MetLife Investment Management LLC Purchases 38,318 Shares of EQT Co. (NYSE:EQT)

MetLife Investment Management LLC lifted its position in shares of EQT Co. (NYSE:EQT) by 32.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 156,040 shares of the oil and gas producer’s stock after acquiring an additional 38,318 shares during the quarter. MetLife Investment Management LLC’s holdings in EQT were worth $5,717,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. HM Payson & Co. bought a new position in EQT during the third quarter worth about $25,000. Innealta Capital LLC purchased a new stake in shares of EQT during the 2nd quarter valued at approximately $28,000. Truvestments Capital LLC bought a new position in EQT in the 3rd quarter worth approximately $30,000. Hexagon Capital Partners LLC grew its stake in EQT by 18,080.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 904 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in EQT during the 3rd quarter valued at $36,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Analyst Ratings Changes

EQT has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price target on EQT from $37.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, September 26th. Truist Financial lifted their target price on EQT from $32.00 to $41.00 and gave the company a “hold” rating in a report on Tuesday, November 26th. Mizuho increased their price target on shares of EQT from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Bank of America assumed coverage on shares of EQT in a research note on Monday, October 28th. They set a “buy” rating and a $50.00 price objective for the company. Finally, Citigroup upgraded shares of EQT from a “neutral” rating to a “buy” rating and increased their target price for the stock from $37.00 to $44.00 in a research note on Thursday, October 3rd. One 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 MarketBeat.com, EQT has a consensus rating of “Moderate Buy” and an average target price of $44.67.

EQT Trading Up 0.4 %

NYSE EQT opened at $45.44 on Friday. The stock’s 50-day simple moving average is $39.35 and its two-hundred day simple moving average is $37.18. EQT Co. has a twelve month low of $30.02 and a twelve month high of $48.02. 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 $27.11 billion, a price-to-earnings ratio of 54.10 and a beta of 1.06.

EQT (NYSE:EQT) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. EQT’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $0.30 EPS. Research analysts forecast that EQT Co. will post 1.36 EPS for the current fiscal year.

EQT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th will be paid a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.39%. EQT’s dividend payout ratio (DPR) is 75.00%.

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.