Creative Planning lifted its stake in shares of EQT Co. (NYSE:EQT – Free Report) by 92.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,480 shares of the oil and gas producer’s stock after purchasing an additional 47,825 shares during the quarter. Creative Planning’s holdings in EQT were worth $3,645,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of EQT. Park Avenue Securities LLC grew its holdings in EQT by 3.8% during the first quarter. Park Avenue Securities LLC now owns 8,153 shares of the oil and gas producer’s stock worth $302,000 after buying an additional 300 shares in the last quarter. Davis Investment Partners LLC increased its position in EQT by 1.0% in the third quarter. Davis Investment Partners LLC now owns 30,908 shares of the oil and gas producer’s stock worth $1,137,000 after buying an additional 317 shares during the last quarter. Motley Fool Asset Management LLC boosted its position in EQT by 5.1% during the first quarter. Motley Fool Asset Management LLC now owns 6,861 shares of the oil and gas producer’s stock worth $254,000 after purchasing an additional 336 shares during the period. Hancock Whitney Corp raised its holdings in EQT by 3.0% during the 1st quarter. Hancock Whitney Corp now owns 14,603 shares of the oil and gas producer’s stock valued at $541,000 after acquiring an additional 419 shares during the period. Finally, SeaBridge Investment Advisors LLC boosted its stake in EQT by 1.4% in the 1st quarter. SeaBridge Investment Advisors LLC now owns 30,361 shares of the oil and gas producer’s stock worth $1,125,000 after purchasing an additional 428 shares during the period. Institutional investors own 90.81% of the company’s stock.
EQT Price Performance
NYSE EQT opened at $37.48 on Friday. EQT Co. has a 1-year low of $30.02 and a 1-year high of $45.23. The stock has a market capitalization of $16.55 billion, a price-to-earnings ratio of 27.16 and a beta of 1.06. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.73 and a quick ratio of 0.73. The business’s fifty day moving average price is $34.87 and its 200-day moving average price is $36.61.
EQT Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th will be given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Wednesday, November 6th. EQT’s payout ratio is currently 45.65%.
Wall Street Analyst Weigh In
Several brokerages have commented on EQT. Mizuho cut their price target on shares of EQT from $43.00 to $41.00 and set a “neutral” rating for the company in a report on Friday, October 4th. Morgan Stanley reiterated an “overweight” rating and issued a $45.00 target price on shares of EQT in a research report on Friday, September 13th. Citigroup raised EQT from a “neutral” rating to a “buy” rating and increased their price objective for the company from $37.00 to $44.00 in a research note on Thursday, October 3rd. Piper Sandler lowered EQT from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $43.00 to $32.00 in a research report on Thursday, August 15th. Finally, Truist Financial cut their price objective on EQT from $36.00 to $32.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, EQT presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.18.
Check Out Our Latest Research Report on EQT
EQT Profile
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.
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