EQT Co. (NYSE:EQT) Position Lowered by Private Advisor Group LLC

Private Advisor Group LLC decreased its stake in shares of EQT Co. (NYSE:EQT) by 27.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 10,300 shares of the oil and gas producer’s stock after selling 3,934 shares during the quarter. Private Advisor Group LLC’s holdings in EQT were worth $475,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Alberta Investment Management Corp bought a new position in shares of EQT during the fourth quarter worth about $1,582,000. Global Retirement Partners LLC raised its stake in EQT by 86.3% during the fourth quarter. Global Retirement Partners LLC now owns 2,696 shares of the oil and gas producer’s stock worth $124,000 after acquiring an additional 1,249 shares during the period. Callahan Advisors LLC raised its stake in EQT by 2.0% during the fourth quarter. Callahan Advisors LLC now owns 335,946 shares of the oil and gas producer’s stock worth $15,490,000 after acquiring an additional 6,744 shares during the period. D.A. Davidson & CO. raised its stake in EQT by 13.4% during the fourth quarter. D.A. Davidson & CO. now owns 6,467 shares of the oil and gas producer’s stock worth $298,000 after acquiring an additional 762 shares during the period. Finally, Truist Financial Corp boosted its holdings in EQT by 18.0% during the fourth quarter. Truist Financial Corp now owns 28,638 shares of the oil and gas producer’s stock worth $1,321,000 after buying an additional 4,375 shares in the last quarter. Institutional investors own 90.81% of the company’s stock.

Wall Street Analyst Weigh In

EQT has been the subject of a number of research reports. The Goldman Sachs Group restated a “reduce” rating on shares of EQT in a report on Wednesday, February 12th. Scotiabank cut shares of EQT from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the stock from $55.00 to $54.00 in a report on Friday, January 17th. Wells Fargo & Company raised their price objective on shares of EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. UBS Group raised their price objective on shares of EQT from $54.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. raised their price objective on shares of EQT from $53.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, EQT currently has a consensus rating of “Hold” and an average price target of $52.39.

EQT Stock Up 1.2 %

EQT stock opened at $48.77 on Tuesday. The company has a market capitalization of $29.14 billion, a P/E ratio of 121.93, a P/E/G ratio of 0.64 and a beta of 1.08. The firm’s fifty day simple moving average is $50.26 and its 200-day simple moving average is $42.60. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. EQT Co. has a 1-year low of $30.02 and a 1-year high of $56.66.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.19. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. Sell-side analysts forecast that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.1575 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.29%. EQT’s dividend payout ratio is currently 157.50%.

EQT Company 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.