Steward Partners Investment Advisory LLC Makes New Investment in EQT Co. (NYSE:EQT)

Steward Partners Investment Advisory LLC bought a new position in EQT Co. (NYSE:EQTGet Rating) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 903 shares of the oil and gas producer’s stock, valued at approximately $31,000.

Several other large investors also recently added to or reduced their stakes in the business. Forrestal Agricultural Corp bought a new stake in shares of EQT during the 4th quarter worth $183,175,000. Soroban Capital Partners LP bought a new stake in shares of EQT during the 4th quarter worth $157,875,000. Third Point LLC bought a new stake in shares of EQT during the 4th quarter worth $108,505,000. ANTIPODES PARTNERS Ltd boosted its holdings in EQT by 125.7% in the 1st quarter. ANTIPODES PARTNERS Ltd now owns 5,610,868 shares of the oil and gas producer’s stock valued at $193,069,000 after purchasing an additional 3,124,354 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in EQT by 62.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,392,531 shares of the oil and gas producer’s stock valued at $95,801,000 after purchasing an additional 1,687,746 shares during the period. 90.34% of the stock is owned by institutional investors.

EQT Trading Up 2.5 %

Shares of EQT stock opened at $42.28 on Friday. The stock has a market capitalization of $15.64 billion, a P/E ratio of -15.54, a price-to-earnings-growth ratio of 0.23 and a beta of 1.19. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.51. The company has a 50-day simple moving average of $40.54 and a 200 day simple moving average of $34.78. EQT Co. has a 12-month low of $15.71 and a 12-month high of $50.41.

EQT (NYSE:EQTGet Rating) last announced its earnings results on Wednesday, July 27th. The oil and gas producer reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.32. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.63 billion. The company’s revenue for the quarter was up 61.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.07 EPS. Research analysts expect that EQT Co. will post 3.72 earnings per share for the current fiscal year.

EQT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Tuesday, August 9th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Monday, August 8th. This is a boost from EQT’s previous quarterly dividend of $0.13. EQT’s dividend payout ratio (DPR) is presently -18.38%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on EQT shares. Tudor, Pickering, Holt & Co. raised shares of EQT from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Monday, April 11th. Scotiabank started coverage on shares of EQT in a report on Wednesday. They issued an “outperform” rating and a $54.00 price target for the company. Citigroup reissued a “buy” rating and issued a $48.00 price target on shares of EQT in a report on Thursday, July 21st. Piper Sandler increased their price target on shares of EQT from $58.00 to $59.00 and gave the company an “overweight” rating in a report on Friday, July 22nd. Finally, StockNews.com upgraded shares of EQT from a “sell” rating to a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, EQT has a consensus rating of “Moderate Buy” and an average target price of $52.83.

EQT Profile

(Get Rating)

EQT Corporation operates as a natural gas production company in the United States. The company produces natural gas, natural gas liquids (NGLs), including ethane, propane, isobutane, butane, and natural gasoline. As of December 31, 2021, it had 25.0 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 2.0 million gross acres, including 1.7 million gross acres in the Marcellus play.

Read More

Institutional Ownership by Quarter for EQT (NYSE:EQT)

Receive News & Ratings for EQT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT and related companies with MarketBeat.com's FREE daily email newsletter.