Fidelis Capital Partners LLC Sells 375 Shares of EQT Co. (NYSE:EQT)

Fidelis Capital Partners LLC reduced its stake in shares of EQT Co. (NYSE:EQT) by 4.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,970 shares of the oil and gas producer’s stock after selling 375 shares during the quarter. Fidelis Capital Partners LLC’s holdings in EQT were worth $288,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its stake in shares of EQT by 22.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 64,877,405 shares of the oil and gas producer’s stock valued at $2,405,007,000 after purchasing an additional 11,993,729 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of EQT by 8.4% during the first quarter. Vanguard Group Inc. now owns 50,865,664 shares of the oil and gas producer’s stock valued at $1,885,590,000 after purchasing an additional 3,942,802 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of EQT by 2.3% during the second quarter. Bank of New York Mellon Corp now owns 20,348,475 shares of the oil and gas producer’s stock valued at $752,487,000 after purchasing an additional 464,781 shares during the last quarter. Modera Wealth Management LLC bought a new position in EQT in the third quarter valued at approximately $562,494,000. Finally, Clearbridge Investments LLC boosted its stake in EQT by 2.9% in the second quarter. Clearbridge Investments LLC now owns 9,084,686 shares of the oil and gas producer’s stock valued at $335,952,000 after acquiring an additional 253,186 shares during the last quarter. 90.81% of the stock is owned by institutional investors.

EQT Trading Up 3.4 %

Shares of NYSE:EQT opened at $38.57 on Thursday. EQT Co. has a 12 month low of $30.02 and a 12 month high of $45.23. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.33. The company’s fifty day simple moving average is $35.13 and its 200 day simple moving average is $36.60. The firm has a market cap of $17.03 billion, a price-to-earnings ratio of 27.95 and a beta of 1.06.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.07. EQT had a net margin of 12.45% and a return on equity of 4.52%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the business earned $0.30 EPS. The company’s revenue was up 8.2% compared to the same quarter last year. As a group, research analysts forecast that EQT Co. will post 1.4 EPS for the current fiscal year.

EQT Dividend Announcement

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 paid a $0.1575 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 annualized dividend and a yield of 1.63%. EQT’s payout ratio is currently 45.65%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Stephens raised their price objective on shares of EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday. Truist Financial reduced their price objective on shares of EQT from $36.00 to $32.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. 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. StockNews.com upgraded shares of EQT to a “sell” rating in a report on Friday, July 26th. Finally, Citigroup upgraded shares of EQT from a “neutral” rating to a “buy” rating and increased their target price for the stock from $37.00 to $44.00 in a report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $42.17.

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.