Autumn Glory Partners LLC Acquires New Position in EQT Co. (NYSE:EQT)

Autumn Glory Partners LLC bought a new position in EQT Co. (NYSE:EQT) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 12,597 shares of the oil and gas producer’s stock, valued at approximately $468,000.

A number of other institutional investors have also modified their holdings of EQT. Cetera Investment Advisers purchased a new position in EQT during the 1st quarter worth $2,274,000. UniSuper Management Pty Ltd increased its stake in shares of EQT by 563.1% during the first quarter. UniSuper Management Pty Ltd now owns 29,102 shares of the oil and gas producer’s stock valued at $1,079,000 after buying an additional 24,713 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in EQT by 17.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 468,677 shares of the oil and gas producer’s stock worth $17,374,000 after acquiring an additional 70,325 shares during the period. Vanguard Group Inc. lifted its stake in EQT by 8.4% in the first quarter. Vanguard Group Inc. now owns 50,865,664 shares of the oil and gas producer’s stock worth $1,885,590,000 after acquiring an additional 3,942,802 shares during the period. Finally, Swedbank AB purchased a new position in EQT during the 1st quarter valued at about $4,073,000. 90.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on EQT. 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 research report on Monday, July 22nd. Bank of America assumed coverage on EQT in a report on Monday. They set a “buy” rating and a $50.00 target price for the company. JPMorgan Chase & Co. boosted their price target on EQT from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, September 26th. UBS Group dropped their price objective on EQT from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 18th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $45.00 target price on shares of EQT in a report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.61.

EQT Stock Performance

Shares of NYSE EQT opened at $37.31 on Tuesday. EQT Co. has a 1 year low of $30.02 and a 1 year high of $45.23. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.73 and a current ratio of 0.73. The company’s fifty day moving average price is $34.94 and its 200 day moving average price is $36.59. The company has a market capitalization of $16.48 billion, a PE ratio of 27.04 and a beta of 1.06.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th will be given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Wednesday, November 6th. EQT’s dividend payout ratio (DPR) is presently 45.65%.

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.