DiNuzzo Private Wealth Inc. Has $462,000 Stock Holdings in EQT Co. (NYSE:EQT)

DiNuzzo Private Wealth Inc. lifted its position in EQT Co. (NYSE:EQT) by 23,255.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,612 shares of the oil and gas producer’s stock after buying an additional 12,558 shares during the quarter. DiNuzzo Private Wealth Inc.’s holdings in EQT were worth $462,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Park Avenue Securities LLC raised its holdings in EQT by 3.8% in the 1st quarter. Park Avenue Securities LLC now owns 8,153 shares of the oil and gas producer’s stock valued at $302,000 after acquiring an additional 300 shares in the last quarter. Davis Investment Partners LLC lifted its position in EQT by 1.0% in the third quarter. Davis Investment Partners LLC now owns 30,908 shares of the oil and gas producer’s stock worth $1,137,000 after purchasing an additional 317 shares during the period. Czech National Bank raised its stake in shares of EQT by 0.5% in the 1st quarter. Czech National Bank now owns 72,374 shares of the oil and gas producer’s stock valued at $2,683,000 after buying an additional 332 shares in the last quarter. Motley Fool Asset Management LLC boosted its position in shares of EQT by 5.1% during the 1st quarter. Motley Fool Asset Management LLC now owns 6,861 shares of the oil and gas producer’s stock valued at $254,000 after acquiring an additional 336 shares in the last quarter. Finally, Hancock Whitney Corp lifted its stake in EQT by 3.0% during the first quarter. Hancock Whitney Corp now owns 14,603 shares of the oil and gas producer’s stock worth $541,000 after purchasing an additional 419 shares during the period. 90.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on EQT. JPMorgan Chase & Co. raised their target price on EQT from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, September 26th. Citigroup raised shares of EQT from a “neutral” rating to a “buy” rating and upped their target price for the stock from $37.00 to $44.00 in a report on Thursday, October 3rd. StockNews.com raised shares of EQT to a “sell” rating in a report on Friday, July 26th. Piper Sandler lowered shares of EQT from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $43.00 to $32.00 in a research report on Thursday, August 15th. Finally, Truist Financial cut their target price on shares of EQT from $36.00 to $32.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $42.18.

EQT Price Performance

EQT stock opened at $37.04 on Friday. The stock has a market cap of $16.35 billion, a price-to-earnings ratio of 26.84 and a beta of 1.06. EQT Co. has a 12-month low of $30.02 and a 12-month high of $45.23. 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 business’s 50-day simple moving average is $34.28 and its 200 day simple moving average is $36.62.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, July 23rd. The oil and gas producer reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.12. EQT had a net margin of 12.45% and a return on equity of 4.52%. The company had revenue of $952.51 million during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the company earned ($0.17) EPS. EQT’s revenue was down 6.5% on a year-over-year basis. As a group, research analysts anticipate that EQT Co. will post 1.37 earnings per share for the current year.

EQT Announces Dividend

The company also recently announced 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. This represents a $0.63 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Wednesday, November 6th. EQT’s payout ratio is presently 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.