US Bancorp DE Has $1.29 Million Stock Holdings in EQT Co. (NYSE:EQT)

US Bancorp DE lifted its stake in shares of EQT Co. (NYSE:EQT) by 59.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 35,174 shares of the oil and gas producer’s stock after buying an additional 13,090 shares during the quarter. US Bancorp DE’s holdings in EQT were worth $1,289,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. HM Payson & Co. acquired a new stake in shares of EQT during the 3rd quarter worth about $25,000. Innealta Capital LLC bought a new position in EQT during the second quarter worth about $28,000. Hexagon Capital Partners LLC increased its position in EQT by 18,080.0% during the third quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 904 shares during the period. Blue Trust Inc. increased its position in EQT by 149.5% during the second quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock worth $37,000 after acquiring an additional 598 shares during the period. Finally, Wolff Wiese Magana LLC increased its position in EQT by 936.1% during the second quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer’s stock worth $37,000 after acquiring an additional 908 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Trading Up 1.2 %

Shares of EQT stock opened at $40.69 on Friday. The firm has a market capitalization of $17.97 billion, a PE ratio of 48.42 and a beta of 1.06. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. The firm’s 50 day moving average is $35.56 and its 200 day moving average is $36.64. EQT Co. has a 1 year low of $30.02 and a 1 year high of $42.44.

EQT (NYSE:EQT) last posted its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, topping the consensus estimate of $0.06 by $0.06. EQT had a net margin of 5.52% and a return on equity of 3.74%. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period last year, the company earned $0.30 EPS. The firm’s revenue was up 8.2% compared to the same quarter last year. Equities research analysts forecast that EQT Co. will post 1.39 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. Investors of record on Wednesday, November 6th will be given 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 yield of 1.55%. EQT’s dividend payout ratio is presently 75.00%.

Wall Street Analyst Weigh In

A number of research firms recently commented on EQT. Wolfe Research began coverage on shares of EQT in a research report on Thursday, July 18th. They set an “outperform” rating and a $51.00 price target on the stock. Truist Financial decreased their target price on shares of EQT from $36.00 to $32.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. StockNews.com raised shares of EQT to a “sell” rating in a report on Friday, July 26th. Piper Sandler raised their target price on shares of EQT from $32.00 to $34.00 and gave the company a “neutral” rating in a report on Monday. Finally, Citigroup raised shares of EQT from a “neutral” rating to a “buy” rating and raised their target price for the company from $37.00 to $44.00 in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.83.

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.