Atria Investments Inc Increases Stake in EQT Co. (NYSE:EQT)

Atria Investments Inc boosted its stake in shares of EQT Co. (NYSE:EQT) by 35.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,460 shares of the oil and gas producer’s stock after purchasing an additional 1,961 shares during the period. Atria Investments Inc’s holdings in EQT were worth $344,000 at the end of the most recent reporting period.

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

EQT Price Performance

EQT stock opened at $50.71 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. The company’s fifty day moving average price is $50.82 and its 200 day moving average price is $43.59. The stock has a market capitalization of $30.30 billion, a P/E ratio of 126.79, a P/E/G ratio of 0.64 and a beta of 1.12. EQT Co. has a 1 year low of $30.02 and a 1 year high of $56.66.

EQT (NYSE:EQT) last released its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.19. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. As a group, equities research analysts anticipate that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $0.1575 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 annualized dividend and a dividend yield of 1.24%. EQT’s dividend payout ratio (DPR) is presently 157.50%.

Analyst Upgrades and Downgrades

EQT has been the topic of several research reports. Sanford C. Bernstein upgraded shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price target on the stock in a report on Wednesday, January 15th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $49.00 price objective on shares of EQT in a research note on Monday, January 6th. JPMorgan Chase & Co. raised their target price on shares of EQT from $58.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday. Citigroup downgraded EQT from a “buy” rating to a “reduce” rating in a research report on Wednesday, March 5th. Finally, Piper Sandler boosted their price objective on EQT from $35.00 to $36.00 and gave the company a “neutral” rating in a report on Thursday, March 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $52.56.

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.