Carrera Capital Advisors Invests $1.42 Million in EQT Co. (NYSE:EQT)

Carrera Capital Advisors purchased a new stake in EQT Co. (NYSE:EQT) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 30,708 shares of the oil and gas producer’s stock, valued at approximately $1,416,000.

Several other institutional investors have also added to or reduced their stakes in EQT. Private Advisor Group LLC raised its position in shares of EQT by 14.0% in the 3rd quarter. Private Advisor Group LLC now owns 14,234 shares of the oil and gas producer’s stock valued at $522,000 after purchasing an additional 1,748 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in EQT by 23.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 36,019 shares of the oil and gas producer’s stock worth $1,320,000 after purchasing an additional 6,776 shares during the last quarter. abrdn plc increased its stake in EQT by 34.9% during the 3rd quarter. abrdn plc now owns 47,334 shares of the oil and gas producer’s stock valued at $1,744,000 after purchasing an additional 12,255 shares in the last quarter. US Bancorp DE raised its holdings in shares of EQT by 59.3% in the third quarter. US Bancorp DE now owns 35,174 shares of the oil and gas producer’s stock worth $1,289,000 after buying an additional 13,090 shares during the last quarter. Finally, Stephens Inc. AR lifted its stake in shares of EQT by 63.8% during the third quarter. Stephens Inc. AR now owns 14,395 shares of the oil and gas producer’s stock worth $527,000 after buying an additional 5,608 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on EQT shares. Sanford C. Bernstein raised EQT from a “market perform” rating to an “outperform” rating and set a $73.00 target price on the stock in a research report on Wednesday, January 15th. Royal Bank of Canada restated a “sector perform” rating and issued a $49.00 price objective on shares of EQT in a research note on Monday, January 6th. Morgan Stanley upped their target price on EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Wells Fargo & Company raised their price target on shares of EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Finally, UBS Group upped their price objective on shares of EQT from $54.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, EQT presently has an average rating of “Hold” and a consensus target price of $52.39.

EQT Stock Performance

NYSE EQT opened at $50.01 on Wednesday. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. EQT Co. has a twelve month low of $30.02 and a twelve month high of $56.66. The stock has a 50-day moving average of $50.37 and a 200 day moving average of $42.72. The stock has a market capitalization of $29.88 billion, a price-to-earnings ratio of 125.02, a PEG ratio of 0.64 and a beta of 1.08.

EQT (NYSE:EQT) last announced its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.19. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. Sell-side analysts anticipate that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $0.1575 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 annualized dividend and a dividend yield of 1.26%. EQT’s dividend payout ratio (DPR) is 157.50%.

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.