EQT Co. (NYSE:EQT) Stock Holdings Raised by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC increased its position in EQT Co. (NYSE:EQT) by 15.9% in the fourth quarter, Holdings Channel reports. The firm owned 6,011 shares of the oil and gas producer’s stock after purchasing an additional 823 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in EQT were worth $232,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased 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 valued at $1,822,027,000 after acquiring an additional 3,539,661 shares during the last quarter. Wellington Management Group LLP boosted its holdings in EQT by 61.9% in the third quarter. Wellington Management Group LLP now owns 19,687,594 shares of the oil and gas producer’s stock worth $798,923,000 after purchasing an additional 7,526,875 shares during the period. Northern Trust Corp boosted its holdings in EQT by 8.9% in the third quarter. Northern Trust Corp now owns 3,657,338 shares of the oil and gas producer’s stock worth $148,415,000 after purchasing an additional 300,326 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in EQT by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,345,714 shares of the oil and gas producer’s stock worth $135,769,000 after purchasing an additional 77,282 shares during the period. Finally, Barclays PLC boosted its holdings in EQT by 16.3% in the third quarter. Barclays PLC now owns 1,847,603 shares of the oil and gas producer’s stock worth $74,979,000 after purchasing an additional 258,848 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Price Performance

Shares of EQT stock opened at $40.02 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average price is $37.11 and its two-hundred day moving average price is $37.78. EQT Co. has a 52 week low of $31.58 and a 52 week high of $45.23. The stock has a market cap of $17.67 billion, a PE ratio of 29.00 and a beta of 1.09.

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

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 8th will be paid a dividend of $0.1575 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.63 annualized dividend and a yield of 1.57%. EQT’s dividend payout ratio (DPR) is presently 45.65%.

Analyst Ratings Changes

A number of equities analysts have commented on EQT shares. The Goldman Sachs Group decreased their price objective on shares of EQT from $48.00 to $43.00 and set a “buy” rating for the company in a report on Tuesday, April 2nd. Morgan Stanley boosted their price target on shares of EQT from $37.00 to $49.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. Truist Financial reduced their price target on shares of EQT from $37.00 to $35.00 and set a “hold” rating for the company in a report on Friday, April 5th. Scotiabank boosted their price target on shares of EQT from $52.00 to $54.00 and gave the company a “sector outperform” rating in a report on Thursday. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $46.00 price target on shares of EQT in a report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $44.69.

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.