17,520 Shares in EQT Co. (NYSE:EQT) Bought by Private Management Group Inc.

Private Management Group Inc. bought a new position in EQT Co. (NYSE:EQT - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 17,520 shares of the oil and gas producer's stock, valued at approximately $642,000.

A number of other institutional investors have also recently modified their holdings of the stock. HM Payson & Co. bought a new stake in shares of EQT during the third quarter valued at approximately $25,000. Innealta Capital LLC purchased a new position in shares of EQT in the second quarter worth $28,000. Hexagon Capital Partners LLC lifted its holdings in shares of EQT by 18,080.0% during 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. Blue Trust Inc. boosted its position in shares of EQT by 149.5% during the second quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer's stock valued at $37,000 after buying an additional 598 shares during the last quarter. Finally, Wolff Wiese Magana LLC increased its holdings in EQT by 936.1% in 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 in the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EQT shares. Morgan Stanley restated an "overweight" rating and set a $45.00 target price on shares of EQT in a research note on Friday, September 13th. StockNews.com raised shares of EQT to a "sell" rating in a research report on Friday, July 26th. Mizuho lowered their price target on EQT from $43.00 to $41.00 and set a "neutral" rating on the stock in a report on Friday, October 4th. Piper Sandler lowered EQT from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $43.00 to $32.00 in a report on Thursday, August 15th. Finally, Truist Financial lowered their target price on EQT from $36.00 to $32.00 and set a "hold" rating on the stock in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, EQT has a consensus rating of "Moderate Buy" and a consensus price target of $42.17.

EQT Price Performance

Shares of NYSE:EQT traded down $0.92 during trading on Friday, hitting $35.62. 7,274,280 shares of the company's stock were exchanged, compared to its average volume of 6,145,950. The business's 50-day simple moving average is $35.24 and its 200 day simple moving average is $36.60. The company has a market cap of $15.73 billion, a price-to-earnings ratio of 42.41 and a beta of 1.06. EQT Co. has a 52-week low of $30.02 and a 52-week high of $45.23. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.73.

EQT (NYSE:EQT - Get Free Report) last announced its quarterly earnings data 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. EQT had a net margin of 5.52% and a return on equity of 3.74%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the firm posted $0.30 EPS. The company's revenue was up 8.2% on a year-over-year basis. As a group, equities analysts predict that EQT Co. will post 1.42 EPS 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 issued a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.63 annualized dividend and a dividend yield of 1.77%. EQT's dividend payout ratio (DPR) 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.