Great Valley Advisor Group Inc. Purchases Shares of 5,693 EQT Co. (NYSE:EQT)

Great Valley Advisor Group Inc. acquired a new position in EQT Co. (NYSE:EQT) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,693 shares of the oil and gas producer’s stock, valued at approximately $209,000.

A number of other institutional investors also recently made changes to their positions in EQT. HM Payson & Co. bought a new position in EQT during the 3rd quarter worth approximately $25,000. Innealta Capital LLC purchased a new position in shares of EQT in the second quarter worth $28,000. Hexagon Capital Partners LLC raised its holdings in EQT by 18,080.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 904 shares during the last quarter. Wolff Wiese Magana LLC boosted its position in EQT by 936.1% during the 2nd quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer’s stock valued at $37,000 after buying an additional 908 shares during the period. Finally, Blue Trust Inc. grew its holdings in EQT by 149.5% in the 2nd quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock worth $37,000 after acquiring an additional 598 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Analyst Upgrades and Downgrades

EQT has been the subject of several recent analyst reports. Wells Fargo & Company upped their price objective on shares of EQT from $42.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday. Morgan Stanley upped their price target on EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday. Bank of America started coverage on EQT in a research note on Monday, October 28th. They set a “buy” rating and a $50.00 target price on the stock. UBS Group raised their price target on EQT from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. upped their price objective on shares of EQT from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, September 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $44.67.

EQT Price Performance

Shares of NYSE:EQT opened at $45.28 on Friday. The business has a fifty day moving average price of $39.14 and a 200-day moving average price of $37.16. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market capitalization of $27.02 billion, a PE ratio of 53.91 and a beta of 1.06. EQT Co. has a 1-year low of $30.02 and a 1-year high of $48.02.

EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. EQT had a net margin of 5.52% and a return on equity of 3.74%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the business earned $0.30 EPS. EQT’s revenue was up 8.2% compared to the same quarter last year. As a group, equities analysts expect that EQT Co. will post 1.38 EPS for the current fiscal year.

EQT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be paid a dividend of $0.1575 per share. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 annualized dividend and a yield of 1.39%. EQT’s dividend payout ratio is 75.00%.

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.