EQT Co. (NYSE:EQT) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers raised its stake in shares of EQT Co. (NYSE:EQT) by 5.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,870 shares of the oil and gas producer’s stock after purchasing an additional 3,536 shares during the quarter. Cetera Investment Advisers’ holdings in EQT were worth $2,399,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in EQT. Truist Financial Corp lifted its stake in EQT by 18.0% during the 2nd quarter. Truist Financial Corp now owns 21,399 shares of the oil and gas producer’s stock valued at $791,000 after acquiring an additional 3,261 shares during the period. Creative Planning boosted its holdings in EQT by 12.0% in the second quarter. Creative Planning now owns 51,655 shares of the oil and gas producer’s stock valued at $1,910,000 after purchasing an additional 5,542 shares during the last quarter. Magnolia Capital Advisors LLC purchased a new stake in EQT in the second quarter valued at $1,577,000. Susquehanna Fundamental Investments LLC acquired a new stake in EQT during the 2nd quarter worth about $17,666,000. Finally, Scientech Research LLC purchased a new position in shares of EQT during the 2nd quarter valued at about $498,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on EQT shares. Wolfe Research began coverage on EQT in a research report on Thursday, July 18th. They set an “outperform” rating and a $51.00 price target for the company. Morgan Stanley reiterated an “overweight” rating and issued a $45.00 target price on shares of EQT in a research note on Friday, September 13th. StockNews.com upgraded shares of EQT to a “sell” rating in a research report on Friday, July 26th. UBS Group decreased their price objective on shares of EQT from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Wednesday, September 18th. Finally, Mizuho dropped their target price on EQT from $43.00 to $41.00 and set a “neutral” rating on the stock in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.18.

EQT Stock Up 2.2 %

Shares of NYSE:EQT opened at $37.41 on Friday. The company has a market capitalization of $16.52 billion, a price-to-earnings ratio of 27.11 and a beta of 1.06. EQT Co. has a 12-month low of $30.02 and a 12-month high of $45.23. The business has a 50-day moving average price of $33.79 and a 200 day moving average price of $36.62. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.33.

EQT (NYSE:EQT) last announced its quarterly earnings results on Tuesday, July 23rd. The oil and gas producer reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.12. EQT had a net margin of 12.45% and a return on equity of 4.52%. The business had revenue of $952.51 million during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the business earned ($0.17) earnings per share. The business’s revenue for the quarter was down 6.5% on a year-over-year basis. Sell-side analysts expect that EQT Co. will post 1.37 EPS for the current year.

EQT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be given a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.68%. The ex-dividend date is Wednesday, November 6th. EQT’s dividend payout ratio is currently 45.65%.

About EQT

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.