Mirae Asset Global Investments Co. Ltd. Boosts Holdings in EQT Co.

Mirae Asset Global Investments Co. Ltd. has significantly increased its investment in EQT Co. (NYSE:EQT - Free Report), raising its stake by 44.2% in the fourth quarter. This information comes from the company's latest Form 13F filing with the Securities and Exchange Commission. Following the addition of 16,416 shares during this period, Mirae Asset now possesses a total of 53,555 shares in the oil and gas producer. As of the most recent filing, the value of Mirae Asset's holdings in EQT stands at approximately $2,379,000.

Increased Stakes from Other Investors

In addition to Mirae Asset, several other large institutional investors have adjusted their stakes in EQT recently. MassMutual Private Wealth & Trust FSB increased its holdings by 15.9% in the fourth quarter, now owning 1,719 shares valued at $79,000 after purchasing 236 additional shares. Radnor Capital Management LLC raised its stake by 0.4%, bringing its total to 60,948 shares worth $2,810,000 after acquiring 237 shares. Similarly, Waldron Private Wealth LLC reported an increase of 0.7%, now holding 37,323 shares valued at $1,721,000. Greenleaf Trust also expanded its stake in EQT by 1.8%, now owning 19,477 shares valued at $898,000. Lastly, Resonant Capital Advisors LLC boosted its investment by 1.3%, with a total of 29,968 shares worth $1,382,000. Overall, institutional investors own about 90.81% of EQT's stock.

Wall Street Analysts Provide Insights

Numerous brokerages have recently provided reports on EQT. UBS Group has raised its price target from $40.00 to $42.00, giving EQT a "neutral" rating in a research note. Meanwhile, Jefferies Financial Group increased its price objective from $45.00 to $55.00, advising a "buy" rating. Bank of America has also assumed coverage on EQT, assigning a "buy" rating and a $50.00 target price. Royal Bank of Canada reaffirmed a "sector perform" rating with a target price of $49.00. According to StockNews.com, EQT was recently rated as a "sell" by one analyst. In the overall consensus, the stock holds a "Moderate Buy" rating with an average target price of $49.94.

EQT's Current Market Performance

As of Monday, EQT opened at $51.11. The stock has seen a 12-month low of $30.02 and a high of $54.85, with a fifty-day moving average price of $47.96 and a 200-day moving average price of $40.42. EQT has a market capitalization of $30.50 billion and shows a price-to-earnings ratio of 60.84. The company has a current ratio and quick ratio of 0.51, and a debt-to-equity ratio of 0.65.

Dividend Announcement

Recently, EQT announced its quarterly dividend, which will be distributed on March 3rd. Shareholders as of February 18th will receive a dividend of $0.1575 per share, translating to an annualized dividend of $0.63 and a yield of 1.23%. The ex-dividend date is also February 18th, with EQT having a payout ratio of 75.00%.

Insider Trading Activity

In other updates regarding insider activity, Director Thomas F. Karam sold 30,154 shares on December 3rd at an average price of $44.83, resulting in a total transaction value of approximately $1,351,803.82. Following this transaction, Karam now holds 201,608 shares, valued at about $9,038,086.64, marking a 13.01% decrease in their stake. This sale has been documented in filings with the SEC. Company insiders collectively own 0.63% of EQT's stock.

EQT Company Overview

EQT Corporation operates mainly as a natural gas production firm in the United States. It provides natural gas and natural gas liquids to marketers, utilities, and industrial customers through its pipeline network in the Appalachian Basin. Additionally, EQT offers marketing and contractual pipeline capacity management services.

Mirae, EQT, Investment