Whalen Wealth Management Inc. Boosts Position in EQT Co. (NYSE:EQT)

Whalen Wealth Management Inc. raised its stake in EQT Co. (NYSE:EQT) by 153.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,696 shares of the oil and gas producer’s stock after buying an additional 17,353 shares during the period. EQT comprises 0.7% of Whalen Wealth Management Inc.’s holdings, making the stock its 27th biggest holding. Whalen Wealth Management Inc.’s holdings in EQT were worth $1,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. HM Payson & Co. purchased a new stake in shares of EQT in the third quarter valued at approximately $25,000. Innealta Capital LLC purchased a new stake in shares of EQT in the 2nd quarter worth $28,000. Hexagon Capital Partners LLC increased its stake in shares of EQT by 18,080.0% during the third quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 904 shares during the period. Blue Trust Inc. raised its holdings 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. Finally, Wolff Wiese Magana LLC raised its holdings 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 acquiring an additional 908 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EQT has been the topic of a number of research reports. Morgan Stanley reissued an “overweight” rating and set a $45.00 target price on shares of EQT in a research report on Friday, September 13th. Citigroup upgraded EQT from a “neutral” rating to a “buy” rating and upped their target price for the stock from $37.00 to $44.00 in a report on Thursday, October 3rd. Stephens lifted their price target on EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. BMO Capital Markets upped their price objective on EQT from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Finally, UBS Group lifted their target price on EQT from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $42.83.

EQT Stock Up 3.7 %

EQT stock opened at $44.28 on Tuesday. The business’s 50-day simple moving average is $36.91 and its two-hundred day simple moving average is $36.77. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51. The company has a market cap of $26.42 billion, a PE ratio of 52.71 and a beta of 1.06. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $44.62.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share 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 company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the company earned $0.30 EPS. EQT’s quarterly revenue was up 8.2% on a year-over-year basis. Equities analysts anticipate that EQT Co. will post 1.28 EPS for the current year.

EQT Announces Dividend

The firm 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. 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 1.42%. EQT’s dividend payout ratio is presently 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.