EQT Co. (NYSE:EQT) Shares Sold by Fiera Capital Corp

Fiera Capital Corp trimmed its stake in EQT Co. (NYSE:EQT - Free Report) by 3.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 700,355 shares of the oil and gas producer's stock after selling 26,580 shares during the period. Fiera Capital Corp owned about 0.16% of EQT worth $25,661,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. HM Payson & Co. purchased a new stake in shares of EQT in the 3rd quarter valued at approximately $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 grew its holdings in shares of EQT by 18,080.0% in the third quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer's stock valued at $33,000 after purchasing an additional 904 shares in the last quarter. Wolff Wiese Magana LLC grew its holdings in shares of EQT by 936.1% in the second quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer's stock valued at $37,000 after purchasing an additional 908 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of EQT by 149.5% in the second quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer's stock valued at $37,000 after purchasing an additional 598 shares in the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EQT. Bank of America began coverage on shares of EQT in a report on Monday, October 28th. They issued a "buy" rating and a $50.00 price objective for the company. Mizuho lifted their price objective on shares of EQT from $41.00 to $45.00 and gave the company a "neutral" rating in a report on Tuesday. Stephens boosted their price target on shares of EQT from $37.00 to $38.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. Piper Sandler boosted their price target on shares of EQT from $32.00 to $34.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. Finally, BMO Capital Markets boosted their price target on shares of EQT from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, EQT currently has a consensus rating of "Moderate Buy" and an average price target of $42.83.

EQT Price Performance

Shares of EQT traded up $0.53 during trading hours on Friday, reaching $41.22. The company had a trading volume of 6,873,711 shares, compared to its average volume of 6,132,550. The firm has a 50 day simple moving average of $35.86 and a 200-day simple moving average of $36.69. 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 company has a market capitalization of $24.60 billion, a price-to-earnings ratio of 49.07 and a beta of 1.06. EQT Co. has a 12-month low of $30.02 and a 12-month high of $42.44.

EQT (NYSE:EQT - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.06. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. The business's revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 EPS. Research analysts expect that EQT Co. will post 1.34 earnings per share for the current year.

EQT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 6th will be paid a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a yield of 1.53%. EQT's payout ratio is 75.00%.

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.