Mitsubishi UFJ Trust & Banking Corp Increases Stock Position in EQT Corporation $EQT

Mitsubishi UFJ Trust & Banking Corp boosted its position in EQT Corporation (NYSE:EQTFree Report) by 116.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 534,485 shares of the oil and gas producer’s stock after acquiring an additional 287,538 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.09% of EQT worth $29,092,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC bought a new stake in shares of EQT in the second quarter worth about $41,000. Anchor Investment Management LLC increased its position in EQT by 133.3% during the 2nd quarter. Anchor Investment Management LLC now owns 875 shares of the oil and gas producer’s stock valued at $51,000 after purchasing an additional 500 shares during the period. Private Trust Co. NA lifted its position in shares of EQT by 38.1% in the 2nd quarter. Private Trust Co. NA now owns 1,026 shares of the oil and gas producer’s stock worth $60,000 after purchasing an additional 283 shares during the period. Quent Capital LLC purchased a new position in shares of EQT during the third quarter valued at about $94,000. Finally, Cullen Frost Bankers Inc. bought a new position in EQT in the second quarter worth about $110,000. 90.81% of the stock is owned by institutional investors.

More EQT News

Here are the key news stories impacting EQT this week:

EQT Trading Up 1.5%

Shares of NYSE EQT opened at $55.56 on Monday. The firm’s 50 day moving average price is $55.32 and its 200-day moving average price is $54.25. EQT Corporation has a 52-week low of $43.57 and a 52-week high of $62.23. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market cap of $34.67 billion, a PE ratio of 19.03, a P/E/G ratio of 0.45 and a beta of 0.68.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EQT. William Blair began coverage on EQT in a report on Tuesday, October 14th. They set an “outperform” rating on the stock. Sanford C. Bernstein boosted their target price on shares of EQT from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Monday, January 5th. Royal Bank Of Canada increased their price target on shares of EQT from $60.00 to $62.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 7th. Barclays dropped their price objective on shares of EQT from $67.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 21st. Finally, Piper Sandler lifted their target price on shares of EQT from $49.00 to $50.00 and gave the company a “neutral” rating in a report on Tuesday, November 18th. Nineteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, EQT currently has a consensus rating of “Moderate Buy” and an average price target of $63.59.

Get Our Latest Research Report on EQT

Insider Activity at EQT

In other news, EVP J.E.B. Bolen sold 1,422 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $52.79, for a total transaction of $75,067.38. Following the sale, the executive vice president owned 69,486 shares of the company’s stock, valued at $3,668,165.94. This trade represents a 2.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.65% of the company’s stock.

EQT Profile

(Free Report)

EQT Corporation (NYSE: EQT) is a U.S.-based energy company focused on the exploration, development and production of natural gas. Headquartered in Pittsburgh, Pennsylvania, the company concentrates its upstream operations in the Appalachian Basin, producing from major shale formations including the Marcellus and Utica. EQT’s primary product is natural gas, with production activities supported by associated liquids and conventional gas assets where applicable.

In addition to drilling and well development, EQT operates and coordinates the infrastructure and commercial activities necessary to bring gas to market.

See Also

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Institutional Ownership by Quarter for EQT (NYSE:EQT)

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