EQT Co. (NYSE:EQT) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors reduced its stake in EQT Co. (NYSE:EQT) by 12.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,020 shares of the oil and gas producer’s stock after selling 1,333 shares during the period. Captrust Financial Advisors’ holdings in EQT were worth $330,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC grew its holdings in EQT by 2.5% during the 3rd quarter. FMR LLC now owns 1,133,197 shares of the oil and gas producer’s stock worth $41,520,000 after acquiring an additional 28,129 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of EQT by 28.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,013,058 shares of the oil and gas producer’s stock worth $183,678,000 after purchasing an additional 1,108,134 shares in the last quarter. Swiss National Bank increased its holdings in EQT by 35.3% in the third quarter. Swiss National Bank now owns 1,677,261 shares of the oil and gas producer’s stock valued at $61,455,000 after buying an additional 437,602 shares during the last quarter. Castle Hook Partners LP acquired a new stake in EQT in the third quarter valued at $48,817,000. Finally, Thrivent Financial for Lutherans lifted its holdings in EQT by 71.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 30,540 shares of the oil and gas producer’s stock worth $1,119,000 after buying an additional 12,723 shares during the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EQT has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $49.00 price objective on shares of EQT in a report on Tuesday, December 3rd. Piper Sandler boosted 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. Morgan Stanley lifted their price target on shares of EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Bank of America started coverage on shares of EQT in a research report on Monday, October 28th. They issued a “buy” rating and a $50.00 price target for the company. Finally, Truist Financial raised their price objective on EQT from $32.00 to $41.00 and gave the stock a “hold” rating in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $46.11.

EQT Stock Performance

NYSE:EQT opened at $45.59 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a market cap of $27.20 billion, a price-to-earnings ratio of 54.27 and a beta of 1.14. The firm’s fifty day moving average price is $41.00 and its 200 day moving average price is $37.44. EQT Co. has a 1-year low of $30.02 and a 1-year high of $48.02.

EQT (NYSE:EQT) last issued its earnings results 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. 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 the consensus estimate of $1.35 billion. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, sell-side analysts expect that EQT Co. will post 1.37 EPS for the current year.

EQT Announces Dividend

The firm also recently announced 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. This represents a $0.63 annualized dividend and a yield of 1.38%. The ex-dividend date was Wednesday, November 6th. EQT’s payout ratio is 75.00%.

Insider Transactions at EQT

In related news, Director Thomas F. Karam sold 30,154 shares of the business’s stock in a transaction dated 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 sale, the director now owns 201,608 shares of the company’s stock, valued at approximately $9,038,086.64. The trade was a 13.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.63% of the company’s stock.

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.