Mutual of America Capital Management LLC cut its holdings in shares of EQT Co. (NYSE:EQT - Free Report) by 55.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 73,139 shares of the oil and gas producer's stock after selling 91,370 shares during the period. Mutual of America Capital Management LLC's holdings in EQT were worth $2,680,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. HM Payson & Co. acquired a new stake in shares of EQT in the third quarter valued at about $25,000. Innealta Capital LLC acquired a new stake in EQT in the 2nd quarter worth about $28,000. Hexagon Capital Partners LLC increased its stake in EQT by 18,080.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer's stock worth $33,000 after buying an additional 904 shares in the last quarter. Wolff Wiese Magana LLC raised its holdings in shares of 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 acquiring an additional 908 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.
NYSE EQT opened at $45.92 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a market capitalization of $27.40 billion, a P/E ratio of 54.67 and a beta of 1.06. The firm's 50-day moving average is $38.20 and its two-hundred day moving average is $36.98. EQT Co. has a 12 month low of $30.02 and a 12 month high of $48.02.
EQT (NYSE:EQT - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the prior year, the business posted $0.30 EPS. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. On average, sell-side analysts anticipate that EQT Co. will post 1.35 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th will be paid a $0.1575 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.37%. EQT's payout ratio is presently 75.00%.
Several research firms recently commented on EQT. Citigroup raised EQT from a "neutral" rating to a "buy" rating and increased their price objective for the company from $37.00 to $44.00 in a research note on Thursday, October 3rd. Mizuho increased their target price on shares of EQT from $41.00 to $45.00 and gave the company a "neutral" rating in a research report on Tuesday, November 5th. BMO Capital Markets boosted their price target on shares of EQT from $39.00 to $40.00 and gave the stock an "outperform" rating in a research report on Friday, October 4th. UBS Group increased their price objective on shares of EQT from $40.00 to $42.00 and gave the company a "neutral" rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. boosted their target price on EQT from $37.00 to $39.00 and gave the stock an "overweight" rating in a report on Thursday, September 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $42.83.
Get Our Latest Analysis on EQT
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.
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