EQT Co. (NYSE:EQT) Shares Sold by West Family Investments Inc.

West Family Investments Inc. lowered its stake in EQT Co. (NYSE:EQT) by 23.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 103,619 shares of the oil and gas producer’s stock after selling 31,956 shares during the quarter. EQT comprises about 1.3% of West Family Investments Inc.’s portfolio, making the stock its 14th biggest holding. West Family Investments Inc.’s holdings in EQT were worth $3,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Modera Wealth Management LLC acquired a new stake in shares of EQT in the third quarter valued at $562,494,000. Price T Rowe Associates Inc. MD grew its position in EQT by 22.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 64,877,405 shares of the oil and gas producer’s stock valued at $2,405,007,000 after acquiring an additional 11,993,729 shares in the last quarter. Vanguard Group Inc. increased its stake in EQT by 8.4% during the first quarter. Vanguard Group Inc. now owns 50,865,664 shares of the oil and gas producer’s stock worth $1,885,590,000 after purchasing an additional 3,942,802 shares during the period. Canoe Financial LP acquired a new stake in shares of EQT during the third quarter worth about $89,907,000. Finally, Merewether Investment Management LP purchased a new position in shares of EQT in the second quarter valued at approximately $69,452,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. UBS Group upped their target price on shares of EQT from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. StockNews.com upgraded EQT to a “sell” rating in a research note on Friday, July 26th. Mizuho lifted their target price on EQT from $41.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. BMO Capital Markets upped their price target on EQT from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Finally, Stephens increased their price target on EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. 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 stock. According to data from MarketBeat, EQT presently has a consensus rating of “Moderate Buy” and an average price target of $42.83.

EQT Price Performance

Shares of NYSE:EQT opened at $44.28 on Tuesday. EQT Co. has a 12 month low of $30.02 and a 12 month high of $44.62. The firm has a market capitalization of $26.42 billion, a P/E 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. The company’s fifty day moving average price is $37.16 and its 200 day moving average price is $36.81.

EQT (NYSE:EQT) last posted its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $1.35 billion. During the same period in the previous year, the business earned $0.30 EPS. The business’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, sell-side analysts predict that EQT Co. will post 1.28 earnings per share for the current fiscal year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th will be paid a dividend of $0.1575 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.63 annualized dividend and a dividend yield of 1.42%. EQT’s dividend payout ratio (DPR) is 75.00%.

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.