Radnor Capital Management LLC Buys 25,261 Shares of EQT Co. (NYSE:EQT)

Radnor Capital Management LLC increased its stake in shares of EQT Co. (NYSE:EQT) by 71.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,711 shares of the oil and gas producer’s stock after buying an additional 25,261 shares during the quarter. Radnor Capital Management LLC’s holdings in EQT were worth $2,224,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of EQT. HM Payson & Co. acquired a new stake in EQT during the 3rd quarter valued at $25,000. Innealta Capital LLC acquired a new stake in shares of EQT in the 2nd quarter valued at $28,000. Hexagon Capital Partners LLC grew its stake in shares of 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 worth $33,000 after purchasing an additional 904 shares during the period. Wolff Wiese Magana LLC grew its stake in shares of EQT by 936.1% during the second quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer’s stock worth $37,000 after purchasing an additional 908 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of EQT by 149.5% during the second quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock worth $37,000 after purchasing an additional 598 shares during the period. Institutional investors own 90.81% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on EQT shares. Piper Sandler lifted their target price on EQT from $32.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday. Scotiabank boosted their price target on EQT from $54.00 to $55.00 and gave the company a “sector outperform” rating in a report on Friday, July 12th. Bank of America assumed coverage on EQT in a report on Monday, October 28th. They issued a “buy” rating and a $50.00 price target on the stock. Citigroup raised EQT from a “neutral” rating to a “buy” rating and lifted their target price for the company from $37.00 to $44.00 in a research report on Thursday, October 3rd. Finally, Truist Financial lowered their price target on EQT from $36.00 to $32.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $42.83.

EQT Price Performance

EQT stock opened at $37.54 on Wednesday. The firm has a 50-day moving average of $35.41 and a two-hundred day moving average of $36.62. EQT Co. has a 1 year low of $30.02 and a 1 year high of $44.47. The stock has a market cap of $16.58 billion, a price-to-earnings ratio of 44.69 and a beta of 1.06. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51.

EQT (NYSE:EQT) last posted its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.06. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $0.30 earnings per share. On average, research analysts forecast that EQT Co. will post 1.42 earnings per share for the current year.

EQT Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.68%. EQT’s payout ratio is 75.00%.

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.