EQT Co. (NYSE:EQT) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc reduced its position in EQT Co. (NYSE:EQT) by 20.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 199,772 shares of the oil and gas producer’s stock after selling 51,970 shares during the quarter. Ensign Peak Advisors Inc’s holdings in EQT were worth $7,388,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Innealta Capital LLC purchased a new position in EQT in the 2nd quarter valued at approximately $28,000. Wolff Wiese Magana LLC increased its position in shares of EQT by 936.1% in 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 buying an additional 908 shares in the last quarter. Blue Trust Inc. raised its stake in shares of EQT by 149.5% during the 2nd quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock worth $37,000 after buying an additional 598 shares during the last quarter. Industrial Alliance Investment Management Inc. boosted its position in shares of EQT by 65.5% in the 2nd quarter. Industrial Alliance Investment Management Inc. now owns 1,440 shares of the oil and gas producer’s stock worth $53,000 after buying an additional 570 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in EQT in the 1st quarter valued at about $54,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

EQT Trading Down 1.3 %

Shares of EQT opened at $35.16 on Thursday. The stock’s fifty day simple moving average is $33.26 and its 200 day simple moving average is $36.41. EQT Co. has a twelve month low of $30.02 and a twelve month high of $45.23. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $15.53 billion, a P/E ratio of 25.48 and a beta of 1.06.

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

EQT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were given a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend was Wednesday, August 7th. EQT’s payout ratio is currently 45.65%.

Analyst Ratings Changes

A number of equities analysts have issued reports on EQT shares. JPMorgan Chase & Co. cut their target price on shares of EQT from $42.00 to $37.00 and set an “overweight” rating for the company in a research report on Thursday, September 12th. Piper Sandler lowered EQT from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $43.00 to $32.00 in a research note on Thursday, August 15th. Truist Financial dropped their price target on EQT from $36.00 to $32.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. StockNews.com raised EQT to a “sell” rating in a research note on Friday, July 26th. Finally, Jefferies Financial Group lifted their price objective on EQT from $43.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, EQT presently has an average rating of “Hold” and a consensus target price of $43.28.

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.