Avantax Advisory Services Inc. Grows Stock Holdings in EQT Co. (NYSE:EQT)

Avantax Advisory Services Inc. lifted its stake in EQT Co. (NYSE:EQT) by 21.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,965 shares of the oil and gas producer’s stock after purchasing an additional 1,727 shares during the quarter. Avantax Advisory Services Inc.’s holdings in EQT were worth $459,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Truvestments Capital LLC purchased a new stake in EQT in the 3rd quarter valued at $30,000. Quarry LP grew its holdings in shares of EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 578 shares during the period. Brown Brothers Harriman & Co. purchased a new position in EQT during the third quarter worth about $36,000. Financial Avengers Inc. boosted its holdings in EQT by 100.8% in the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 504 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of EQT by 26.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock valued at $45,000 after buying an additional 205 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Truist Financial upped their price objective on EQT from $41.00 to $56.00 and gave the company a “hold” rating in a report on Monday, January 13th. StockNews.com upgraded EQT from a “sell” rating to a “hold” rating in a report on Friday, March 14th. JPMorgan Chase & Co. boosted their price target on shares of EQT from $58.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, March 13th. Royal Bank of Canada restated a “sector perform” rating and set a $49.00 price target on shares of EQT in a research report on Monday, January 6th. Finally, UBS Group raised their target price on EQT from $54.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, EQT has an average rating of “Moderate Buy” and an average target price of $54.50.

EQT Price Performance

Shares of EQT opened at $52.89 on Monday. The firm has a fifty day moving average price of $51.25 and a 200 day moving average price of $44.28. The stock has a market cap of $31.60 billion, a PE ratio of 132.23, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. EQT Co. has a 1-year low of $30.02 and a 1-year high of $56.66. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51.

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

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $0.1575 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.19%. EQT’s dividend payout ratio (DPR) is presently 157.50%.

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.