EQT Co. (NYSE:EQT) Shares Bought by Whalen Wealth Management Inc.

Whalen Wealth Management Inc. increased its stake in EQT Co. (NYSE:EQT - Free Report) by 153.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,696 shares of the oil and gas producer's stock after acquiring an additional 17,353 shares during the quarter. EQT makes up about 0.7% of Whalen Wealth Management Inc.'s portfolio, making the stock its 27th biggest holding. Whalen Wealth Management Inc.'s holdings in EQT were worth $1,051,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the business. HM Payson & Co. acquired a new position in shares of EQT during the 3rd quarter valued at about $25,000. Innealta Capital LLC purchased a new stake in shares of EQT during the second quarter worth approximately $28,000. Hexagon Capital Partners LLC increased its stake 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 worth $33,000 after buying an additional 904 shares during the period. Blue Trust Inc. increased its stake in EQT by 149.5% in the second quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer's stock valued at $37,000 after purchasing an additional 598 shares during the last quarter. Finally, Wolff Wiese Magana LLC increased its stake in EQT by 936.1% in the second quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer's stock valued at $37,000 after purchasing an additional 908 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EQT. JPMorgan Chase & Co. increased their price objective on EQT from $37.00 to $39.00 and gave the company an "overweight" rating in a report on Thursday, September 26th. Stephens increased their price target on EQT from $37.00 to $38.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. Bank of America assumed coverage on EQT in a report on Monday, October 28th. They issued a "buy" rating and a $50.00 target price for the company. BMO Capital Markets raised their target price on EQT from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Friday, October 4th. Finally, Citigroup upgraded EQT from a "neutral" rating to a "buy" rating and raised their price target for the company from $37.00 to $44.00 in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, EQT has a consensus rating of "Moderate Buy" and a consensus target price of $42.83.

EQT Stock Down 0.5 %

EQT stock traded down $0.20 during midday trading on Tuesday, hitting $44.08. 5,674,609 shares of the company were exchanged, compared to its average volume of 7,060,998. The company's fifty day moving average price is $37.16 and its 200-day moving average price is $36.81. The company has a market cap of $26.30 billion, a PE ratio of 52.71 and a beta of 1.06. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $44.62.

EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, topping the consensus estimate of $0.06 by $0.06. The firm 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%. EQT's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 EPS. On average, research analysts predict that EQT Co. will post 1.28 EPS for the current fiscal year.

EQT Announces Dividend

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