EQT Co. (NYSE:EQT) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its position in EQT Co. (NYSE:EQT) by 24.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,812 shares of the oil and gas producer’s stock after acquiring an additional 18,311 shares during the quarter. Nisa Investment Advisors LLC’s holdings in EQT were worth $3,401,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Innealta Capital LLC acquired a new position in EQT in the 2nd quarter valued at about $28,000. Hexagon Capital Partners LLC grew its position in EQT by 18,080.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 904 shares in the last quarter. Wolff Wiese Magana LLC grew its position in EQT by 936.1% in 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 acquiring an additional 908 shares in the last quarter. Blue Trust Inc. grew its position in EQT by 149.5% in the 2nd quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock valued at $37,000 after acquiring an additional 598 shares in the last quarter. Finally, Rise Advisors LLC boosted its stake in shares of EQT by 224.8% in the 3rd quarter. Rise Advisors LLC now owns 1,036 shares of the oil and gas producer’s stock valued at $38,000 after buying an additional 717 shares during the period. 90.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on EQT shares. Piper Sandler cut EQT from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $43.00 to $32.00 in a research note on Thursday, August 15th. StockNews.com upgraded EQT to a “sell” rating in a research note on Friday, July 26th. Citigroup upgraded EQT from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $37.00 to $44.00 in a research note on Thursday, October 3rd. JPMorgan Chase & Co. boosted their target price on EQT from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, September 26th. Finally, Bank of America began coverage on EQT in a research note on Monday, October 28th. They set a “buy” rating and a $50.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, EQT presently has an average rating of “Moderate Buy” and an average target price of $42.17.

EQT Stock Performance

NYSE EQT opened at $35.62 on Friday. The business’s 50-day moving average price is $35.24 and its 200 day moving average price is $36.60. EQT Co. has a twelve month low of $30.02 and a twelve month high of $45.23. The company has a market capitalization of $15.73 billion, a PE ratio of 42.41 and a beta of 1.06. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.33.

EQT (NYSE:EQT) last released its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.06. EQT had a return on equity of 4.08% and a net margin of 5.52%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the business posted $0.30 earnings per share. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, research analysts predict that EQT Co. will post 1.42 earnings per share for the current year.

EQT Announces Dividend

The company 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 dividend of $0.1575 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.63 annualized dividend and a yield of 1.77%. EQT’s dividend payout ratio is presently 75.00%.

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.