HighPoint Advisor Group LLC Acquires Shares of 6,619 EQT Co. (NYSE:EQT)

HighPoint Advisor Group LLC bought a new position in EQT Co. (NYSE:EQT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 6,619 shares of the oil and gas producer’s stock, valued at approximately $305,000.

A number of other institutional investors have also made changes to their positions in EQT. Quarry LP boosted its holdings in EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 578 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of EQT by 26.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock valued at $45,000 after buying an additional 205 shares during the period. Financial Avengers Inc. grew its position in shares of EQT by 100.8% during the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock valued at $37,000 after buying an additional 504 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in EQT by 22.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock worth $48,000 after acquiring an additional 193 shares during the period. Finally, Stonebridge Financial Group LLC bought a new position in EQT in the fourth quarter worth about $55,000. 90.81% of the stock is currently owned by institutional investors.

EQT Trading Down 4.6 %

Shares of EQT opened at $52.09 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. EQT Co. has a 1-year low of $30.02 and a 1-year high of $56.66. The stock has a market capitalization of $31.12 billion, a P/E ratio of 130.22, a P/E/G ratio of 0.64 and a beta of 1.12. The business’s 50-day moving average price is $51.40 and its 200 day moving average price is $45.42.

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

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.1575 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 annualized dividend and a yield of 1.21%. EQT’s dividend payout ratio (DPR) is presently 157.50%.

Analysts Set New Price Targets

Several equities analysts have recently commented on EQT shares. Sanford C. Bernstein raised EQT from a “market perform” rating to an “outperform” rating and set a $73.00 target price for the company in a report on Wednesday, January 15th. The Goldman Sachs Group reaffirmed a “reduce” rating on shares of EQT in a research report on Wednesday, February 12th. Truist Financial boosted their price target on shares of EQT from $41.00 to $56.00 and gave the company a “hold” rating in a report on Monday, January 13th. Morgan Stanley reaffirmed an “overweight” rating and issued a $67.00 price objective (up previously from $63.00) on shares of EQT in a report on Wednesday, March 26th. Finally, Jefferies Financial Group boosted their target price on shares of EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $55.28.

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.