EQT Co. (NYSE:EQT) Shares Bought by Waldron Private Wealth LLC

Waldron Private Wealth LLC grew its holdings in EQT Co. (NYSE:EQT) by 8.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,072 shares of the oil and gas producer’s stock after purchasing an additional 2,912 shares during the period. Waldron Private Wealth LLC’s holdings in EQT were worth $1,358,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of EQT. Innealta Capital LLC acquired a new stake in shares of EQT in the second quarter valued at about $28,000. Hexagon Capital Partners LLC lifted its stake in EQT by 18,080.0% during the third quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 904 shares during the period. Wolff Wiese Magana LLC lifted its stake in EQT by 936.1% during the second quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer’s stock worth $37,000 after purchasing an additional 908 shares during the period. Blue Trust Inc. lifted its stake in EQT by 149.5% during the second quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock worth $37,000 after purchasing an additional 598 shares during the period. Finally, Rise Advisors LLC increased its holdings in shares of EQT by 224.8% during the third quarter. Rise Advisors LLC now owns 1,036 shares of the oil and gas producer’s stock worth $38,000 after buying an additional 717 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

EQT Stock Down 0.8 %

NYSE:EQT traded down $0.28 on Tuesday, reaching $36.08. 3,128,266 shares of the stock traded hands, compared to its average volume of 7,037,069. The company has a market capitalization of $15.93 billion, a price-to-earnings ratio of 26.35 and a beta of 1.06. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.33. EQT Co. has a 12 month low of $30.02 and a 12 month high of $45.23. The company’s fifty day simple moving average is $34.47 and its 200 day simple moving average is $36.61.

EQT (NYSE:EQT) last announced its quarterly earnings results on Tuesday, July 23rd. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.12. The firm had revenue of $952.51 million for the quarter, compared to the consensus estimate of $1.06 billion. EQT had a net margin of 12.45% and a return on equity of 4.52%. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.17) EPS. Equities analysts predict that EQT Co. will post 1.37 EPS for the current fiscal year.

EQT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 6th will be issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Wednesday, November 6th. EQT’s payout ratio is 45.65%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Truist Financial lowered their price target on shares of EQT from $36.00 to $32.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Mizuho cut their price objective on shares of EQT from $43.00 to $41.00 and set a “neutral” rating on the stock in a research report on Friday, October 4th. Wolfe Research initiated coverage on shares of EQT in a research report on Thursday, July 18th. They issued an “outperform” rating and a $51.00 price objective on the stock. Morgan Stanley reissued an “overweight” rating and issued a $45.00 price objective on shares of EQT in a research note on Friday, September 13th. Finally, Piper Sandler cut shares of EQT from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $43.00 to $32.00 in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $42.18.

EQT Company 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.