Rockefeller Capital Management L.P. Boosts Stock Position in EQT Co. (NYSE:EQT)

Rockefeller Capital Management L.P. increased its position in EQT Co. (NYSE:EQTGet Rating) by 59.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,554 shares of the oil and gas producer’s stock after acquiring an additional 42,033 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in EQT were worth $4,586,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alta Advisers Ltd purchased a new stake in shares of EQT in the third quarter worth $45,000. Allworth Financial LP lifted its position in shares of EQT by 925.2% in the third quarter. Allworth Financial LP now owns 1,261 shares of the oil and gas producer’s stock valued at $51,000 after acquiring an additional 1,138 shares in the last quarter. First Command Bank purchased a new position in shares of EQT in the second quarter valued at about $46,000. Penserra Capital Management LLC purchased a new stake in shares of EQT during the first quarter worth about $47,000. Finally, CoreCap Advisors LLC purchased a new stake in shares of EQT during the second quarter worth about $61,000. Institutional investors own 97.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on EQT shares. Credit Suisse Group dropped their price target on EQT to $60.00 in a research note on Tuesday, November 1st. Royal Bank of Canada reduced their price target on shares of EQT from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. TD Securities dropped their price objective on shares of EQT from $62.00 to $61.00 and set a “buy” rating for the company in a report on Friday, October 28th. Citigroup cut EQT from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $60.00 to $40.00 in a report on Wednesday, December 7th. Finally, Piper Sandler increased their price target on EQT from $62.00 to $63.00 and gave the company an “overweight” rating in a research note on Thursday, November 17th. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, EQT presently has an average rating of “Moderate Buy” and an average target price of $58.41.

Insider Transactions at EQT

In related news, EVP William E. Jordan sold 98,783 shares of EQT stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $41.55, for a total transaction of $4,104,433.65. Following the completion of the sale, the executive vice president now owns 297,787 shares in the company, valued at approximately $12,373,049.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.48% of the company’s stock.

EQT Stock Performance

EQT stock opened at $33.95 on Monday. EQT Co. has a 1-year low of $19.20 and a 1-year high of $51.97. The company’s 50-day moving average is $37.29 and its 200 day moving average is $41.13. The firm has a market capitalization of $12.46 billion, a P/E ratio of 7.51, a price-to-earnings-growth ratio of 0.07 and a beta of 1.21. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.59 and a quick ratio of 0.59.

EQT (NYSE:EQTGet Rating) last issued its quarterly earnings results on Wednesday, October 26th. The oil and gas producer reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.05. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Research analysts forecast that EQT Co. will post 3.86 EPS for the current year.

EQT Profile

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EQT Corp. is a natural gas production company engaged in the supplying, transmitting, and distribution of natural gas. It has operations in the Marcellus and Utica Shales of the Appalachian Basin. The company was founded in 1888 and is headquartered in Pittsburgh, PA.

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Institutional Ownership by Quarter for EQT (NYSE:EQT)

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