New England Research & Management Inc. Purchases New Holdings in EQT Co. (NYSE:EQT)

New England Research & Management Inc. purchased a new position in shares of EQT Co. (NYSE:EQT) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 6,600 shares of the oil and gas producer’s stock, valued at approximately $242,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in EQT. Innealta Capital LLC bought a new position in EQT during the second quarter worth about $28,000. Wolff Wiese Magana LLC boosted its stake in shares of 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 worth $37,000 after acquiring an additional 908 shares during the period. Blue Trust Inc. boosted its stake in shares of EQT by 149.5% during 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 period. Quent Capital LLC increased its holdings in shares of EQT by 174.1% during the 3rd quarter. Quent Capital LLC now owns 1,239 shares of the oil and gas producer’s stock worth $45,000 after acquiring an additional 787 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in EQT by 414.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,472 shares of the oil and gas producer’s stock valued at $51,000 after acquiring an additional 1,186 shares during the period. Institutional investors own 90.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on EQT shares. Wells Fargo & Company upgraded shares of EQT from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $40.00 to $42.00 in a report on Wednesday, August 14th. Wolfe Research began coverage on shares of EQT in a research report on Thursday, July 18th. They set an “outperform” rating and a $51.00 price objective for the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $45.00 target price on shares of EQT in a research report on Friday, September 13th. Stephens dropped their price target on EQT from $47.00 to $46.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Finally, Scotiabank upped their price objective on EQT from $54.00 to $55.00 and gave the company a “sector outperform” rating in a report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, EQT has an average rating of “Moderate Buy” and a consensus price target of $42.18.

EQT Stock Up 1.0 %

NYSE:EQT opened at $37.30 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.73 and a quick ratio of 0.73. EQT Co. has a one year low of $30.02 and a one year high of $45.23. The firm’s 50 day simple moving average is $33.46 and its 200 day simple moving average is $36.55. The company has a market cap of $16.47 billion, a PE ratio of 27.03 and a beta of 1.06.

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

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were given a dividend of $0.1575 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.69%. EQT’s dividend payout ratio (DPR) is 45.65%.

About EQT

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.