Huntington National Bank Grows Position in EQT Co. (NYSE:EQT)

Huntington National Bank lifted its position in EQT Co. (NYSE:EQTFree Report) by 20.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,792 shares of the oil and gas producer’s stock after acquiring an additional 299 shares during the period. Huntington National Bank’s holdings in EQT were worth $73,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in EQT. Capital World Investors bought a new stake in shares of EQT in the 1st quarter worth approximately $497,156,000. Renaissance Technologies LLC lifted its holdings in shares of EQT by 6,029.6% in the 1st quarter. Renaissance Technologies LLC now owns 6,424,264 shares of the oil and gas producer’s stock worth $221,059,000 after purchasing an additional 6,319,457 shares during the last quarter. PointState Capital LP bought a new stake in shares of EQT in the 1st quarter worth approximately $163,646,000. Clearbridge Investments LLC lifted its holdings in shares of EQT by 66.1% in the 1st quarter. Clearbridge Investments LLC now owns 11,115,761 shares of the oil and gas producer’s stock worth $382,493,000 after purchasing an additional 4,423,003 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of EQT by 22.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 16,939,712 shares of the oil and gas producer’s stock worth $696,730,000 after purchasing an additional 3,125,927 shares during the last quarter. Institutional investors and hedge funds own 99.44% of the company’s stock.

EQT Stock Up 1.8 %

Shares of EQT stock opened at $34.94 on Tuesday. EQT Co. has a 1 year low of $28.10 and a 1 year high of $45.23. The stock has a market cap of $14.37 billion, a PE ratio of 4.72, a price-to-earnings-growth ratio of 0.90 and a beta of 1.12. The business’s fifty day moving average is $37.01 and its 200-day moving average is $40.08. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 0.59.

EQT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Friday, February 16th. EQT’s dividend payout ratio (DPR) is presently 8.51%.

Analyst Ratings Changes

EQT has been the topic of several recent research reports. Piper Sandler cut their price target on EQT from $52.00 to $49.00 and set an “overweight” rating on the stock in a report on Wednesday, January 24th. Wells Fargo & Company lifted their target price on EQT from $51.00 to $53.00 and gave the company an “overweight” rating in a research note on Wednesday, November 22nd. Morgan Stanley lifted their target price on EQT from $38.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, November 29th. StockNews.com downgraded EQT from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $48.00 target price on shares of EQT in a research note on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, EQT currently has a consensus rating of “Hold” and a consensus target price of $45.86.

Check Out Our Latest Stock Analysis on EQT

EQT Company Profile

(Free Report)

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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Institutional Ownership by Quarter for EQT (NYSE:EQT)

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