Cherry Creek Investment Advisors Inc. Sells 1,519 Shares of EQT Co. (NYSE:EQT)

Cherry Creek Investment Advisors Inc. lowered its position in EQT Co. (NYSE:EQT) by 8.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,056 shares of the oil and gas producer’s stock after selling 1,519 shares during the period. Cherry Creek Investment Advisors Inc.’s holdings in EQT were worth $588,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of EQT. Innealta Capital LLC purchased a new position in EQT during the second quarter valued at $28,000. Hexagon Capital Partners LLC lifted 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 valued at $33,000 after purchasing an additional 904 shares in the last quarter. Blue Trust Inc. lifted 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 valued at $37,000 after purchasing an additional 598 shares in the last quarter. Wolff Wiese Magana LLC lifted 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 valued at $37,000 after purchasing an additional 908 shares in the last quarter. Finally, Rise Advisors LLC lifted its position in EQT by 224.8% during the third quarter. Rise Advisors LLC now owns 1,036 shares of the oil and gas producer’s stock valued at $38,000 after purchasing an additional 717 shares in the last quarter. Institutional investors own 90.81% of the company’s stock.

EQT Trading Up 0.6 %

EQT opened at $36.19 on Thursday. The stock has a market cap of $15.98 billion, a price-to-earnings ratio of 26.22 and a beta of 1.06. The stock’s 50 day moving average price is $34.66 and its 200-day moving average price is $36.60. EQT Co. has a one year low of $30.02 and a one year high of $45.23. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.73 and a current ratio of 0.73.

EQT (NYSE:EQT) last released its earnings results on Tuesday, July 23rd. The oil and gas producer reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.12. The firm had revenue of $952.51 million for the quarter, compared to analysts’ expectations of $1.06 billion. EQT had a return on equity of 4.52% and a net margin of 12.45%. The company’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.17) earnings per share. On average, equities analysts forecast that EQT Co. will post 1.37 EPS for the current year.

EQT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 6th will be issued a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.74%. EQT’s payout ratio is 45.65%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wolfe Research assumed coverage on EQT in a research report on Thursday, July 18th. They issued an “outperform” rating and a $51.00 price objective on the stock. Morgan Stanley restated an “overweight” rating and issued a $45.00 price objective on shares of EQT in a research report on Friday, September 13th. Piper Sandler downgraded EQT from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $43.00 to $32.00 in a research report on Thursday, August 15th. StockNews.com raised EQT to a “sell” rating in a report on Friday, July 26th. Finally, Wells Fargo & Company raised EQT from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $40.00 to $42.00 in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.18.

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.