EQT Co. (NYSE:EQT) Shares Bought by Pathstone Holdings LLC

Pathstone Holdings LLC lifted its position in shares of EQT Co. (NYSE:EQT) by 33.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,051 shares of the oil and gas producer’s stock after acquiring an additional 19,013 shares during the period. Pathstone Holdings LLC’s holdings in EQT were worth $2,750,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. HM Payson & Co. acquired a new stake in shares of EQT during the third quarter worth $25,000. Innealta Capital LLC acquired a new stake in EQT during the second quarter worth about $28,000. Hexagon Capital Partners LLC lifted its holdings in EQT by 18,080.0% in the third quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 904 shares during the last quarter. Wolff Wiese Magana LLC boosted its stake in EQT by 936.1% in the second quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer’s stock valued at $37,000 after acquiring an additional 908 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of EQT by 149.5% during the second quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 598 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Stephens boosted their price objective on EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. BMO Capital Markets upped their price target on shares of EQT from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Piper Sandler lifted their price objective on shares of EQT from $32.00 to $34.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. UBS Group upped their target price on shares of EQT from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Finally, Bank of America initiated coverage on EQT in a report on Monday, October 28th. They set a “buy” rating and a $50.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $44.00.

EQT Price Performance

Shares of NYSE EQT opened at $45.95 on Tuesday. EQT Co. has a twelve month low of $30.02 and a twelve month high of $48.02. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average of $38.45 and a two-hundred day moving average of $37.00. The company has a market capitalization of $27.42 billion, a price-to-earnings ratio of 54.70 and a beta of 1.06.

EQT (NYSE:EQT) last released its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, beating the consensus estimate of $0.06 by $0.06. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 earnings per share. As a group, analysts expect that EQT Co. will post 1.35 earnings per share for the current fiscal year.

EQT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 6th will be issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Wednesday, November 6th. EQT’s payout ratio is 75.00%.

EQT 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.