Several hedge funds and institutional investors have adjusted their positions in EQT stock. For example, Park Avenue Securities increased its stake by 3.8%, now owning 8,153 shares valued at $302,000. Davis Investment Partners raised its holdings by 1.0% to 30,908 shares worth $1,137,000. Czech National Bank increased its stake by 0.5%, owning 72,374 shares valued at $2,683,000. Motley Fool Asset Management boosted its position by 5.1% to 6,861 shares worth $254,000. Hancock Whitney Corp grew its stake by 3.0%, now holding 14,603 shares valued at $541,000. Overall, 90.81% of EQT shares are held by institutional investors.
EQT Price Performance
EQT shares opened at $36.28. The stock’s 52-week low is $30.02 and high is $45.23. EQT has a market cap of $16.02 billion and a PE ratio of 26.29. Its debt-to-equity ratio is 0.33.
EQT Earnings Results
EQT announced earnings on July 23rd, reporting a loss of $0.08 per share, better than the expected loss of $0.20. Revenue was $952.51 million, below the $1.06 billion estimate, with a net margin of 12.45% and an estimated EPS of 1.37 for the current fiscal year.
EQT Dividend Announcement
The company will pay a quarterly dividend of $0.1575 on December 2nd to investors of record on November 6th. This amounts to an annualized dividend of $0.63, yielding 1.74%.
Analyst Ratings Changes
Analysts have recently updated their ratings for EQT. BMO Capital Markets increased its price target to $40.00 and rated it “outperform.” StockNews.com downgraded EQT to “sell.” Morgan Stanley has an “overweight” rating with a target of $45.00, while UBS lowered its target from $38.00 to $36.00. Citigroup upgraded EQT from “neutral” to “buy” with a new target of $44.00. Currently, the average analyst rating is “Moderate Buy,” with a consensus target price of $42.18.
EQT Profile
EQT Corporation is a natural gas production company in the U.S., selling natural gas and liquids through pipelines in the Appalachian Basin.
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