EQT Co. (NYSE:EQT) Shares Bought by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC increased its position in EQT Co. (NYSE:EQT) by 287.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,737 shares of the oil and gas producer’s stock after acquiring an additional 4,997 shares during the period. Steward Partners Investment Advisory LLC’s holdings in EQT were worth $311,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of EQT. Parkside Financial Bank & Trust grew its stake in EQT by 22.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock worth $48,000 after buying an additional 193 shares during the period. Wilmington Savings Fund Society FSB grew its position in shares of EQT by 4.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer’s stock worth $218,000 after acquiring an additional 223 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of EQT by 15.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer’s stock worth $79,000 after acquiring an additional 236 shares during the last quarter. Radnor Capital Management LLC grew its position in EQT by 0.4% in the 4th quarter. Radnor Capital Management LLC now owns 60,948 shares of the oil and gas producer’s stock valued at $2,810,000 after buying an additional 237 shares in the last quarter. Finally, Waldron Private Wealth LLC grew its position in EQT by 0.7% in the 4th quarter. Waldron Private Wealth LLC now owns 37,323 shares of the oil and gas producer’s stock valued at $1,721,000 after buying an additional 251 shares in the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on EQT. Scotiabank lowered shares of EQT from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the company from $55.00 to $54.00 in a research report on Friday, January 17th. Piper Sandler increased their price objective on EQT from $35.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, March 6th. Morgan Stanley increased their price target on EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Truist Financial boosted their price target on shares of EQT from $41.00 to $56.00 and gave the company a “hold” rating in a report on Monday, January 13th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $49.00 target price on shares of EQT in a research note on Monday, January 6th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, EQT presently has an average rating of “Hold” and a consensus target price of $52.56.

EQT Trading Down 0.4 %

Shares of EQT stock opened at $48.76 on Friday. The company has a market cap of $29.13 billion, a P/E ratio of 121.90, a PEG ratio of 0.64 and a beta of 1.12. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $56.66. The stock has a 50 day simple moving average of $50.74 and a two-hundred day simple moving average of $43.32. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70.

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

EQT Announces Dividend

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

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.