EQT Co. (NYSE:EQT) Shares Sold by Beck Capital Management LLC

Beck Capital Management LLC lessened its holdings in EQT Co. (NYSE:EQT) by 5.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 75,025 shares of the oil and gas producer’s stock after selling 4,254 shares during the quarter. Beck Capital Management LLC’s holdings in EQT were worth $2,749,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. HM Payson & Co. purchased a new position in EQT during the third quarter valued at approximately $25,000. Innealta Capital LLC acquired a new position in shares of EQT in the 2nd quarter valued at $28,000. Truvestments Capital LLC purchased a new stake in EQT during the third quarter worth $30,000. Hexagon Capital Partners LLC grew its position in EQT by 18,080.0% during the third quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 904 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new position in EQT in the third quarter valued at $36,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Trading Up 0.4 %

Shares of EQT stock opened at $45.44 on Monday. The company’s 50-day moving average price is $39.35 and its 200-day moving average price is $37.15. EQT Co. has a twelve month low of $30.02 and a twelve month high of $48.02. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. The stock has a market cap of $27.11 billion, a price-to-earnings ratio of 54.10 and a beta of 1.06.

EQT (NYSE:EQT) last announced its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, beating the consensus estimate of $0.06 by $0.06. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.30 EPS. As a group, equities analysts predict that EQT Co. will post 1.36 earnings per share for the current year.

EQT Dividend Announcement

The business 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 dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Wednesday, November 6th. EQT’s dividend payout ratio is presently 75.00%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EQT. JPMorgan Chase & Co. increased their target price on shares of EQT from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, September 26th. BMO Capital Markets raised their price objective on EQT from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Bank of America started coverage on EQT in a research report on Monday, October 28th. They issued a “buy” rating and a $50.00 price objective for the company. Stephens increased their target price on EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Truist Financial boosted their price target on shares of EQT from $32.00 to $41.00 and gave the stock a “hold” rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $44.67.

EQT 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.