EQT Co. (NYSE:EQT) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC raised its stake in shares of EQT Co. (NYSE:EQT - Free Report) by 29.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 196,443 shares of the oil and gas producer's stock after buying an additional 44,130 shares during the period. Empowered Funds LLC's holdings in EQT were worth $7,198,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. purchased a new position in EQT during the first quarter valued at approximately $418,000. Oppenheimer & Co. Inc. purchased a new position in shares of EQT during the 1st quarter valued at approximately $214,000. Avantax Advisory Services Inc. lifted its stake in shares of EQT by 19.2% in the 1st quarter. Avantax Advisory Services Inc. now owns 7,284 shares of the oil and gas producer's stock valued at $270,000 after purchasing an additional 1,172 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in EQT by 25.6% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 17,818 shares of the oil and gas producer's stock worth $661,000 after buying an additional 3,636 shares in the last quarter. Finally, Intech Investment Management LLC grew its position in EQT by 80.1% during the first quarter. Intech Investment Management LLC now owns 28,949 shares of the oil and gas producer's stock valued at $1,073,000 after buying an additional 12,871 shares during the period. Institutional investors and hedge funds own 90.81% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on EQT shares. Stephens upped their price objective 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. Morgan Stanley reaffirmed an "overweight" rating and issued a $45.00 price target on shares of EQT in a report on Friday, September 13th. Wells Fargo & Company raised EQT from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $40.00 to $42.00 in a report on Wednesday, August 14th. StockNews.com raised EQT to a "sell" rating in a research note on Friday, July 26th. Finally, UBS Group lifted their price target on shares of EQT from $40.00 to $42.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $42.83.

EQT Price Performance

Shares of EQT stock traded down $0.15 during trading hours on Friday, reaching $42.71. The company had a trading volume of 4,711,865 shares, compared to its average volume of 7,048,481. EQT Co. has a 12-month low of $30.02 and a 12-month high of $44.28. 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 company has a market capitalization of $25.48 billion, a price-to-earnings ratio of 50.85 and a beta of 1.06. The stock has a fifty day moving average of $36.91 and a 200-day moving average of $36.79.

EQT (NYSE:EQT - Get Free Report) last issued its earnings results 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 company had revenue of $1.28 billion during 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 quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 EPS. On average, equities analysts anticipate that EQT Co. will post 1.28 earnings per share for the current year.

EQT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be issued a $0.1575 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 annualized dividend and a yield of 1.48%. EQT's payout ratio is 75.00%.

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.