EverSource Wealth Advisors LLC Has $51,000 Stake in EQT Co. (NYSE:EQT)

EverSource Wealth Advisors LLC lifted its stake in EQT Co. (NYSE:EQT) by 414.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,472 shares of the oil and gas producer’s stock after purchasing an additional 1,186 shares during the period. EverSource Wealth Advisors LLC’s holdings in EQT were worth $51,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of EQT. Innealta Capital LLC acquired a new stake in EQT during the 2nd quarter worth $28,000. Wolff Wiese Magana LLC grew its stake in shares of EQT by 936.1% during the second quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer’s stock worth $37,000 after purchasing an additional 908 shares during the period. Blue Trust Inc. increased its holdings in EQT by 149.5% in the second quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 598 shares during the last quarter. Industrial Alliance Investment Management Inc. lifted its stake in EQT by 65.5% in 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. Finally, EntryPoint Capital LLC bought a new position in EQT during the first quarter worth about $54,000. Institutional investors own 90.81% of the company’s stock.

Analysts Set New Price Targets

EQT has been the topic of a number of analyst reports. Piper Sandler downgraded shares of EQT from an “overweight” rating to a “neutral” rating and cut their price target for the company from $43.00 to $32.00 in a research report on Thursday, August 15th. Wells Fargo & Company upgraded shares of EQT from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $40.00 to $42.00 in a report on Wednesday, August 14th. Wolfe Research assumed coverage on shares of EQT in a report on Thursday, July 18th. They issued an “outperform” rating and a $51.00 price target for the company. JPMorgan Chase & Co. raised their price objective on EQT from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Scotiabank boosted their target price on EQT from $54.00 to $55.00 and gave the company a “sector outperform” rating in a research note on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $42.29.

EQT Trading Up 2.9 %

NYSE EQT opened at $36.53 on Friday. EQT Co. has a 52 week low of $30.02 and a 52 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. The stock’s 50 day moving average price is $33.27 and its two-hundred day moving average price is $36.41. The stock has a market capitalization of $16.13 billion, a price-to-earnings ratio of 26.47 and a beta of 1.06.

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

EQT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were paid a $0.1575 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.63 annualized dividend and a dividend yield of 1.72%. EQT’s dividend payout ratio is presently 45.65%.

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.