Atria Investments Inc Buys Shares of 5,499 EQT Co. (NYSE:EQT)

Atria Investments Inc bought a new stake in EQT Co. (NYSE:EQT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,499 shares of the oil and gas producer’s stock, valued at approximately $201,000.

Other large investors have also recently bought and sold shares of the company. Modera Wealth Management LLC bought a new stake in shares of EQT during the third quarter worth $562,494,000. Canoe Financial LP acquired a new position in EQT during the third quarter worth $89,907,000. Merewether Investment Management LP acquired a new position in EQT during the second quarter worth $69,452,000. Boston Partners boosted its holdings in EQT by 33.7% during the first quarter. Boston Partners now owns 3,834,505 shares of the oil and gas producer’s stock worth $142,178,000 after purchasing an additional 966,475 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in EQT by 1,138.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 892,919 shares of the oil and gas producer’s stock worth $32,717,000 after purchasing an additional 820,794 shares during the last quarter. Institutional investors own 90.81% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on EQT shares. JPMorgan Chase & Co. increased their target price on shares of EQT from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, September 26th. UBS Group increased their price target on shares of EQT from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Mizuho increased their price target on shares of EQT from $41.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Wells Fargo & Company upgraded shares of EQT from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $40.00 to $42.00 in a research note on Wednesday, August 14th. Finally, Stephens increased their price target on shares of EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, EQT currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.83.

EQT Price Performance

Shares of NYSE:EQT opened at $45.92 on Monday. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $48.02. The business has a 50-day simple moving average of $38.20 and a two-hundred day simple moving average of $36.96. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a market cap of $27.40 billion, a price-to-earnings ratio of 54.67 and a beta of 1.06.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, beating the consensus estimate of $0.06 by $0.06. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 EPS. On average, analysts expect that EQT Co. will post 1.35 earnings per share for the current year.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be paid a $0.1575 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 annualized dividend and a yield of 1.37%. EQT’s payout ratio is 75.00%.

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.