National Bank of Canada FI lifted its stake in EQT Co. (NYSE:EQT - Free Report) by 98.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 241,089 shares of the oil and gas producer's stock after buying an additional 119,858 shares during the period. National Bank of Canada FI's holdings in EQT were worth $8,833,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC grew its holdings in shares of EQT by 20.4% during the 2nd quarter. CWM LLC now owns 11,308 shares of the oil and gas producer's stock worth $418,000 after purchasing an additional 1,917 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in EQT by 8.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 29,243 shares of the oil and gas producer's stock worth $1,081,000 after buying an additional 2,209 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in EQT by 12.4% in the 2nd quarter. V Square Quantitative Management LLC now owns 6,436 shares of the oil and gas producer's stock valued at $238,000 after buying an additional 710 shares during the period. Swedbank AB raised its stake in shares of EQT by 72.4% in the 2nd quarter. Swedbank AB now owns 189,407 shares of the oil and gas producer's stock valued at $7,004,000 after buying an additional 79,538 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of EQT by 149.5% during the 2nd quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer's stock worth $37,000 after acquiring an additional 598 shares during the period. 90.81% of the stock is currently owned by institutional investors.
NYSE:EQT opened at $45.58 on Thursday. The company has a market cap of $27.20 billion, a price-to-earnings ratio of 54.26 and a beta of 1.14. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51. The stock's fifty day moving average price is $40.66 and its two-hundred day moving average price is $37.37. EQT Co. has a 52-week low of $30.02 and a 52-week high of $48.02.
EQT (NYSE:EQT - Get Free Report) last released its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.06. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. The firm's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 earnings per share. On average, analysts anticipate that EQT Co. will post 1.36 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th were paid a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Wednesday, November 6th. EQT's dividend payout ratio (DPR) is presently 75.00%.
In related news, Director Thomas F. Karam sold 30,154 shares of EQT 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 completion of the sale, the director now directly owns 201,608 shares of the company's stock, valued at $9,038,086.64. The trade was a 13.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.63% of the stock is owned by corporate insiders.
EQT has been the topic of a number of analyst reports. Bank of America initiated coverage on shares of EQT in a research note on Monday, October 28th. They issued a "buy" rating and a $50.00 target price on the stock. Sanford C. Bernstein began coverage on EQT in a report on Friday, December 6th. They issued a "market perform" rating and a $50.00 target price for the company. Wells Fargo & Company upped their price target on EQT from $42.00 to $52.00 and gave the company an "overweight" rating in a research report on Monday, November 25th. Mizuho lifted 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. Finally, Piper Sandler upped their target price on shares of EQT from $32.00 to $34.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, EQT presently has a consensus rating of "Hold" and a consensus target price of $46.11.
Get Our Latest Analysis on EQT
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.
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