producer’s stock valued at $2,405,007,000 after buying an additional 11,993,729 shares in the last quarter. Vanguard Group Inc. raised its holdings 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 acquiring an additional 3,942,802 shares during the last quarter. Merewether Investment Management LP bought a new position in EQT in the 2nd quarter valued at about $69,452,000. Boston Partners boosted its stake in EQT by 33.7% during the 1st quarter. Boston Partners now owns 3,834,505 shares of the oil and gas producer’s stock valued at $142,178,000 after purchasing an additional 966,475 shares during the last quarter. Finally, Castle Hook Partners LP increased its holdings in EQT by 331.7% during the 1st quarter. Castle Hook Partners LP now owns 1,131,771 shares of the oil and gas producer’s stock worth $41,955,000 after purchasing an additional 869,601 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Stock Performance

Shares of EQT opened at $37.48 on Friday. EQT Co. has a 1 year low of $30.02 and a 1 year high of $45.23. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.73 and a quick ratio of 0.73. The stock’s fifty day moving average price is $34.87 and its two-hundred day moving average price is $36.61. The firm has a market cap of $16.55 billion, a PE ratio of 23.72 and a beta of 1.06.

EQT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be issued a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.68%. The ex-dividend date is Wednesday, November 6th. EQT’s dividend payout ratio (DPR) is presently 39.87%.

Wall Street Analysts Forecast Growth

EQT has been the topic of a number of recent research reports. BMO Capital Markets raised 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. JPMorgan Chase & Co. raised their price objective on EQT from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, September 26th. UBS Group reduced their target price on shares of EQT from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Wednesday, September 18th. Morgan Stanley reissued an “overweight” rating and set a $45.00 price target on shares of EQT in a research report on Friday, September 13th. Finally, Wells Fargo & Company upgraded shares of EQT from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $40.00 to $42.00 in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.18.

EQT Company 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.