EQT Co. (NYSE:EQT) Shares Sold by West Family Investments Inc.

West Family Investments Inc. trimmed its holdings in EQT Co. (NYSE:EQT - Free Report) by 23.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,619 shares of the oil and gas producer's stock after selling 31,956 shares during the quarter. EQT accounts for 1.3% of West Family Investments Inc.'s portfolio, making the stock its 14th largest holding. West Family Investments Inc.'s holdings in EQT were worth $3,797,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its holdings in shares of EQT by 22.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 64,877,405 shares of the oil and gas producer's stock worth $2,405,007,000 after acquiring an additional 11,993,729 shares in the last quarter. Vanguard Group Inc. lifted its stake in EQT by 8.4% in the first quarter. Vanguard Group Inc. now owns 50,865,664 shares of the oil and gas producer's stock valued at $1,885,590,000 after buying an additional 3,942,802 shares during the period. Bank of New York Mellon Corp grew its holdings in EQT by 2.3% during the second quarter. Bank of New York Mellon Corp now owns 20,348,475 shares of the oil and gas producer's stock valued at $752,487,000 after purchasing an additional 464,781 shares during the period. Modera Wealth Management LLC acquired a new position in shares of EQT in the 3rd quarter valued at $562,494,000. Finally, Clearbridge Investments LLC increased its holdings 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 worth $335,952,000 after acquiring an additional 253,186 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Mizuho boosted their price target on EQT from $41.00 to $45.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Truist Financial decreased their price target on shares of EQT from $36.00 to $32.00 and set a "hold" rating on the stock in a research note on Monday, July 22nd. Wells Fargo & Company raised shares of EQT from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $40.00 to $42.00 in a research report on Wednesday, August 14th. StockNews.com upgraded EQT to a "sell" rating in a research note on Friday, July 26th. Finally, Piper Sandler raised their target price on shares of EQT from $32.00 to $34.00 and gave the company a "neutral" rating in a report on Monday, November 4th. One research 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $42.83.

EQT Stock Down 0.5 %

EQT stock traded down $0.20 on Tuesday, reaching $44.08. 5,674,609 shares of the company traded hands, compared to its average volume of 7,060,998. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a fifty day simple moving average of $37.16 and a 200-day simple moving average of $36.81. EQT Co. has a one year low of $30.02 and a one year high of $44.62. The company has a market cap of $26.30 billion, a P/E ratio of 52.71 and a beta of 1.06.

EQT (NYSE:EQT - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.06. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.30 earnings per share. Research analysts anticipate that EQT Co. will post 1.28 earnings per share for the current year.

EQT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 6th will be paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Wednesday, November 6th. EQT's dividend payout ratio (DPR) is presently 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.