General Partner Inc. Invests $266,000 in EQT Co. (NYSE:EQT)

General Partner Inc. purchased a new position in EQT Co. (NYSE:EQT) during the fourth quarter, HoldingsChannel reports. The firm purchased 5,761 shares of the oil and gas producer’s stock, valued at approximately $266,000.

Other institutional investors also recently added to or reduced their stakes in the company. HM Payson & Co. bought a new position in EQT in the 3rd quarter worth about $25,000. Truvestments Capital LLC purchased a new stake in shares of EQT in the third quarter valued at approximately $30,000. Hexagon Capital Partners LLC grew its stake 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 purchasing an additional 904 shares in the last quarter. Quarry LP increased its holdings in EQT by 184.7% during the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 578 shares during the period. 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.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. UBS Group raised their price target on EQT from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Royal Bank of Canada reissued a “sector perform” rating and set a $49.00 target price on shares of EQT in a research report on Tuesday, December 3rd. Sanford C. Bernstein assumed coverage on shares of EQT in a research report on Friday, December 6th. They issued a “market perform” rating and a $50.00 price target for the company. Truist Financial increased their price objective on shares of EQT from $32.00 to $41.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of EQT from $50.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.39.

Insider Buying and Selling at EQT

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the completion of the transaction, the director now directly owns 201,608 shares of the company’s stock, valued at approximately $9,038,086.64. This trade represents a 13.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.63% of the company’s stock.

EQT Stock Up 0.4 %

Shares of EQT traded up $0.19 during mid-day trading on Friday, hitting $47.54. 1,593,696 shares of the company traded hands, compared to its average volume of 5,764,317. The business has a 50 day moving average of $43.22 and a 200 day moving average of $37.84. The company has a market capitalization of $28.37 billion, a PE ratio of 56.60 and a beta of 1.14. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. EQT Co. has a 1-year low of $30.02 and a 1-year high of $48.33.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. EQT had a net margin of 5.52% and a return on equity of 3.74%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the business posted $0.30 EPS. EQT’s revenue for the quarter was up 8.2% compared to the same quarter last year. Equities research analysts anticipate that EQT Co. will post 1.37 EPS for the current year.

EQT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th were given a dividend of $0.1575 per share. The ex-dividend date was Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a yield of 1.33%. EQT’s dividend payout ratio is currently 75.00%.

About EQT

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.