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

Atria Wealth Solutions Inc. grew its holdings in EQT Co. (NYSE:EQT) by 18.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,387 shares of the oil and gas producer’s stock after purchasing an additional 1,291 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in EQT were worth $324,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Wellington Management Group LLP raised its stake in EQT by 61.9% during 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. Vanguard Group Inc. raised its position in shares of EQT by 8.6% during 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 buying an additional 3,539,661 shares during the period. Los Angeles Capital Management LLC lifted its holdings in EQT by 4,257.7% in the third quarter. Los Angeles Capital Management LLC now owns 800,066 shares of the oil and gas producer’s stock valued at $32,467,000 after acquiring an additional 781,706 shares during the last quarter. Fiera Capital Corp purchased a new position in EQT in the third quarter worth approximately $28,017,000. Finally, Cookson Peirce & Co. Inc. acquired a new stake in EQT during the third quarter worth $23,320,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

EQT Trading Down 1.3 %

NYSE EQT opened at $40.50 on Wednesday. The firm has a 50 day moving average of $36.98 and a two-hundred day moving average of $37.75. EQT Co. has a 52 week low of $31.58 and a 52 week high of $45.23. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $17.88 billion, a PE ratio of 29.35 and a beta of 1.09.

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, topping the consensus estimate of $0.65 by $0.17. EQT had a net margin of 10.96% and a return on equity of 4.57%. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the company posted $1.70 earnings per share. The firm’s revenue for the quarter was down 28.8% on a year-over-year basis. As a group, research analysts expect that EQT Co. will post 1.14 EPS for the current fiscal year.

EQT Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on EQT. Truist Financial cut their price objective on EQT from $37.00 to $35.00 and set a “hold” rating for the company in a research report on Friday, April 5th. Wells Fargo & Company downgraded shares of EQT from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $48.00 to $37.00 in a research note on Wednesday, April 17th. Jefferies Financial Group increased their price objective on shares of EQT from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. TD Cowen initiated coverage on EQT in a research note on Friday, April 19th. They set a “hold” rating and a $43.00 price target on the stock. Finally, Mizuho boosted their price objective on EQT from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, April 26th. One research 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. According to data from MarketBeat.com, EQT presently has a consensus rating of “Hold” and a consensus price target 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.