B. Metzler seel. Sohn & Co. Holding AG Invests $358,000 in EQT Co. (NYSE:EQT)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of EQT Co. (NYSE:EQT) during the third quarter, HoldingsChannel reports. The institutional investor acquired 9,771 shares of the oil and gas producer’s stock, valued at approximately $358,000.

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

EQT Trading Down 2.1 %

NYSE:EQT opened at $45.92 on Monday. EQT Co. has a 12 month low of $30.02 and a 12 month high of $48.02. The business’s 50-day moving average is $38.20 and its two-hundred day moving average is $36.96. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a market capitalization of $27.40 billion, a PE ratio of 54.67 and a beta of 1.06.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, topping the consensus estimate of $0.06 by $0.06. EQT had a return on equity of 3.74% and a net margin of 5.52%. 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 company posted $0.30 EPS. EQT’s revenue for the quarter was up 8.2% on a year-over-year basis. Research analysts predict that EQT Co. will post 1.35 earnings per share for the current fiscal year.

EQT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 6th will be issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Wednesday, November 6th. EQT’s payout ratio is 75.00%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. UBS Group raised their price objective on EQT from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Wells Fargo & Company raised EQT from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $40.00 to $42.00 in a research note on Wednesday, August 14th. BMO Capital Markets upped 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. Morgan Stanley reissued an “overweight” rating and issued a $45.00 target price on shares of EQT in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. upped their price target on shares of EQT from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $42.83.

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.