Zurich Insurance Group Ltd FI trimmed its position in EQT Co. (NYSE:EQT - Free Report) by 5.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 508,032 shares of the oil and gas producer's stock after selling 31,439 shares during the quarter. Zurich Insurance Group Ltd FI owned about 0.09% of EQT worth $18,614,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EQT. DF Dent & Co. Inc. purchased a new position in EQT during the third quarter valued at $803,000. National Bank of Canada FI grew its holdings in EQT by 98.9% during the 3rd quarter. National Bank of Canada FI now owns 241,089 shares of the oil and gas producer's stock valued at $8,833,000 after purchasing an additional 119,858 shares during the last quarter. Brookfield Corp ON purchased a new stake in EQT in the 3rd quarter worth about $248,000. United Services Automobile Association boosted its position in shares of EQT by 23.1% during the third quarter. United Services Automobile Association now owns 13,107 shares of the oil and gas producer's stock valued at $480,000 after buying an additional 2,460 shares during the period. Finally, Wellington Management Group LLP grew its position in EQT by 38.7% in the 3rd quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer's stock valued at $2,716,968,000 after acquiring an additional 20,700,921 shares during the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at EQT
In other news, Director Thomas F. Karam sold 30,154 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the transaction, the director now owns 201,608 shares in the company, valued at $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 is available at the SEC website. Corporate insiders own 0.63% of the company's stock.
EQT Stock Performance
EQT stock traded down $1.12 during midday trading on Friday, reaching $43.33. The stock had a trading volume of 7,156,214 shares, compared to its average volume of 7,917,722. The firm has a fifty day simple moving average of $40.22 and a two-hundred day simple moving average of $37.26. The stock has a market cap of $25.85 billion, a PE ratio of 51.58 and a beta of 1.14. EQT Co. has a 52-week low of $30.02 and a 52-week high of $48.02. 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 (NYSE:EQT - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.06. EQT had a return on equity of 3.74% and a net margin of 5.52%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the business posted $0.30 EPS. The company's revenue was up 8.2% on a year-over-year basis. As a group, equities research analysts anticipate that EQT Co. will post 1.36 EPS for the current year.
EQT Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th were paid a dividend of $0.1575 per share. The ex-dividend date was Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.45%. EQT's payout ratio is 75.00%.
Wall Street Analysts Forecast Growth
EQT has been the subject of several research analyst reports. Piper Sandler lifted their target price on EQT from $32.00 to $34.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. Citigroup raised their target price on shares of EQT from $44.00 to $51.00 and gave the company a "buy" rating in a research report on Friday. Morgan Stanley upped their price objective on EQT from $45.00 to $56.00 and gave the stock an "overweight" rating in a research note on Monday, November 25th. Mizuho boosted their price objective on shares of EQT from $45.00 to $48.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 26th. Finally, Truist Financial raised their target price on shares of EQT from $32.00 to $41.00 and gave the company a "hold" rating in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, EQT currently has an average rating of "Hold" and an average price target of $46.11.
Check Out Our Latest Research Report on EQT
About EQT
(
Free Report)
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.
Recommended Stories
Before you consider EQT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EQT wasn't on the list.
While EQT currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.