Orion Portfolio Solutions LLC Sells 4,964 Shares of EQT Co. (NYSE:EQT)

Orion Portfolio Solutions LLC lessened its holdings in shares of EQT Co. (NYSE:EQT) by 17.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,721 shares of the oil and gas producer’s stock after selling 4,964 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in EQT were worth $869,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Yaupon Capital Management LP purchased a new position in EQT in the 3rd quarter valued at approximately $48,003,000. DF Dent & Co. Inc. bought a new stake in shares of EQT during the 3rd quarter valued at $803,000. National Bank of Canada FI raised its stake in shares of EQT by 98.9% during the 3rd quarter. National Bank of Canada FI now owns 241,089 shares of the oil and gas producer’s stock valued at $8,833,000 after purchasing an additional 119,858 shares during the period. Brookfield Corp ON purchased a new stake in EQT during the 3rd quarter worth about $248,000. Finally, United Services Automobile Association boosted its stake in EQT by 23.1% in the 3rd quarter. United Services Automobile Association now owns 13,107 shares of the oil and gas producer’s stock worth $480,000 after purchasing an additional 2,460 shares during the period. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Insider Buying and Selling

In related news, Director Thomas F. Karam sold 30,154 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the completion of the transaction, the director now directly owns 201,608 shares in the company, valued at $9,038,086.64. The trade was a 13.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.63% of the stock is currently owned by company insiders.

EQT Stock Performance

Shares of NYSE:EQT opened at $45.59 on Monday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. EQT Co. has a 12 month low of $30.02 and a 12 month high of $48.02. The company has a market capitalization of $27.20 billion, a price-to-earnings ratio of 54.27 and a beta of 1.14. The firm’s 50-day moving average is $41.00 and its 200 day moving average is $37.41.

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 return on equity of 3.74% and a net margin of 5.52%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the business posted $0.30 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Research analysts predict that EQT Co. will post 1.37 EPS for the current year.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th were paid a $0.1575 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.63 annualized dividend and a yield of 1.38%. EQT’s dividend payout ratio (DPR) is presently 75.00%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Stephens increased their price target on shares of EQT from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Royal Bank of Canada reissued a “sector perform” rating and issued a $49.00 price target on shares of EQT in a report on Tuesday, December 3rd. BMO Capital Markets upped their price objective on shares of EQT from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Sanford C. Bernstein assumed coverage on shares of EQT in a report on Friday, December 6th. They issued a “market perform” rating and a $50.00 target price on the stock. Finally, Mizuho boosted their price objective on shares of EQT from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $46.11.

EQT Company 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.