Atria Investments Inc Purchases 1,961 Shares of EQT Co. (NYSE:EQT)

Atria Investments Inc boosted its position in shares of EQT Co. (NYSE:EQT) by 35.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,460 shares of the oil and gas producer’s stock after buying an additional 1,961 shares during the period. Atria Investments Inc’s holdings in EQT were worth $344,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in EQT. Assetmark Inc. grew its holdings in shares of EQT by 47.4% in the fourth quarter. Assetmark Inc. now owns 41,111 shares of the oil and gas producer’s stock valued at $1,896,000 after purchasing an additional 13,212 shares in the last quarter. Oak Grove Capital LLC grew its stake in shares of EQT by 9.9% in the 4th quarter. Oak Grove Capital LLC now owns 121,455 shares of the oil and gas producer’s stock worth $5,600,000 after buying an additional 10,900 shares in the last quarter. Carrera Capital Advisors bought a new stake in shares of EQT in the 4th quarter worth about $1,416,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of EQT by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,093,857 shares of the oil and gas producer’s stock valued at $234,878,000 after acquiring an additional 80,799 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in EQT by 287.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,737 shares of the oil and gas producer’s stock worth $311,000 after acquiring an additional 4,997 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

EQT Stock Performance

Shares of EQT stock opened at $50.71 on Monday. The company’s 50 day moving average is $50.82 and its 200 day moving average is $43.59. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The firm has a market cap of $30.30 billion, a price-to-earnings ratio of 126.79, a PEG ratio of 0.64 and a beta of 1.12. EQT Co. has a 52-week low of $30.02 and a 52-week high of $56.66.

EQT (NYSE:EQT) last posted its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.19. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. On average, sell-side analysts anticipate that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors 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 dividend yield of 1.24%. EQT’s dividend payout ratio (DPR) is presently 157.50%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Citigroup downgraded EQT from a “buy” rating to a “reduce” rating in a research report on Wednesday, March 5th. Scotiabank downgraded EQT from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the stock from $55.00 to $54.00 in a research report on Friday, January 17th. Wells Fargo & Company boosted their price objective on shares of EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. StockNews.com upgraded shares of EQT from a “sell” rating to a “hold” rating in a report on Friday. Finally, JPMorgan Chase & Co. upped their price target on shares of EQT from $58.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $52.56.

EQT 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.