Chartwell Investment Partners LLC Has $2.86 Million Stock Position in EQT Co. (NYSE:EQT)

Chartwell Investment Partners LLC grew its position in EQT Co. (NYSE:EQT) by 11.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,000 shares of the oil and gas producer’s stock after buying an additional 8,000 shares during the quarter. Chartwell Investment Partners LLC’s holdings in EQT were worth $2,858,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Davis Investment Partners LLC boosted its holdings in shares of EQT by 1.0% in the third quarter. Davis Investment Partners LLC now owns 30,908 shares of the oil and gas producer’s stock worth $1,137,000 after buying an additional 317 shares during the period. Motley Fool Asset Management LLC boosted its holdings in shares of EQT by 5.1% in the first quarter. Motley Fool Asset Management LLC now owns 6,861 shares of the oil and gas producer’s stock worth $254,000 after buying an additional 336 shares during the period. Hancock Whitney Corp boosted its holdings in shares of EQT by 3.0% in the first quarter. Hancock Whitney Corp now owns 14,603 shares of the oil and gas producer’s stock worth $541,000 after buying an additional 419 shares during the period. J.W. Cole Advisors Inc. boosted its holdings in shares of EQT by 7.4% in the third quarter. J.W. Cole Advisors Inc. now owns 6,121 shares of the oil and gas producer’s stock worth $224,000 after buying an additional 421 shares during the period. Finally, SeaBridge Investment Advisors LLC boosted its holdings in shares of EQT by 1.4% in the second quarter. SeaBridge Investment Advisors LLC now owns 30,792 shares of the oil and gas producer’s stock worth $1,139,000 after buying an additional 431 shares during the period. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EQT has been the subject of several research reports. Citigroup upgraded shares of EQT from a “neutral” rating to a “buy” rating and raised their price target for the stock from $37.00 to $44.00 in a report on Thursday, October 3rd. JPMorgan Chase & Co. raised their price target on shares of EQT from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, September 26th. Piper Sandler raised their price target on shares of EQT from $32.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Wolfe Research initiated coverage on shares of EQT in a report on Thursday, July 18th. They set an “outperform” rating and a $51.00 price target for the company. Finally, Truist Financial decreased their price target on shares of EQT from $36.00 to $32.00 and set a “hold” rating for the company in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.83.

EQT Trading Down 0.5 %

NYSE:EQT opened at $43.78 on Wednesday. EQT Co. has a 12 month low of $30.02 and a 12 month high of $44.28. The firm has a market cap of $26.12 billion, a price-to-earnings ratio of 52.12 and a beta of 1.06. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. The company’s 50 day moving average is $36.07 and its 200-day moving average is $36.69.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, beating 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 company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the firm posted $0.30 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. Equities analysts anticipate that EQT Co. will post 1.34 EPS for the current year.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 6th will be given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Wednesday, November 6th. EQT’s dividend payout ratio (DPR) is currently 75.00%.

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.