EverSource Wealth Advisors LLC Buys 205 Shares of EQT Co. (NYSE:EQT)

EverSource Wealth Advisors LLC lifted its stake in shares of EQT Co. (NYSE:EQT) by 26.6% during the fourth quarter, HoldingsChannel reports. The firm owned 976 shares of the oil and gas producer’s stock after acquiring an additional 205 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in EQT were worth $45,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in EQT. Atria Investments Inc bought a new stake in shares of EQT during the 3rd quarter worth approximately $201,000. Oppenheimer Asset Management Inc. raised its stake in EQT by 28.1% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 18,875 shares of the oil and gas producer’s stock valued at $692,000 after acquiring an additional 4,145 shares during the period. Oppenheimer & Co. Inc. raised its stake in EQT by 245.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 26,387 shares of the oil and gas producer’s stock valued at $967,000 after acquiring an additional 18,757 shares during the period. Natixis Advisors LLC raised its stake in EQT by 10.7% in the 3rd quarter. Natixis Advisors LLC now owns 177,904 shares of the oil and gas producer’s stock valued at $6,518,000 after acquiring an additional 17,233 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in EQT by 71.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 30,540 shares of the oil and gas producer’s stock valued at $1,119,000 after acquiring an additional 12,723 shares during the period. Institutional investors own 90.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EQT. StockNews.com upgraded EQT from a “sell” rating to a “hold” rating in a research note on Friday, March 14th. Mizuho upgraded EQT from a “neutral” rating to an “outperform” rating and increased their price target for the company from $48.00 to $57.00 in a research note on Monday, December 16th. Citigroup increased their price target on EQT from $51.00 to $60.00 and gave the company a “buy” rating in a research note on Monday. Stephens upgraded EQT from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $41.00 to $59.00 in a research note on Tuesday. Finally, Truist Financial upped their price objective on EQT from $41.00 to $56.00 and gave the company a “hold” rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, EQT currently has an average rating of “Moderate Buy” and an average price target of $54.50.

EQT Stock Performance

EQT opened at $53.54 on Thursday. The firm has a market cap of $31.99 billion, a P/E ratio of 133.85, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. EQT Co. has a 52-week low of $30.02 and a 52-week high of $56.66. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. The business’s fifty day moving average is $51.07 and its 200-day moving average is $43.92.

EQT (NYSE:EQT) last released its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.19. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. Sell-side analysts expect that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

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

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.