EQT Co. (NYSE:EQT) Shares Bought by Deutsche Bank AG

Deutsche Bank AG lifted its holdings in EQT Co. (NYSE:EQT) by 30.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,012,178 shares of the oil and gas producer’s stock after purchasing an additional 475,565 shares during the quarter. Deutsche Bank AG owned about 0.34% of EQT worth $92,782,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Invesco Ltd. grew its position in EQT by 46.3% during the 4th quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer’s stock worth $606,059,000 after purchasing an additional 4,162,065 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of EQT by 386.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,347,660 shares of the oil and gas producer’s stock valued at $205,830,000 after acquiring an additional 3,454,741 shares during the period. Slate Path Capital LP purchased a new position in EQT in the 4th quarter worth $123,575,000. Castle Hook Partners LP raised its stake in EQT by 199.5% in the 4th quarter. Castle Hook Partners LP now owns 3,990,714 shares of the oil and gas producer’s stock worth $184,012,000 after acquiring an additional 2,658,375 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in EQT during the 4th quarter worth about $113,924,000. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

EQT Price Performance

EQT stock opened at $55.28 on Monday. EQT Co. has a 1 year low of $30.02 and a 1 year high of $57.23. The firm has a market capitalization of $33.09 billion, a PE ratio of 138.20, a price-to-earnings-growth ratio of 0.64 and a beta of 0.59. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The business has a 50 day simple moving average of $50.81 and a 200-day simple moving average of $48.26.

EQT (NYSE:EQT) last announced its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.20. The firm had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.16 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 fiscal year.

EQT Announces Dividend

The firm 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 dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Wednesday, May 7th. EQT’s dividend payout ratio is presently 110.53%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Truist Financial upped 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. Stephens lowered 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. TD Cowen upgraded EQT from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group restated a “reduce” rating on shares of EQT in a research note on Wednesday, February 12th. Finally, Morgan Stanley raised their target price on EQT from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $55.94.

About EQT

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.