EQT Co. (NYSE:EQT) Shares Sold by Swedbank AB

Swedbank AB decreased its holdings in EQT Co. (NYSE:EQT - Free Report) by 22.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 147,658 shares of the oil and gas producer's stock after selling 41,749 shares during the quarter. Swedbank AB's holdings in EQT were worth $5,410,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of EQT. Innealta Capital LLC purchased a new stake in shares of EQT during the second quarter worth about $28,000. Hexagon Capital Partners LLC increased its stake in 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 worth $33,000 after buying an additional 904 shares in the last quarter. Wolff Wiese Magana LLC raised its holdings in shares of EQT by 936.1% during 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 acquiring an additional 908 shares during the last quarter. Blue Trust Inc. lifted its position 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 acquiring an additional 598 shares in the last quarter. Finally, Rise Advisors LLC increased its position in shares of EQT by 224.8% during the third quarter. Rise Advisors LLC now owns 1,036 shares of the oil and gas producer's stock worth $38,000 after purchasing an additional 717 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company's stock.

EQT Trading Down 1.5 %

Shares of EQT stock traded down $0.57 on Friday, reaching $36.49. The company had a trading volume of 5,360,451 shares, compared to its average volume of 7,071,257. The firm's 50 day moving average price is $34.39 and its two-hundred day moving average price is $36.61. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.73 and a current ratio of 0.73. EQT Co. has a 52-week low of $30.02 and a 52-week high of $45.23. The firm has a market cap of $16.11 billion, a PE ratio of 26.44 and a beta of 1.06.

EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings results on Tuesday, July 23rd. The oil and gas producer reported ($0.08) EPS for the quarter, topping analysts' consensus estimates of ($0.20) by $0.12. EQT had a return on equity of 4.52% and a net margin of 12.45%. The company had revenue of $952.51 million for the quarter, compared to analysts' expectations of $1.06 billion. During the same period in the prior year, the firm earned ($0.17) earnings per share. The firm's revenue was down 6.5% compared to the same quarter last year. Sell-side analysts predict that EQT Co. will post 1.37 earnings per share for the current fiscal year.

EQT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 6th will be issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Wednesday, November 6th. EQT's dividend payout ratio (DPR) is 45.65%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Scotiabank lifted their target price on shares of EQT from $54.00 to $55.00 and gave the stock a "sector outperform" rating in a research note on Friday, July 12th. Wolfe Research assumed coverage on shares of EQT in a research note on Thursday, July 18th. They issued an "outperform" rating and a $51.00 target price on the stock. Citigroup upgraded EQT from a "neutral" rating to a "buy" rating and upped their price target for the company from $37.00 to $44.00 in a research report on Thursday, October 3rd. Morgan Stanley reiterated an "overweight" rating and set a $45.00 price objective on shares of EQT in a research report on Friday, September 13th. Finally, StockNews.com upgraded EQT to a "sell" rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $42.18.

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.