Neuberger Berman Group LLC Has $217.04 Million Position in EQT Co. (NYSE:EQT)

Neuberger Berman Group LLC raised its position in shares of EQT Co. (NYSE:EQT) by 12.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,707,109 shares of the oil and gas producer’s stock after acquiring an additional 525,533 shares during the period. Neuberger Berman Group LLC’s holdings in EQT were worth $217,044,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of EQT. Phoenix Financial Ltd. bought a new stake in shares of EQT in the fourth quarter valued at about $2,726,000. Bessemer Group Inc. boosted its position in shares of EQT by 10.9% during the fourth quarter. Bessemer Group Inc. now owns 19,028 shares of the oil and gas producer’s stock worth $877,000 after purchasing an additional 1,874 shares in the last quarter. CenterBook Partners LP bought a new stake in EQT in the 4th quarter valued at $2,197,000. DRW Securities LLC increased its stake in EQT by 26.1% in the 4th quarter. DRW Securities LLC now owns 50,683 shares of the oil and gas producer’s stock valued at $2,337,000 after buying an additional 10,500 shares during the last quarter. Finally, APG Asset Management N.V. increased its stake in shares of EQT by 11.6% during the 4th quarter. APG Asset Management N.V. now owns 73,836 shares of the oil and gas producer’s stock worth $3,288,000 after purchasing an additional 7,672 shares during the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

EQT Trading Up 5.4 %

NYSE:EQT opened at $50.07 on Thursday. The firm’s 50 day moving average is $51.06 and its 200 day moving average is $45.99. The stock has a market capitalization of $29.92 billion, a PE ratio of 125.19, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. EQT Co. has a 12 month low of $30.02 and a 12 month high of $56.66.

EQT (NYSE:EQT) last posted its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.19. EQT had a net margin of 4.37% and a return on equity of 4.35%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. Sell-side analysts expect that EQT Co. will post 3.27 earnings per share for the current year.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT’s dividend payout ratio is presently 157.50%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EQT. TD Cowen upgraded shares of EQT from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Tuesday. Piper Sandler lifted their target price on shares of EQT from $35.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, March 6th. StockNews.com cut shares of EQT from a “hold” rating to a “sell” rating in a research report on Monday. Mizuho increased their price objective on shares of EQT from $57.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, April 1st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of EQT from $58.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, March 13th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, EQT presently has a consensus rating of “Moderate Buy” and an average price target of $55.72.

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.