TD Private Client Wealth LLC Has $141,000 Stock Holdings in EQT Co. (NYSE:EQT)

TD Private Client Wealth LLC grew its position in shares of EQT Co. (NYSE:EQT) by 69.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,836 shares of the oil and gas producer’s stock after acquiring an additional 1,566 shares during the quarter. TD Private Client Wealth LLC’s holdings in EQT were worth $141,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky boosted its position in EQT by 136.5% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 79,525 shares of the oil and gas producer’s stock worth $2,914,000 after acquiring an additional 45,898 shares during the last quarter. Toronto Dominion Bank boosted its position in EQT by 154.0% during the 3rd quarter. Toronto Dominion Bank now owns 316,518 shares of the oil and gas producer’s stock worth $11,597,000 after acquiring an additional 191,892 shares during the last quarter. Financial Avengers Inc. boosted its position in EQT by 100.8% during the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock worth $37,000 after acquiring an additional 504 shares during the last quarter. Coldstream Capital Management Inc. boosted its position in EQT by 22.6% during the 3rd quarter. Coldstream Capital Management Inc. now owns 15,243 shares of the oil and gas producer’s stock worth $567,000 after acquiring an additional 2,810 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in EQT by 34.4% during the 3rd quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer’s stock worth $511,159,000 after acquiring an additional 3,582,418 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Stock Down 0.6 %

EQT opened at $45.59 on Monday. EQT Co. has a 1-year low of $30.02 and a 1-year high of $48.02. The stock’s fifty day simple moving average is $41.00 and its 200 day simple moving average is $37.41. 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 $27.20 billion, a PE ratio of 54.27 and a beta of 1.14.

EQT (NYSE:EQT) last posted its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.06. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 EPS. As a group, research analysts expect that EQT Co. will post 1.37 earnings per share for the current year.

EQT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th were given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.38%. The ex-dividend date was Wednesday, November 6th. EQT’s payout ratio is 75.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Sanford C. Bernstein assumed coverage on EQT in a research report on Friday, December 6th. They set a “market perform” rating and a $50.00 price target for the company. Truist Financial upped their price target on EQT from $32.00 to $41.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Mizuho increased their price objective on EQT from $45.00 to $48.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. increased their price objective on EQT from $37.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, September 26th. Finally, UBS Group increased their price objective on EQT from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $46.11.

Insiders Place Their Bets

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the transaction, the director now owns 201,608 shares in the company, valued at $9,038,086.64. This trade represents a 13.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.63% of the company’s stock.

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.