Janney Montgomery Scott LLC Has $7.88 Million Stock Position in EQT Co. (NYSE:EQT)

Janney Montgomery Scott LLC lifted its position in EQT Co. (NYSE:EQT - Free Report) by 71.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 215,158 shares of the oil and gas producer's stock after acquiring an additional 89,866 shares during the period. Janney Montgomery Scott LLC's holdings in EQT were worth $7,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the business. HM Payson & Co. acquired a new stake in shares of EQT during the third quarter worth about $25,000. Innealta Capital LLC acquired a new stake in shares of EQT in the second quarter valued at approximately $28,000. Hexagon Capital Partners LLC raised 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 buying an additional 904 shares during the last quarter. Blue Trust Inc. grew its stake in shares of 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 purchasing an additional 598 shares during the last quarter. Finally, Wolff Wiese Magana LLC raised its position in EQT by 936.1% during the 2nd quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer's stock worth $37,000 after buying an additional 908 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. BMO Capital Markets increased their price target on shares of EQT from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Friday, October 4th. StockNews.com raised shares of EQT to a "sell" rating in a research note on Friday, July 26th. UBS Group raised their price target on shares of EQT from $40.00 to $42.00 and gave the company a "neutral" rating in a report on Monday. Citigroup raised EQT from a "neutral" rating to a "buy" rating and raised their price objective for the company from $37.00 to $44.00 in a research report on Thursday, October 3rd. Finally, Truist Financial decreased their target price on shares of EQT from $36.00 to $32.00 and set a "hold" rating for the company in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.83.

EQT Price Performance

NYSE:EQT traded up $0.83 during trading hours on Friday, reaching $41.52. The company had a trading volume of 3,430,783 shares, compared to its average volume of 7,038,383. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average of $35.56 and a two-hundred day moving average of $36.64. EQT Co. has a one year low of $30.02 and a one year high of $42.44. The firm has a market capitalization of $24.77 billion, a PE ratio of 49.01 and a beta of 1.06.

EQT (NYSE:EQT - Get Free Report) last posted its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.06. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 EPS. Analysts forecast that EQT Co. will post 1.39 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. Stockholders of record on Wednesday, November 6th will be paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Wednesday, November 6th. EQT's dividend payout ratio (DPR) is currently 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.