EQT Co. (NYSE:EQT) Position Increased by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC raised its position in shares of EQT Co. (NYSE:EQT) by 18,080.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 909 shares of the oil and gas producer’s stock after buying an additional 904 shares during the quarter. Hexagon Capital Partners LLC’s holdings in EQT were worth $33,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Cetera Investment Advisers purchased a new stake in EQT during the first quarter valued at about $2,274,000. Vanguard Group Inc. boosted its position in EQT by 4.5% during the 4th quarter. Vanguard Group Inc. now owns 46,922,862 shares of the oil and gas producer’s stock worth $1,814,038,000 after acquiring an additional 2,023,222 shares during the period. UniSuper Management Pty Ltd grew its stake in EQT by 563.1% during the 1st quarter. UniSuper Management Pty Ltd now owns 29,102 shares of the oil and gas producer’s stock valued at $1,079,000 after acquiring an additional 24,713 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in EQT by 17.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 468,677 shares of the oil and gas producer’s stock valued at $17,374,000 after acquiring an additional 70,325 shares in the last quarter. Finally, Swedbank AB acquired a new position in shares of EQT in the 1st quarter valued at about $4,073,000. 90.81% of the stock is owned by hedge funds and other institutional investors.

EQT Trading Up 2.1 %

NYSE:EQT opened at $37.41 on Friday. The company’s 50 day moving average is $33.67 and its 200-day moving average is $36.59. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.33. EQT Co. has a 12 month low of $30.02 and a 12 month high of $45.23. The firm has a market cap of $16.52 billion, a price-to-earnings ratio of 27.11 and a beta of 1.06.

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

EQT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 6th will be paid 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 yield of 1.68%. EQT’s payout ratio is presently 45.65%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $45.00 price objective on shares of EQT in a research report on Friday, September 13th. UBS Group lowered their price target on shares of EQT from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Wednesday, September 18th. Citigroup upgraded EQT from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $37.00 to $44.00 in a report on Thursday, October 3rd. Wolfe Research began coverage on EQT in a research report on Thursday, July 18th. They set an “outperform” rating and a $51.00 price objective for the company. Finally, BMO Capital Markets upped their target price on EQT from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, EQT currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.18.

About 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.