Hudock Inc. Sells 992 Shares of EQT Co. (NYSE:EQT)

Hudock Inc. reduced its stake in EQT Co. (NYSE:EQT) by 15.4% during the third quarter, according to its most recent filing with the SEC. The fund owned 5,461 shares of the oil and gas producer’s stock after selling 992 shares during the quarter. Hudock Inc.’s holdings in EQT were worth $200,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Moody Lynn & Lieberson LLC bought a new position in shares of EQT during the 3rd quarter valued at approximately $236,000. Assenagon Asset Management S.A. lifted its position in EQT by 818.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 441,056 shares of the oil and gas producer’s stock worth $16,160,000 after buying an additional 393,014 shares during the last quarter. IFM Investors Pty Ltd increased its holdings in shares of EQT by 24.0% in the third quarter. IFM Investors Pty Ltd now owns 96,862 shares of the oil and gas producer’s stock worth $3,549,000 after buying an additional 18,750 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new position in shares of EQT in the third quarter valued at about $229,000. Finally, Global Assets Advisory LLC bought a new position in EQT in the 3rd quarter worth $263,000. Institutional investors own 90.81% of the company’s stock.

EQT Stock Performance

NYSE EQT traded up $0.11 during trading hours on Friday, hitting $37.07. The company’s stock had a trading volume of 344,994 shares, compared to its average volume of 7,003,926. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market cap of $16.37 billion, a P/E ratio of 26.78 and a beta of 1.06. The company’s 50 day simple moving average is $34.66 and its two-hundred day simple moving average is $36.60. EQT Co. has a 12 month low of $30.02 and a 12 month high of $45.23.

EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, July 23rd. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.12. EQT had a return on equity of 4.52% and a net margin of 12.45%. The business had revenue of $952.51 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company posted ($0.17) EPS. The company’s revenue was down 6.5% compared to the same quarter last year. As a group, sell-side analysts expect that EQT Co. will post 1.37 EPS for the current fiscal year.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders 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 1.70%. The ex-dividend date of this dividend is Wednesday, November 6th. EQT’s payout ratio is presently 45.65%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EQT. Stephens cut their price objective on EQT from $47.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. UBS Group decreased their price objective on EQT from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Wednesday, September 18th. Morgan Stanley restated an “overweight” rating and set a $45.00 target price on shares of EQT in a report on Friday, September 13th. JPMorgan Chase & Co. lifted their price target on shares of EQT from $37.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, September 26th. Finally, Scotiabank upped their price objective on shares of EQT from $54.00 to $55.00 and gave the stock a “sector outperform” rating in a report on Friday, July 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $42.18.

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.