J.W. Cole Advisors Inc. Invests $211,000 in EQT Co. (NYSE:EQT)

J.W. Cole Advisors Inc. bought a new stake in shares of EQT Co. (NYSE:EQT) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,700 shares of the oil and gas producer’s stock, valued at approximately $211,000.

Several other institutional investors and hedge funds have also bought and sold shares of EQT. Innealta Capital LLC purchased a new stake in shares of EQT during the second quarter valued at approximately $28,000. Blue Trust Inc. raised its holdings in EQT by 149.5% during the 2nd quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock valued at $37,000 after buying an additional 598 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. Principal Securities Inc. bought a new stake in shares of EQT in the 4th quarter worth approximately $51,000. Finally, Industrial Alliance Investment Management Inc. increased its stake in shares of EQT by 65.5% during the second quarter. Industrial Alliance Investment Management Inc. now owns 1,440 shares of the oil and gas producer’s stock valued at $53,000 after buying an additional 570 shares during the period. 90.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on EQT shares. Mizuho dropped their price target on EQT from $45.00 to $43.00 and set a “neutral” rating for the company in a research note on Monday. UBS Group reduced their price target on shares of EQT from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Wednesday. Stephens lowered their price objective on shares of EQT from $47.00 to $46.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Truist Financial cut their price objective on EQT from $36.00 to $32.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Finally, Wolfe Research began coverage on EQT in a research report on Thursday, July 18th. They issued an “outperform” rating and a $51.00 target price for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, EQT presently has an average rating of “Hold” and an average price target of $43.28.

EQT Stock Up 3.6 %

NYSE:EQT opened at $34.73 on Friday. The firm has a 50-day simple moving average of $33.33 and a two-hundred day simple moving average of $36.47. The firm has a market cap of $15.34 billion, a P/E ratio of 25.17 and a beta of 1.06. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $45.23. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.73 and a current ratio of 0.73.

EQT (NYSE:EQT) last announced its quarterly earnings results on Tuesday, July 23rd. The oil and gas producer reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.12. EQT had a net margin of 12.45% and a return on equity of 4.52%. The company had revenue of $952.51 million during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the firm earned ($0.17) earnings per share. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. Analysts predict that EQT Co. will post 1.44 earnings per share for the current fiscal year.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date was Wednesday, August 7th. EQT’s payout ratio is currently 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.