EQT Co. (NYSE:EQT) Shares Bought by Inscription Capital LLC

Inscription Capital LLC grew its position in EQT Co. (NYSE:EQT) by 151.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,165 shares of the oil and gas producer’s stock after purchasing an additional 15,170 shares during the quarter. Inscription Capital LLC’s holdings in EQT were worth $922,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EQT. Park Avenue Securities LLC raised 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 purchasing an additional 300 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of EQT by 3.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 27,034 shares of the oil and gas producer’s stock valued at $1,002,000 after purchasing an additional 932 shares during the last quarter. Founders Financial Securities LLC grew its stake in EQT by 9.2% during the 1st quarter. Founders Financial Securities LLC now owns 8,204 shares of the oil and gas producer’s stock worth $304,000 after buying an additional 690 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in EQT by 1.5% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 896,602 shares of the oil and gas producer’s stock worth $33,237,000 after buying an additional 13,234 shares during the period. Finally, Norden Group LLC purchased a new stake in EQT in the first quarter valued at approximately $401,000. 90.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Bank of America started coverage on shares of EQT in a research report on Monday. They set a “buy” rating and a $50.00 target price on the stock. UBS Group reduced their target price on shares of EQT from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Wednesday, September 18th. StockNews.com upgraded shares of EQT to a “sell” rating in a research note on Friday, July 26th. Scotiabank boosted their price target on EQT from $54.00 to $55.00 and gave the company a “sector outperform” rating in a research report on Friday, July 12th. Finally, Mizuho decreased their price objective on EQT from $43.00 to $41.00 and set a “neutral” rating for the company in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $42.61.

EQT Price Performance

Shares of NYSE:EQT traded down $0.10 during trading on Monday, hitting $37.38. 543,084 shares of the stock were exchanged, compared to its average volume of 7,003,098. The company has a market cap of $16.51 billion, a PE ratio of 26.65 and a beta of 1.06. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.33. The company has a fifty day moving average price of $34.87 and a two-hundred day moving average price of $36.59. EQT Co. has a 12-month low of $30.02 and a 12-month high of $45.23.

EQT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders 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 1.69%. The ex-dividend date is Wednesday, November 6th. EQT’s dividend payout ratio is currently 45.65%.

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.