EQT Co. (NYSE:EQT) Shares Purchased by Hantz Financial Services Inc.

Hantz Financial Services Inc. raised its position in shares of EQT Co. (NYSE:EQT) by 2.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,930 shares of the oil and gas producer’s stock after buying an additional 1,194 shares during the period. Hantz Financial Services Inc.’s holdings in EQT were worth $1,976,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Modera Wealth Management LLC acquired a new stake in shares of EQT during the third quarter worth about $562,494,000. Canoe Financial LP purchased a new stake in EQT during the 3rd quarter worth approximately $89,907,000. Merewether Investment Management LP acquired a new stake in EQT during the 2nd quarter worth approximately $69,452,000. Castle Hook Partners LP purchased a new position in EQT in the 3rd quarter valued at approximately $48,817,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of EQT by 28.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,013,058 shares of the oil and gas producer’s stock worth $183,678,000 after acquiring an additional 1,108,134 shares in the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on EQT from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, September 26th. Bank of America assumed coverage on EQT in a research note on Monday, October 28th. They issued a “buy” rating and a $50.00 price objective for the company. Morgan Stanley raised their target price on shares of EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Piper Sandler boosted their price target on shares of EQT from $32.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, Stephens raised their price objective on shares of EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, EQT presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.67.

EQT Stock Up 0.4 %

Shares of NYSE EQT opened at $45.44 on Friday. The stock has a market cap of $27.11 billion, a PE ratio of 54.10 and a beta of 1.06. EQT Co. has a 52-week low of $30.02 and a 52-week high of $48.02. The business has a 50-day moving average price of $39.35 and a 200 day moving average price of $37.18. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65.

EQT (NYSE:EQT) last announced its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $0.30 earnings per share. Equities research analysts forecast that EQT Co. will post 1.36 earnings per share for the current year.

EQT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be paid a $0.1575 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a yield of 1.39%. EQT’s dividend payout ratio is presently 75.00%.

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.