Cerity Partners LLC Has $1.35 Million Stock Position in EQT Co. (NYSE:EQT)

Cerity Partners LLC lifted its position in shares of EQT Co. (NYSE:EQT) by 51.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,754 shares of the oil and gas producer’s stock after buying an additional 12,480 shares during the quarter. Cerity Partners LLC’s holdings in EQT were worth $1,347,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. HM Payson & Co. acquired a new position in shares of EQT during the 3rd quarter valued at $25,000. Innealta Capital LLC acquired a new stake in shares of EQT in the 2nd quarter valued at about $28,000. Hexagon Capital Partners LLC lifted its holdings in shares of EQT by 18,080.0% in the 3rd 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. Wolff Wiese Magana LLC grew its position in EQT by 936.1% in the 2nd quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 908 shares during the period. Finally, Blue Trust Inc. increased its stake in EQT by 149.5% during the 2nd 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 in the last quarter. Institutional investors own 90.81% of the company’s stock.

EQT Trading Up 0.6 %

Shares of EQT stock opened at $44.81 on Wednesday. The company has a market capitalization of $26.74 billion, a PE ratio of 53.35 and a beta of 1.14. EQT Co. has a 52-week low of $30.02 and a 52-week high of $48.02. The business’s fifty day moving average is $39.71 and its 200 day moving average is $37.21. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51.

EQT (NYSE:EQT) last posted its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.06. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations 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 quarter last year, the company posted $0.30 EPS. On average, equities research analysts anticipate that EQT Co. will post 1.36 EPS for the current fiscal year.

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th were issued a $0.1575 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $0.63 annualized dividend and a dividend yield of 1.41%. EQT’s dividend payout ratio is currently 75.00%.

Wall Street Analysts Forecast Growth

EQT has been the topic of a number of recent research reports. BMO Capital Markets raised their price objective on shares of EQT from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Bank of America began coverage on shares of EQT in a research report on Monday, October 28th. They set a “buy” rating and a $50.00 price target on the stock. Piper Sandler upped their price objective on shares of EQT from $32.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $49.00 target price on shares of EQT in a report on Tuesday. Finally, Mizuho lifted their price target on EQT from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, EQT has a consensus rating of “Hold” and an average target price of $44.83.

EQT Company 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.