Charles Schwab Investment Management Inc. Acquires 1,108,134 Shares of EQT Co. (NYSE:EQT)

Charles Schwab Investment Management Inc. lifted its holdings in EQT Co. (NYSE:EQT) by 28.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,013,058 shares of the oil and gas producer’s stock after acquiring an additional 1,108,134 shares during the period. Charles Schwab Investment Management Inc.’s holdings in EQT were worth $183,678,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. EntryPoint Capital LLC bought a new stake in shares of EQT in the 1st quarter valued at approximately $54,000. Advisors Asset Management Inc. raised its holdings in EQT by 14.1% during the 1st quarter. Advisors Asset Management Inc. now owns 36,165 shares of the oil and gas producer’s stock valued at $1,341,000 after buying an additional 4,483 shares during the period. Toronto Dominion Bank boosted its stake in EQT by 83.8% during the first quarter. Toronto Dominion Bank now owns 228,281 shares of the oil and gas producer’s stock worth $8,462,000 after buying an additional 104,050 shares during the period. Quadrature Capital Ltd bought a new position in EQT during the first quarter valued at $796,000. Finally, Paloma Partners Management Co purchased a new stake in shares of EQT in the first quarter valued at $317,000. Institutional investors own 90.81% of the company’s stock.

EQT Stock Performance

Shares of NYSE:EQT opened at $45.92 on Friday. The firm has a 50 day moving average of $38.20 and a 200 day moving average of $36.98. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $27.40 billion, a price-to-earnings ratio of 54.67 and a beta of 1.06. EQT Co. has a 52 week low of $30.02 and a 52 week high of $48.02.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, topping the consensus estimate of $0.06 by $0.06. EQT had a return on equity of 3.74% and a net margin of 5.52%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the company posted $0.30 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, sell-side analysts predict that EQT Co. will post 1.35 earnings per share for the current fiscal year.

EQT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th will be issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Wednesday, November 6th. EQT’s dividend payout ratio is currently 75.00%.

Analysts Set New Price Targets

A number of research firms recently commented on EQT. Wells Fargo & Company raised shares of EQT from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $40.00 to $42.00 in a research note on Wednesday, August 14th. Mizuho boosted their target price on EQT from $41.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Bank of America initiated coverage on EQT in a report on Monday, October 28th. They issued a “buy” rating and a $50.00 price target on the stock. BMO Capital Markets upped their price objective on EQT from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. Finally, UBS Group increased their target price on EQT from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $42.83.

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.