EQT Co. (NYSE:EQT) Shares Bought by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lifted its position in shares of EQT Co. (NYSE:EQT) by 18.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,387 shares of the oil and gas producer’s stock after acquiring an additional 1,291 shares during the period. Atria Wealth Solutions Inc.’s holdings in EQT were worth $324,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Compound Global Advisors LLC boosted its holdings in shares of EQT by 130.2% in the 4th quarter. Compound Global Advisors LLC now owns 409,545 shares of the oil and gas producer’s stock valued at $15,833,000 after buying an additional 231,651 shares during the period. Jennison Associates LLC lifted its holdings in EQT by 50.5% in the fourth quarter. Jennison Associates LLC now owns 231,335 shares of the oil and gas producer’s stock worth $8,943,000 after acquiring an additional 77,663 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in EQT by 14.1% in the fourth quarter. Wedge Capital Management L L P NC now owns 511,988 shares of the oil and gas producer’s stock valued at $19,793,000 after acquiring an additional 63,190 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of EQT by 212.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 174,346 shares of the oil and gas producer’s stock worth $6,740,000 after purchasing an additional 118,482 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of EQT by 8.6% in the 3rd quarter. Vanguard Group Inc. now owns 44,899,640 shares of the oil and gas producer’s stock worth $1,822,027,000 after purchasing an additional 3,539,661 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors.

EQT Stock Performance

Shares of EQT opened at $40.50 on Wednesday. EQT Co. has a 12-month low of $31.58 and a 12-month high of $45.23. The stock has a market capitalization of $17.88 billion, a P/E ratio of 29.35 and a beta of 1.09. The firm’s 50 day moving average is $36.98 and its 200-day moving average is $37.75. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.88.

EQT (NYSE:EQT) last posted its quarterly earnings results on Tuesday, April 23rd. The oil and gas producer reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.17. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.58 billion. EQT had a return on equity of 4.57% and a net margin of 10.96%. The firm’s revenue was down 28.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 earnings per share. Equities research analysts anticipate that EQT Co. will post 1.14 EPS for the current fiscal year.

EQT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 8th will be paid a $0.1575 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.63 dividend on an annualized basis and a yield of 1.56%. EQT’s dividend payout ratio is currently 45.65%.

Analyst Upgrades and Downgrades

EQT has been the topic of several analyst reports. StockNews.com raised EQT to a “sell” rating in a research report on Tuesday, March 12th. Stephens lifted their price objective on shares of EQT from $46.00 to $47.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 24th. The Goldman Sachs Group decreased their target price on shares of EQT from $48.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, April 2nd. Morgan Stanley lifted their price target on EQT from $37.00 to $49.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. Finally, Sanford C. Bernstein raised EQT from an “underperform” rating to a “market perform” rating and increased their price objective for the stock from $27.00 to $34.00 in a report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $44.56.

EQT 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.