EQT Co. (NYSE:EQT) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its stake in shares of EQT Co. (NYSE:EQT - Free Report) by 241.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,275 shares of the oil and gas producer's stock after purchasing an additional 65,977 shares during the quarter. Quantinno Capital Management LP's holdings in EQT were worth $3,418,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in shares of EQT by 2.3% during the 2nd 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 acquiring an additional 464,781 shares in the last quarter. Modera Wealth Management LLC acquired a new stake in EQT during the third quarter worth approximately $562,494,000. Clearbridge Investments LLC lifted its position in shares of EQT by 2.9% during the 2nd quarter. Clearbridge Investments LLC now owns 9,084,686 shares of the oil and gas producer's stock worth $335,952,000 after buying an additional 253,186 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of EQT by 28.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,013,058 shares of the oil and gas producer's stock valued at $183,678,000 after buying an additional 1,108,134 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of 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 valued at $156,243,000 after buying an additional 697,824 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on EQT. BMO Capital Markets upped their price objective on shares of EQT from $39.00 to $40.00 and gave the company an "outperform" rating in a research note on Friday, October 4th. Bank of America initiated coverage on EQT in a research report on Monday, October 28th. They issued a "buy" rating and a $50.00 target price for the company. UBS Group lifted their price target on EQT from $40.00 to $42.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. Sanford C. Bernstein initiated coverage on shares of EQT in a research note on Friday. They set a "market perform" rating and a $50.00 price target for the company. Finally, Mizuho lifted their target price on EQT from $45.00 to $48.00 and gave the company a "neutral" rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, EQT has a consensus rating of "Hold" and a consensus price target of $46.11.

EQT Price Performance

EQT stock traded up $0.49 on Tuesday, reaching $43.76. The company had a trading volume of 3,494,709 shares, compared to its average volume of 7,144,466. The company's fifty day moving average is $40.35 and its 200 day moving average is $37.29. The company has a market cap of $26.11 billion, a P/E ratio of 51.52 and a beta of 1.14. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51. EQT Co. has a 1 year low of $30.02 and a 1 year high of $48.02.

EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 3.74% and a net margin of 5.52%. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 earnings per share. On average, research analysts forecast that EQT Co. will post 1.36 earnings per share for the current year.

EQT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Wednesday, November 6th were paid a $0.1575 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $0.63 annualized dividend and a yield of 1.44%. EQT's payout ratio is currently 75.00%.

Insider Buying and Selling

In related news, Director Thomas F. Karam sold 30,154 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total value of $1,351,803.82. Following the transaction, the director now directly owns 201,608 shares of the company's stock, valued at approximately $9,038,086.64. This trade represents a 13.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.63% of the stock is currently owned by company insiders.

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.