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Headlines
- Franklin Resources increases stake in EQT Co.
- Institutional investors make notable changes to EQT holdings.
- EQT's stock sees growing institutional interest and investments.
Franklin Resources Increases Stake in EQT Co.
Franklin Resources Inc. has significantly boosted its stake in EQT Co. (NYSE:EQT). The firm grew its holdings by over 120% during the third quarter. After acquiring an additional 173,596 shares, Franklin Resources now holds a total of 316,945 shares in the oil and gas producer. This increased position is valued at approximately $11.6 million as of the latest reporting period.
Institutional Investors and Hedge Funds Adjust Positions
In addition to Franklin Resources, other institutional investors and hedge funds have also made adjustments to their positions in EQT. HM Payson & Co. initiated a new position in EQT, contributing $25,000 in the third quarter. Innealta Capital LLC also entered the market with a new position valued at $28,000. Meanwhile, Truvestments Capital LLC added $30,000 to its stake in the company.
Hexagon Capital and Quarry LP Make Large Additions
Hexagon Capital Partners LLC raised its holdings in EQT by an impressive 18,000%, acquiring a total of 909 shares during the third quarter. Quarry LP similarly increased its investment in EQT by over 180%, now owning 891 shares valued at $33,000. Collectively, institutional investors and hedge funds hold more than 90% of the company's stock, reflecting continued confidence in EQT's prospects.
