Net Worth Advisory Group Makes New $590,000 Investment in EQT Co. (NYSE:EQT)

Net Worth Advisory Group bought a new position in shares of EQT Co. (NYSE:EQT - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 16,094 shares of the oil and gas producer's stock, valued at approximately $590,000.

Several other hedge funds have also modified their holdings of the stock. Stonegate Investment Group LLC boosted its holdings in EQT by 34.9% in the third quarter. Stonegate Investment Group LLC now owns 9,006 shares of the oil and gas producer's stock valued at $330,000 after acquiring an additional 2,330 shares during the last quarter. V Square Quantitative Management LLC lifted its position in EQT by 25.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 8,074 shares of the oil and gas producer's stock valued at $296,000 after purchasing an additional 1,638 shares during the period. DiNuzzo Private Wealth Inc. boosted its stake in shares of EQT by 23,255.6% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 12,612 shares of the oil and gas producer's stock valued at $462,000 after purchasing an additional 12,558 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of EQT by 42.0% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,269 shares of the oil and gas producer's stock worth $2,172,000 after buying an additional 17,526 shares during the period. Finally, NBC Securities Inc. bought a new stake in shares of EQT during the third quarter worth approximately $501,000. 90.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wolfe Research initiated coverage on shares of EQT in a report on Thursday, July 18th. They set an "outperform" rating and a $51.00 target price for the company. Citigroup upgraded EQT from a "neutral" rating to a "buy" rating and upped their price objective for the company from $37.00 to $44.00 in a report on Thursday, October 3rd. Mizuho reduced their target price on EQT from $43.00 to $41.00 and set a "neutral" rating on the stock in a report on Friday, October 4th. Truist Financial lowered their price target on EQT from $36.00 to $32.00 and set a "hold" rating for the company in a research note on Monday, July 22nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of EQT from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Thursday, September 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, EQT currently has a consensus rating of "Moderate Buy" and an average price target of $42.18.

EQT Stock Down 1.5 %

NYSE EQT traded down $0.57 during trading on Friday, hitting $36.49. The stock had a trading volume of 5,360,451 shares, compared to its average volume of 7,071,257. EQT Co. has a 12 month low of $30.02 and a 12 month 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 company's 50-day moving average price is $34.39 and its two-hundred day moving average price is $36.61. The company has a market capitalization of $16.11 billion, a PE ratio of 26.44 and a beta of 1.06.

EQT (NYSE:EQT - Get Free Report) 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, sell-side analysts forecast that EQT Co. will post 1.37 EPS for the current year.

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th will be issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Wednesday, November 6th. EQT's payout ratio is 45.65%.

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.