Mirae Asset Global Investments Co. Ltd. Increases Holdings in EQT Co. (NYSE:EQT)

Mirae Asset Global Investments Co. Ltd. has increased its stake in EQT Co. (NYSE:EQT) by 44.2% during the fourth quarter, as reported in its latest Form 13F filing with the Securities and Exchange Commission (SEC). This institutional investor now holds 53,555 shares of EQT after acquiring an additional 16,416 shares during this period. The total value of Mirae Asset's holdings in EQT is approximately $2,379,000 according to their most recent SEC submission.

Alongside Mirae Asset, several other major investors have also adjusted their positions in EQT recently. MassMutual Private Wealth & Trust FSB raised its holdings by 15.9% during the fourth quarter, now owning 1,719 shares valued at $79,000 following an additional purchase of 236 shares. Radnor Capital Management LLC increased its stake by 0.4%, now owning 60,948 shares worth $2,810,000 after acquiring 237 more shares. Waldron Private Wealth LLC expanded its position in EQT by 0.7%, resulting in ownership of 37,323 shares valued at $1,721,000 after purchasing an additional 251 shares. Greenleaf Trust also increased its holdings by 1.8%, now holding 19,477 shares valued at $898,000 after an additional acquisition of 349 shares. Finally, Resonant Capital Advisors LLC added to its stake by 1.3%, owning 29,968 shares worth $1,382,000 after buying 394 shares. Institutional investors collectively own a significant 90.81% of EQT's stock.

Wall Street Analysts Provide Insights

Several brokerage firms have issued reports reflecting varying outlooks on EQT. UBS Group raised its price target from $40.00 to $42.00 and assigned it a "neutral" rating on November 4th. Jefferies Financial Group upgraded its price target significantly from $45.00 to $55.00 while giving EQT a "buy" rating on January 3rd. Bank of America initiated coverage with a "buy" rating and set a target price of $50.00 on October 28th. Additionally, Royal Bank of Canada maintained a "sector perform" rating with a price target of $49.00 on January 6th. However, StockNews.com changed its assessment, raising the stock to a "sell" rating. Presently, one analyst has issued a sell rating, while seven recommend holding the stock, and eleven have a buy rating on EQT. According to MarketBeat.com, EQT has an overall consensus rating of "Moderate Buy" with an average target price of $49.94.

EQT Stock Performance

EQT opened at $51.11 on the latest trading session, showing a decrease of 0.6%. The company has experienced a 12-month low of $30.02 and a high of $54.85. It has a 50-day moving average of $47.96 and a 200-day moving average of $40.42. EQT Corporation presently boasts a market capitalization of $30.50 billion, with a price-to-earnings ratio of 60.84 and a PEG ratio of 0.62, alongside a beta of 1.08. Its current and quick ratios stand at 0.51, and the debt-to-equity ratio is at 0.65.

EQT Announces Quarterly Dividend

In recent company news, EQT has declared a quarterly dividend that will be distributed on March 3rd. Shareholders who are on record as of February 18th will receive a dividend payment of $0.1575 per share. This amounts to an annualized dividend of $0.63, presenting a dividend yield of 1.23%. The ex-dividend date is also set for February 18th, and EQT maintains a payout ratio of 75.00%.

Insider Transactions

In insider activities, Director Thomas F. Karam sold 30,154 shares of EQT on December 3rd at an average price of $44.83. This sale totaled approximately $1,351,803.82. After this transaction, Karam holds 201,608 shares valued at about $9,038,086.64, representing a 13.01% decrease in his position. The details of this sale have been publicly disclosed through an SEC filing, which is accessible for those interested.

About EQT Corporation

EQT Corporation is a leading natural gas production company based in the United States. The firm markets natural gas and natural gas liquids to utilities, marketers, and industrial clients through an extensive pipeline network located predominantly in the Appalachian Basin. EQT also provides marketing services as well as managing contractual pipeline capacities.

Mirae, Investments, EQT