Uniting Wealth Partners LLC Makes New Investment in EQT Co. (NYSE:EQT)

Uniting Wealth Partners LLC bought a new stake in EQT Co. (NYSE:EQT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,616 shares of the oil and gas producer's stock, valued at approximately $213,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EQT. Quarry LP raised its stake in EQT by 184.7% during the third quarter. Quarry LP now owns 891 shares of the oil and gas producer's stock worth $33,000 after buying an additional 578 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in EQT by 26.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock valued at $45,000 after acquiring an additional 205 shares during the period. Financial Avengers Inc. increased its stake in EQT by 100.8% during 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 in the last quarter. Parkside Financial Bank & Trust increased its position in shares of EQT by 22.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock worth $48,000 after acquiring an additional 193 shares in the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in EQT in the 4th quarter valued at about $55,000. Institutional investors and hedge funds own 90.81% of the company's stock.

EQT Trading Up 1.9 %

Shares of NYSE EQT traded up $0.91 during midday trading on Tuesday, reaching $48.22. The company had a trading volume of 6,265,434 shares, compared to its average volume of 7,636,972. The firm's fifty day moving average price is $51.22 and its 200-day moving average price is $45.77. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. EQT Co. has a one year low of $30.02 and a one year high of $56.66. The stock has a market cap of $28.81 billion, a PE ratio of 120.59, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35.

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EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.19. EQT had a return on equity of 4.35% and a net margin of 4.37%. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. On average, equities research analysts anticipate that EQT Co. will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a dividend of $0.1575 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a yield of 1.31%. EQT's dividend payout ratio is presently 157.50%.

Analyst Ratings Changes

Several brokerages recently issued reports on EQT. Piper Sandler upped their price target on EQT from $35.00 to $36.00 and gave the stock a "neutral" rating in a report on Thursday, March 6th. StockNews.com cut shares of EQT from a "hold" rating to a "sell" rating in a research note on Monday. Wells Fargo & Company raised their target price on EQT from $53.00 to $58.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. JPMorgan Chase & Co. lifted their price objective on EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. Finally, Stephens raised shares of EQT from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $41.00 to $59.00 in a report on Tuesday, March 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, EQT currently has an average rating of "Moderate Buy" and an average target price of $55.72.

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.