Private Advisor Group LLC Acquires 1,748 Shares of EQT Co. (NYSE:EQT)

Private Advisor Group LLC lifted its holdings in shares of EQT Co. (NYSE:EQT) by 14.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 14,234 shares of the oil and gas producer’s stock after buying an additional 1,748 shares during the quarter. Private Advisor Group LLC’s holdings in EQT were worth $522,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in EQT. Cetera Investment Advisers bought a new stake in EQT in the 1st quarter worth $2,274,000. UniSuper Management Pty Ltd grew its holdings in EQT by 563.1% in the 1st quarter. UniSuper Management Pty Ltd now owns 29,102 shares of the oil and gas producer’s stock worth $1,079,000 after acquiring an additional 24,713 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in EQT by 17.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 468,677 shares of the oil and gas producer’s stock worth $17,374,000 after acquiring an additional 70,325 shares during the last quarter. Vanguard Group Inc. grew its holdings in EQT by 8.4% in the 1st quarter. Vanguard Group Inc. now owns 50,865,664 shares of the oil and gas producer’s stock worth $1,885,590,000 after acquiring an additional 3,942,802 shares during the last quarter. Finally, Swedbank AB bought a new stake in EQT in the 1st quarter worth $4,073,000. Institutional investors own 90.81% of the company’s stock.

EQT Stock Up 3.3 %

Shares of EQT stock opened at $36.80 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.73 and a current ratio of 0.51. The stock has a market capitalization of $16.25 billion, a PE ratio of 43.81 and a beta of 1.06. EQT Co. has a 52-week low of $30.02 and a 52-week high of $44.47. The company has a 50-day simple moving average of $35.31 and a two-hundred day simple moving average of $36.61.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.06. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 earnings per share. On average, analysts anticipate that EQT Co. will post 1.42 EPS for the current fiscal year.

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th will be issued a dividend of $0.1575 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.63 annualized dividend and a dividend yield of 1.71%. EQT’s payout ratio is 75.00%.

Analysts Set New Price Targets

EQT has been the topic of a number of recent analyst reports. StockNews.com raised shares of EQT to a “sell” rating in a report on Friday, July 26th. Stephens lifted their target price on shares of EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Truist Financial cut their target price on shares of EQT from $36.00 to $32.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Piper Sandler lifted their target price on shares of EQT from $32.00 to $34.00 and gave the company a “neutral” rating in a research note on Monday. Finally, UBS Group lifted their target price on shares of EQT from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.61.

EQT 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.