EQT Co. (NYSE:EQT) Shares Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lifted its stake in shares of EQT Co. (NYSE:EQT) by 136.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,525 shares of the oil and gas producer’s stock after acquiring an additional 45,898 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in EQT were worth $2,914,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of EQT. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of EQT by 8.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 29,243 shares of the oil and gas producer’s stock valued at $1,081,000 after purchasing an additional 2,209 shares during the last quarter. Swedbank AB raised its position in shares of EQT by 72.4% in the 2nd quarter. Swedbank AB now owns 189,407 shares of the oil and gas producer’s stock worth $7,004,000 after buying an additional 79,538 shares during the period. Blue Trust Inc. boosted its holdings in EQT by 149.5% in the second quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock valued at $37,000 after acquiring an additional 598 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in EQT by 4.6% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 938,133 shares of the oil and gas producer’s stock valued at $34,692,000 after acquiring an additional 41,531 shares during the period. Finally, Raymond James & Associates increased its stake in EQT by 16.4% during the second quarter. Raymond James & Associates now owns 739,589 shares of the oil and gas producer’s stock worth $27,350,000 after acquiring an additional 104,059 shares during the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at EQT

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the sale, the director now owns 201,608 shares in the company, valued at $9,038,086.64. This represents a 13.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.63% of the company’s stock.

EQT Price Performance

Shares of NYSE EQT opened at $45.59 on Friday. The business has a 50 day moving average price of $41.00 and a two-hundred day moving average price of $37.44. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $48.02. The firm has a market cap of $27.20 billion, a PE ratio of 54.27 and a beta of 1.14. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. Sell-side analysts expect that EQT Co. will post 1.37 earnings per share for the current fiscal year.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th were paid a $0.1575 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.38%. EQT’s dividend payout ratio (DPR) is presently 75.00%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $49.00 target price on shares of EQT in a report on Tuesday, December 3rd. JPMorgan Chase & Co. boosted their price objective on shares of EQT from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, September 26th. Morgan Stanley increased their price objective on shares of EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Piper Sandler lifted 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, November 4th. Finally, BMO Capital Markets increased their price target on EQT from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $46.11.

EQT Company 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.