Net Worth Advisory Group Buys 4,425 Shares of EQT Co. (NYSE:EQT)

Net Worth Advisory Group raised its stake in EQT Co. (NYSE:EQT) by 27.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,519 shares of the oil and gas producer’s stock after acquiring an additional 4,425 shares during the period. Net Worth Advisory Group’s holdings in EQT were worth $946,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of EQT. Wellington Management Group LLP boosted its stake in EQT by 38.7% in the third quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer’s stock worth $2,716,968,000 after purchasing an additional 20,700,921 shares in the last quarter. State Street Corp boosted its stake in EQT by 24.5% in the third quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer’s stock worth $1,359,183,000 after purchasing an additional 7,290,822 shares in the last quarter. Geode Capital Management LLC boosted its stake in EQT by 34.4% in the third quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer’s stock worth $511,159,000 after purchasing an additional 3,582,418 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in EQT by 386.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,347,660 shares of the oil and gas producer’s stock worth $205,830,000 after purchasing an additional 3,454,741 shares in the last quarter. Finally, Holocene Advisors LP acquired a new position in EQT in the third quarter worth $97,979,000. 90.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on EQT. UBS Group boosted their price objective on EQT from $54.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. Wells Fargo & Company boosted their price objective on EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Morgan Stanley upped their price target on EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Piper Sandler upped their price target on EQT from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, March 6th. Finally, Citigroup lowered EQT from a “buy” rating to a “reduce” rating in a research note on Wednesday, March 5th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $52.44.

EQT Trading Up 1.2 %

NYSE EQT opened at $47.55 on Tuesday. The stock has a 50-day simple moving average of $50.59 and a 200 day simple moving average of $43.13. The company has a market capitalization of $28.41 billion, a PE ratio of 118.88, a P/E/G ratio of 0.64 and a beta of 1.12. 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 12 month low of $30.02 and a 12 month high of $56.66.

EQT (NYSE:EQT) last announced its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) 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 company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. Research analysts forecast that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $0.1575 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 annualized dividend and a dividend yield of 1.32%. EQT’s dividend payout ratio (DPR) is currently 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.