Creative Planning grew its holdings in EQT Co. (NYSE:EQT – Free Report) by 9.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,544 shares of the oil and gas producer’s stock after purchasing an additional 4,088 shares during the period. Creative Planning’s holdings in EQT were worth $1,914,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Ahrens Investment Partners LLC purchased a new position in shares of EQT in the 1st quarter worth $29,000. City Holding Co. purchased a new position in shares of EQT in the 1st quarter worth $32,000. Zullo Investment Group Inc. boosted its stake in shares of EQT by 258.6% in the 4th quarter. Zullo Investment Group Inc. now owns 1,040 shares of the oil and gas producer’s stock worth $35,000 after buying an additional 750 shares during the last quarter. Belpointe Asset Management LLC boosted its stake in shares of EQT by 270.0% in the 1st quarter. Belpointe Asset Management LLC now owns 1,258 shares of the oil and gas producer’s stock worth $40,000 after buying an additional 918 shares during the last quarter. Finally, Clearstead Advisors LLC purchased a new position in shares of EQT in the 3rd quarter worth $41,000. Institutional investors own 99.44% of the company’s stock.
EQT Trading Down 1.3 %
Shares of EQT stock opened at $43.52 on Thursday. EQT Co. has a 12-month low of $28.10 and a 12-month high of $44.98. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The stock’s 50-day moving average price is $42.00 and its 200-day moving average price is $38.34. The stock has a market capitalization of $15.74 billion, a price-to-earnings ratio of 4.90, a price-to-earnings-growth ratio of 1.09 and a beta of 1.22.
EQT Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Wednesday, August 9th were issued a $0.15 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $0.60 annualized dividend and a dividend yield of 1.38%. EQT’s dividend payout ratio (DPR) is 6.75%.
Insider Transactions at EQT
In other EQT news, major shareholder S Wil Vanloh, Jr. sold 20,000,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $41.40, for a total transaction of $828,000,000.00. Following the sale, the insider now directly owns 23,946,108 shares of the company’s stock, valued at $991,368,871.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.53% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the company. Tudor Pickering upgraded EQT from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $48.00 target price on shares of EQT in a research report on Wednesday, August 23rd. Mizuho lowered their target price on EQT from $52.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, September 18th. Tudor, Pickering, Holt & Co. upgraded EQT from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Finally, Morgan Stanley lifted their target price on EQT from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $47.00.
View Our Latest Analysis on EQT
EQT Profile
EQT Corporation operates as a natural gas production company in the United States. As of December 31, 2022, it had 25.0 trillion cubic feet of proved natural gas, natural gas liquids, and crude oil reserves across approximately 2.0 million gross acres, including 1.8 million gross acres in the Marcellus play.
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