Truist Financial Corp lowered its position in EQT Co. (NYSE:EQT – Get Rating) by 16.9% during the third quarter, Holdings Channel reports. The firm owned 26,734 shares of the oil and gas producer’s stock after selling 5,419 shares during the period. Truist Financial Corp’s holdings in EQT were worth $1,089,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of EQT. Kathleen S. Wright Associates Inc. acquired a new position in shares of EQT in the 2nd quarter worth approximately $32,000. First Command Bank acquired a new position in shares of EQT in the 2nd quarter worth approximately $46,000. Penserra Capital Management LLC acquired a new position in shares of EQT in the 1st quarter worth approximately $47,000. Allworth Financial LP lifted its position in shares of EQT by 925.2% in the 3rd quarter. Allworth Financial LP now owns 1,261 shares of the oil and gas producer’s stock worth $51,000 after purchasing an additional 1,138 shares during the period. Finally, CoreCap Advisors LLC acquired a new position in shares of EQT in the 2nd quarter worth approximately $61,000. Institutional investors and hedge funds own 97.60% of the company’s stock.
EQT Price Performance
EQT opened at $33.93 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market capitalization of $12.45 billion, a price-to-earnings ratio of 7.51, a P/E/G ratio of 0.07 and a beta of 1.21. The firm’s fifty day moving average price is $37.46 and its two-hundred day moving average price is $41.01. EQT Co. has a 1 year low of $19.20 and a 1 year high of $51.97.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on EQT. TD Securities dropped their price target on shares of EQT from $62.00 to $61.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Wolfe Research upgraded shares of EQT from a “peer perform” rating to an “outperform” rating and set a $59.00 price objective for the company in a research note on Wednesday, December 14th. Piper Sandler lifted their price objective on shares of EQT from $62.00 to $63.00 and gave the company an “overweight” rating in a research note on Thursday, November 17th. Credit Suisse Group lowered their price objective on shares of EQT to $60.00 in a research note on Tuesday, November 1st. Finally, Royal Bank of Canada lowered their price objective on shares of EQT from $57.00 to $55.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.41.
Insiders Place Their Bets
In other EQT news, EVP William E. Jordan sold 98,783 shares of EQT stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $41.55, for a total transaction of $4,104,433.65. Following the transaction, the executive vice president now directly owns 297,787 shares of the company’s stock, valued at approximately $12,373,049.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.48% of the company’s stock.
EQT Company Profile
EQT Corp. is a natural gas production company engaged in the supplying, transmitting, and distribution of natural gas. It has operations in the Marcellus and Utica Shales of the Appalachian Basin. The company was founded in 1888 and is headquartered in Pittsburgh, PA.
- Get a free copy of the StockNews.com research report on EQT (EQT)
- Exxon Mobil Stock: Within Striking Distance Of Buy Point
- High-Dividend-Yielding BHP Sees China Driving ’23 Growth
- Is Airbnb Setting Up To Rally 38%, As Analysts Are Forecasting?
- Does a Price Cut for Tesla Vehicles Mean the Same for TSLA Stock?
- Microsoft Layoffs Signal Layoffs for Other Tech Companies?
Receive News & Ratings for EQT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT and related companies with MarketBeat.com's FREE daily email newsletter.