Radnor Capital Management LLC Raises Stock Position in EQT Co. (NYSE:EQT)

Radnor Capital Management LLC increased its position in shares of EQT Co. (NYSE:EQT - Free Report) by 71.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,711 shares of the oil and gas producer's stock after purchasing an additional 25,261 shares during the quarter. Radnor Capital Management LLC's holdings in EQT were worth $2,224,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Cetera Investment Advisers acquired a new stake in shares of EQT during the 1st quarter worth approximately $2,274,000. UniSuper Management Pty Ltd raised its stake in EQT by 563.1% in the first quarter. UniSuper Management Pty Ltd now owns 29,102 shares of the oil and gas producer's stock valued at $1,079,000 after buying an additional 24,713 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in EQT by 17.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 468,677 shares of the oil and gas producer's stock valued at $17,374,000 after buying an additional 70,325 shares during the period. Vanguard Group Inc. increased its stake in shares of EQT by 8.4% during the first quarter. Vanguard Group Inc. now owns 50,865,664 shares of the oil and gas producer's stock worth $1,885,590,000 after purchasing an additional 3,942,802 shares during the period. Finally, Swedbank AB bought a new position in shares of EQT during the first quarter worth approximately $4,073,000. 90.81% of the stock is owned by institutional investors and hedge funds.

EQT Price Performance

EQT stock traded up $2.67 during mid-day trading on Wednesday, hitting $40.21. The stock had a trading volume of 12,543,951 shares, compared to its average volume of 7,060,125. The firm has a market capitalization of $17.76 billion, a P/E ratio of 44.69 and a beta of 1.06. EQT Co. has a one year low of $30.02 and a one year high of $42.44. 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 firm's 50 day moving average is $35.41 and its 200 day moving average is $36.62.

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 (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.06. The firm had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. The business's revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 EPS. On average, sell-side analysts forecast that EQT Co. will post 1.42 earnings per share for the current fiscal year.

EQT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.57%. EQT's dividend payout ratio is currently 75.00%.

Analyst Upgrades and Downgrades

EQT has been the subject of several analyst reports. Piper Sandler lifted their price objective on EQT from $32.00 to $34.00 and gave the company a "neutral" rating in a report on Monday. StockNews.com raised EQT to a "sell" rating in a research note on Friday, July 26th. Truist Financial lowered their price objective on EQT from $36.00 to $32.00 and set a "hold" rating for the company in a research note on Monday, July 22nd. Mizuho increased their price objective on EQT from $41.00 to $45.00 and gave the company a "neutral" rating in a report on Tuesday. Finally, BMO Capital Markets increased their price objective on EQT from $39.00 to $40.00 and gave the stock an "outperform" rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $42.83.

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.