Nomura Asset Management Co. Ltd. raised its position in EQT Co. (NYSE:EQT - Free Report) by 42.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 164,644 shares of the oil and gas producer's stock after acquiring an additional 49,184 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in EQT were worth $6,033,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of EQT. HM Payson & Co. bought a new position in EQT in the third quarter worth approximately $25,000. Innealta Capital LLC bought a new stake in EQT during the second quarter valued at about $28,000. Truvestments Capital LLC purchased a new stake in EQT in the third quarter worth about $30,000. Quarry LP raised its stake in shares of EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer's stock worth $33,000 after buying an additional 578 shares during the period. Finally, Hexagon Capital Partners LLC lifted its position in shares of EQT by 18,080.0% during the 3rd 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 in the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at EQT
In related news, Director Thomas F. Karam sold 30,154 shares of EQT stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total value of $1,351,803.82. Following the completion of the sale, the director now owns 201,608 shares in the company, valued at approximately $9,038,086.64. This trade represents a 13.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.63% of the stock is owned by corporate insiders.
EQT Stock Performance
NYSE:EQT traded down $0.27 during trading hours on Friday, reaching $45.60. The company had a trading volume of 8,514,648 shares, compared to its average volume of 7,159,665. The firm has a market cap of $27.21 billion, a PE ratio of 54.46 and a beta of 1.14. EQT Co. has a 1-year low of $30.02 and a 1-year high of $48.02. The business's 50 day moving average price is $40.82 and its 200-day moving average price is $37.42. 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 - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, beating the consensus estimate of $0.06 by $0.06. EQT had a net margin of 5.52% and a return on equity of 3.74%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the business earned $0.30 earnings per share. The firm's revenue was up 8.2% on a year-over-year basis. Research analysts forecast that EQT Co. will post 1.37 EPS for the current year.
EQT Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Wednesday, November 6th were issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Wednesday, November 6th. EQT's payout ratio is 75.00%.
Wall Street Analysts Forecast Growth
EQT has been the topic of several recent analyst reports. Bank of America started coverage on EQT in a research note on Monday, October 28th. They set a "buy" rating and a $50.00 target price on the stock. Wells Fargo & Company increased their target price on EQT from $42.00 to $52.00 and gave the stock an "overweight" rating in a research note on Monday, November 25th. BMO Capital Markets lifted their price objective on shares of EQT from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Friday, October 4th. Stephens upped their target price on shares of EQT from $37.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley boosted their price target on EQT from $45.00 to $56.00 and gave the company an "overweight" rating in a report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $46.11.
Get Our Latest Analysis on EQT
EQT Company Profile
(
Free Report)
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.
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