Farther Finance Advisors LLC Purchases 410 Shares of EQT Co. (NYSE:EQT)

Farther Finance Advisors LLC lifted its position in shares of EQT Co. (NYSE:EQT) by 10.2% in the 4th quarter, Holdings Channel reports. The fund owned 4,447 shares of the oil and gas producer’s stock after buying an additional 410 shares during the quarter. Farther Finance Advisors LLC’s holdings in EQT were worth $205,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in shares of EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock worth $45,000 after acquiring an additional 205 shares during the period. Sequoia Financial Advisors LLC bought a new position in EQT in the 4th quarter worth about $255,000. Wealth High Governance Capital Ltda bought a new position in EQT in the 4th quarter worth about $8,606,000. Moors & Cabot Inc. boosted its stake in EQT by 3.6% in the 4th quarter. Moors & Cabot Inc. now owns 15,295 shares of the oil and gas producer’s stock worth $705,000 after purchasing an additional 529 shares during the period. Finally, Net Worth Advisory Group boosted its stake in EQT by 27.5% in the 4th quarter. Net Worth Advisory Group now owns 20,519 shares of the oil and gas producer’s stock worth $946,000 after purchasing an additional 4,425 shares during the period. Institutional investors own 90.81% of the company’s stock.

EQT Stock Performance

Shares of NYSE EQT opened at $53.54 on Thursday. The stock has a market cap of $31.99 billion, a price-to-earnings ratio of 133.85, 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 1-year low of $30.02 and a 1-year high of $56.66. The stock’s 50-day moving average is $51.07 and its 200 day moving average is $43.92.

EQT (NYSE:EQT) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. On average, sell-side analysts anticipate that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a $0.1575 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a yield of 1.18%. EQT’s dividend payout ratio (DPR) is currently 157.50%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on EQT. The Goldman Sachs Group restated a “reduce” rating on shares of EQT in a research note on Wednesday, February 12th. Morgan Stanley raised their target price on EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Truist Financial raised their price target on EQT from $41.00 to $56.00 and gave the company a “hold” rating in a report on Monday, January 13th. Citigroup raised their price target on EQT from $51.00 to $60.00 and gave the company a “buy” rating in a report on Monday. Finally, Jefferies Financial Group raised their price target on EQT from $45.00 to $55.00 and gave the company a “buy” rating in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.50.

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.