EQT Co. (NYSE:EQT) Shares Bought by Pathstone Holdings LLC

Pathstone Holdings LLC lifted its holdings in EQT Co. (NYSE:EQT - Free Report) by 33.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,051 shares of the oil and gas producer's stock after purchasing an additional 19,013 shares during the quarter. Pathstone Holdings LLC's holdings in EQT were worth $2,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in EQT. Bank of New York Mellon Corp lifted its holdings in shares of EQT by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 20,348,475 shares of the oil and gas producer's stock worth $752,487,000 after buying an additional 464,781 shares in the last quarter. Modera Wealth Management LLC bought a new position in shares of EQT during the 3rd quarter valued at approximately $562,494,000. Clearbridge Investments LLC raised its stake in shares of EQT by 2.9% in the second quarter. Clearbridge Investments LLC now owns 9,084,686 shares of the oil and gas producer's stock valued at $335,952,000 after acquiring an additional 253,186 shares during the period. Dimensional Fund Advisors LP raised its position in EQT by 19.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,224,784 shares of the oil and gas producer's stock worth $156,243,000 after purchasing an additional 697,824 shares during the period. Finally, Boston Partners lifted its stake in shares of EQT by 33.7% during the 1st quarter. Boston Partners now owns 3,834,505 shares of the oil and gas producer's stock worth $142,178,000 after acquiring an additional 966,475 shares during the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on EQT. Truist Financial increased their price target on shares of EQT from $32.00 to $41.00 and gave the company a "hold" rating in a research report on Tuesday. 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 target for the company. Morgan Stanley boosted their price objective on shares of EQT from $45.00 to $56.00 and gave the company an "overweight" rating in a report on Monday. BMO Capital Markets raised their target price on EQT from $39.00 to $40.00 and gave the stock an "outperform" rating in a research note on Friday, October 4th. Finally, Stephens boosted their price target on EQT from $37.00 to $38.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, EQT currently has a consensus rating of "Moderate Buy" and an average price target of $44.67.

EQT Trading Down 0.9 %

NYSE EQT traded down $0.43 on Tuesday, reaching $45.56. 7,291,608 shares of the company were exchanged, compared to its average volume of 7,204,740. 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 business's fifty day moving average price is $38.45 and its 200 day moving average price is $37.00. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $48.02. The stock has a market capitalization of $27.18 billion, a P/E ratio of 53.46 and a beta of 1.06.

EQT (NYSE:EQT - Get Free Report) last announced 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. EQT had a net margin of 5.52% and a return on equity of 3.74%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the firm earned $0.30 EPS. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. Analysts forecast that EQT Co. will post 1.35 earnings per share for the current year.

EQT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th will be given a dividend of $0.1575 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.63 annualized dividend and a dividend yield of 1.38%. EQT's dividend payout ratio (DPR) is currently 75.00%.

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.