EQT Co. (NYSE:EQT) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors trimmed its holdings in EQT Co. (NYSE:EQT) by 12.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,020 shares of the oil and gas producer’s stock after selling 1,333 shares during the period. Captrust Financial Advisors’ holdings in EQT were worth $330,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its stake in shares of 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 valued at $1,081,000 after acquiring an additional 2,209 shares during the last quarter. Swedbank AB lifted its stake in shares of EQT by 72.4% during the second 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 during the period. Blue Trust Inc. lifted 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 valued at $37,000 after buying an additional 598 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in EQT by 4.6% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 938,133 shares of the oil and gas producer’s stock worth $34,692,000 after acquiring an additional 41,531 shares during the last quarter. Finally, Raymond James & Associates grew its stake in EQT by 16.4% in the 2nd quarter. Raymond James & Associates now owns 739,589 shares of the oil and gas producer’s stock worth $27,350,000 after acquiring an additional 104,059 shares during the period. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

EQT Trading Down 0.6 %

Shares of EQT opened at $45.59 on Friday. The stock has a market cap of $27.20 billion, a PE ratio of 54.27 and a beta of 1.14. The stock’s 50-day moving average is $41.00 and its two-hundred day moving average is $37.44. EQT Co. has a 12 month low of $30.02 and a 12 month high of $48.02. 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 announced its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) 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 firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the business posted $0.30 earnings per share. Equities analysts forecast that EQT Co. will post 1.37 earnings per share for the current fiscal year.

EQT Announces Dividend

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

Insider Buying and Selling

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 value of $1,351,803.82. Following the sale, the director now directly owns 201,608 shares of the company’s stock, valued at $9,038,086.64. This trade represents a 13.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.63% of the stock is owned by company insiders.

Analysts Set New Price Targets

EQT has been the topic of several analyst reports. Piper Sandler raised their price objective on EQT from $32.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. UBS Group raised their price target on EQT from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Citigroup increased their price objective on shares of EQT from $44.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, December 6th. BMO Capital Markets raised their target price on shares of EQT from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Finally, Stephens upped their price target on shares of EQT from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $46.11.

About 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.