7,263 Shares in EQT Co. (NYSE:EQT) Purchased by Global Assets Advisory LLC

Global Assets Advisory LLC acquired a new stake in shares of EQT Co. (NYSE:EQT) in the third quarter, Holdings Channel reports. The firm acquired 7,263 shares of the oil and gas producer’s stock, valued at approximately $263,000.

Several other large investors also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its holdings in shares of EQT by 22.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 64,877,405 shares of the oil and gas producer’s stock valued at $2,405,007,000 after acquiring an additional 11,993,729 shares in the last quarter. Vanguard Group Inc. increased its position in EQT by 8.4% during the 1st quarter. Vanguard Group Inc. now owns 50,865,664 shares of the oil and gas producer’s stock valued at $1,885,590,000 after purchasing an additional 3,942,802 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of EQT by 2.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 20,348,475 shares of the oil and gas producer’s stock valued at $752,487,000 after purchasing an additional 464,781 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of EQT by 2.9% in the 2nd quarter. Clearbridge Investments LLC now owns 9,084,686 shares of the oil and gas producer’s stock valued at $335,952,000 after purchasing an additional 253,186 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of EQT by 19.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,224,784 shares of the oil and gas producer’s stock worth $156,243,000 after purchasing an additional 697,824 shares during the period. 90.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EQT has been the subject of a number of recent research reports. Truist Financial reduced their price objective on shares of EQT from $36.00 to $32.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Wolfe Research began coverage on EQT in a research report on Thursday, July 18th. They issued an “outperform” rating and a $51.00 price target for the company. Stephens dropped their price objective on EQT from $47.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. StockNews.com upgraded EQT to a “sell” rating in a research note on Friday, July 26th. Finally, UBS Group decreased their price target on shares of EQT from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Wednesday, September 18th. 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $42.18.

EQT Trading Up 2.1 %

NYSE EQT opened at $36.96 on Friday. EQT Co. has a 12-month low of $30.02 and a 12-month high of $45.23. The company has a fifty day simple moving average of $34.66 and a two-hundred day simple moving average of $36.60. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.33. The stock has a market cap of $16.32 billion, a P/E ratio of 26.78 and a beta of 1.06.

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

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th will be paid a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Wednesday, November 6th. EQT’s payout ratio is 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.