Raymond James & Associates Has $35.41 Million Holdings in EQT Co. (NYSE:EQT)

Raymond James & Associates boosted its holdings in shares of EQT Co. (NYSE:EQT) by 30.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 966,434 shares of the oil and gas producer’s stock after buying an additional 226,845 shares during the quarter. Raymond James & Associates owned approximately 0.22% of EQT worth $35,410,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Blue Trust Inc. grew its position in shares of EQT by 168.9% in the third quarter. Blue Trust Inc. now owns 2,684 shares of the oil and gas producer’s stock valued at $99,000 after purchasing an additional 1,686 shares during the last quarter. Net Worth Advisory Group acquired a new position in shares of EQT in the third quarter valued at approximately $590,000. Stonegate Investment Group LLC grew its position in shares of EQT by 34.9% in the third quarter. Stonegate Investment Group LLC now owns 9,006 shares of the oil and gas producer’s stock valued at $330,000 after purchasing an additional 2,330 shares during the last quarter. V Square Quantitative Management LLC grew its position in shares of EQT by 25.5% in the third quarter. V Square Quantitative Management LLC now owns 8,074 shares of the oil and gas producer’s stock valued at $296,000 after purchasing an additional 1,638 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. grew its position in shares of EQT by 23,255.6% in the third quarter. DiNuzzo Private Wealth Inc. now owns 12,612 shares of the oil and gas producer’s stock valued at $462,000 after purchasing an additional 12,558 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on EQT. Citigroup upgraded EQT from a “neutral” rating to a “buy” rating and boosted their price target for the company from $37.00 to $44.00 in a research note on Thursday, October 3rd. Morgan Stanley reiterated an “overweight” rating and issued a $45.00 price target on shares of EQT in a research note on Friday, September 13th. StockNews.com upgraded EQT to a “sell” rating in a research note on Friday, July 26th. Truist Financial cut their price target on EQT from $36.00 to $32.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Finally, Stephens cut their price target on EQT from $47.00 to $46.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.18.

EQT Trading Up 0.6 %

Shares of EQT stock opened at $36.19 on Thursday. The firm has a market capitalization of $15.98 billion, a P/E ratio of 26.22 and a beta of 1.06. EQT Co. has a twelve month low of $30.02 and a twelve month high of $45.23. The stock’s fifty day simple moving average is $34.66 and its 200 day simple moving average is $36.60. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.33.

EQT (NYSE:EQT) last announced its earnings results on Tuesday, July 23rd. The oil and gas producer reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.12. The firm had revenue of $952.51 million for the quarter, compared to the consensus estimate of $1.06 billion. EQT had a return on equity of 4.52% and a net margin of 12.45%. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.17) EPS. As a group, sell-side analysts predict that EQT Co. will post 1.37 EPS for the current fiscal year.

EQT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be issued a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Wednesday, November 6th. EQT’s payout ratio is presently 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.