EQT Co. (NYSE:EQT) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. boosted its stake in EQT Co. (NYSE:EQT) by 168.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,684 shares of the oil and gas producer’s stock after buying an additional 1,686 shares during the quarter. Blue Trust Inc.’s holdings in EQT were worth $99,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Innealta Capital LLC purchased a new stake in EQT during the 2nd quarter valued at about $28,000. Hexagon Capital Partners LLC grew its position in shares of 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 valued at $33,000 after purchasing an additional 904 shares in the last quarter. Wolff Wiese Magana LLC increased its holdings in shares of 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 purchasing an additional 908 shares during the last quarter. Rise Advisors LLC lifted its position in EQT by 224.8% during the third quarter. Rise Advisors LLC now owns 1,036 shares of the oil and gas producer’s stock worth $38,000 after buying an additional 717 shares in the last quarter. Finally, Quent Capital LLC boosted its stake in EQT by 174.1% during the third quarter. Quent Capital LLC now owns 1,239 shares of the oil and gas producer’s stock worth $45,000 after buying an additional 787 shares during the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

EQT Stock Performance

NYSE EQT opened at $37.31 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market cap of $16.48 billion, a price-to-earnings ratio of 27.04 and a beta of 1.06. The firm has a 50 day simple moving average of $35.02 and a 200-day simple moving average of $36.59. EQT Co. has a one year low of $30.02 and a one year high of $45.23.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be given a $0.1575 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 annualized dividend and a yield of 1.69%. EQT’s dividend payout ratio is presently 45.65%.

Analyst Upgrades and Downgrades

EQT has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised their target price on EQT from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, September 26th. Mizuho cut their price objective on shares of EQT from $43.00 to $41.00 and set a “neutral” rating for the company in a research report on Friday, October 4th. Bank of America began coverage on shares of EQT in a report on Monday. They issued a “buy” rating and a $50.00 target price on the stock. Truist Financial cut their price target on shares of EQT from $36.00 to $32.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Finally, Wells Fargo & Company raised shares of EQT from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $40.00 to $42.00 in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $42.61.

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.