U.S. Capital Wealth Advisors LLC Purchases 82,171 Shares of EQT Co. (NYSE:EQT)

U.S. Capital Wealth Advisors LLC boosted its position in EQT Co. (NYSE:EQT) by 91.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 172,107 shares of the oil and gas producer’s stock after purchasing an additional 82,171 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in EQT were worth $6,306,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in shares of EQT by 22.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 64,877,405 shares of the oil and gas producer’s stock valued at $2,405,007,000 after acquiring an additional 11,993,729 shares during the period. Vanguard Group Inc. raised its holdings in shares of EQT by 8.4% during the first quarter. Vanguard Group Inc. now owns 50,865,664 shares of the oil and gas producer’s stock valued at $1,885,590,000 after purchasing an additional 3,942,802 shares during the period. Bank of New York Mellon Corp boosted its position in shares of EQT by 2.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 20,348,475 shares of the oil and gas producer’s stock worth $752,487,000 after purchasing an additional 464,781 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of EQT by 2.9% in the 2nd quarter. Clearbridge Investments LLC now owns 9,084,686 shares of the oil and gas producer’s stock valued at $335,952,000 after buying an additional 253,186 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in EQT by 19.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,224,784 shares of the oil and gas producer’s stock valued at $156,243,000 after buying an additional 697,824 shares in the last quarter. Institutional investors own 90.81% of the company’s stock.

EQT Stock Performance

EQT stock traded up $0.03 during trading on Wednesday, hitting $36.00. The stock had a trading volume of 2,177,894 shares, compared to its average volume of 7,021,854. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.33. The stock’s 50 day moving average is $34.56 and its two-hundred day moving average is $36.60. EQT Co. has a 1 year low of $30.02 and a 1 year high of $45.23. The stock has a market cap of $15.90 billion, a price-to-earnings ratio of 26.07 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) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.12. The company had revenue of $952.51 million during the quarter, compared to analyst estimates of $1.06 billion. EQT had a return on equity of 4.52% and a net margin of 12.45%. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.17) EPS. As a group, analysts predict that EQT Co. will post 1.37 EPS for the current year.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th will be given a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Wednesday, November 6th. EQT’s dividend payout ratio (DPR) is currently 45.65%.

Analysts Set New Price Targets

EQT has been the topic of several recent research reports. Wells Fargo & Company upgraded EQT from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $40.00 to $42.00 in a report on Wednesday, August 14th. Wolfe Research started coverage on shares of EQT in a research note on Thursday, July 18th. They issued an “outperform” rating and a $51.00 price objective on the stock. Stephens decreased their target price on shares of EQT from $47.00 to $46.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Piper Sandler downgraded 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 note on Thursday, August 15th. Finally, UBS Group lowered their price objective on EQT from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.18.

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.