Farther Finance Advisors LLC Purchases 410 Shares of EQT Co. (NYSE:EQT)

Farther Finance Advisors LLC boosted its stake in EQT Co. (NYSE:EQT) by 10.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,447 shares of the oil and gas producer’s stock after acquiring an additional 410 shares during the period. Farther Finance Advisors LLC’s holdings in EQT were worth $205,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in EQT. Truvestments Capital LLC bought a new stake in EQT in the third quarter valued at approximately $30,000. Quarry LP boosted its holdings in EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 578 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in EQT in the third quarter valued at approximately $36,000. Financial Avengers Inc. boosted its holdings in EQT by 100.8% in the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock valued at $37,000 after acquiring an additional 504 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings 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 last quarter. 90.81% of the stock is currently owned by institutional investors.

EQT Stock Up 1.9 %

Shares of NYSE:EQT opened at $53.54 on Thursday. The company has a market capitalization of $31.99 billion, a PE ratio of 133.85, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The business has a fifty day moving average price of $51.07 and a two-hundred day moving average price of $43.92. EQT Co. has a 1 year low of $30.02 and a 1 year high of $56.66.

EQT (NYSE:EQT) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. Analysts forecast that EQT Co. will post 3.27 earnings per share for the current year.

EQT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.1575 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 annualized dividend and a dividend yield of 1.18%. EQT’s payout ratio is 157.50%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on EQT shares. Mizuho upgraded EQT from a “neutral” rating to an “outperform” rating and upped their target price for the company from $48.00 to $57.00 in a report on Monday, December 16th. Scotiabank cut EQT from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $55.00 to $54.00 in a report on Friday, January 17th. Piper Sandler upped their target price on EQT from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, March 6th. UBS Group upped their target price on EQT from $54.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Finally, Jefferies Financial Group upped their target price on EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, EQT has an average rating of “Moderate Buy” and an average price target of $54.50.

EQT Company 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.