Uncommon Cents Investing LLC Purchases 1,810 Shares of EQT Co. (NYSE:EQT)

Uncommon Cents Investing LLC raised its position in EQT Co. (NYSE:EQT) by 31.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 7,630 shares of the oil and gas producer’s stock after acquiring an additional 1,810 shares during the period. Uncommon Cents Investing LLC’s holdings in EQT were worth $295,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new stake in EQT in the 2nd quarter valued at approximately $33,000. Tyler Stone Wealth Management bought a new stake in shares of EQT during the 2nd quarter worth approximately $40,000. Clearstead Advisors LLC bought a new stake in shares of EQT during the 3rd quarter worth approximately $41,000. BKM Wealth Management LLC bought a new stake in shares of EQT during the 4th quarter worth approximately $40,000. Finally, Belpointe Asset Management LLC raised its stake in shares of EQT by 270.0% during the 1st quarter. Belpointe Asset Management LLC now owns 1,258 shares of the oil and gas producer’s stock worth $40,000 after purchasing an additional 918 shares in the last quarter. Institutional investors own 90.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EQT. Jefferies Financial Group dropped their price objective on EQT from $50.00 to $42.00 and set a “buy” rating on the stock in a research note on Monday. Morgan Stanley increased their target price on EQT from $38.00 to $39.00 and gave the stock an “overweight” rating in a report on Wednesday, November 29th. Royal Bank of Canada restated an “outperform” rating and set a $46.00 price objective on shares of EQT in a research report on Tuesday, March 5th. Citigroup upgraded EQT from a “neutral” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Monday, December 11th. Finally, Piper Sandler upped their price objective on EQT from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, March 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $43.54.

EQT Trading Up 2.8 %

Shares of EQT traded up $1.01 during mid-day trading on Thursday, reaching $37.08. 9,857,272 shares of the company were exchanged, compared to its average volume of 6,635,771. EQT Co. has a 52 week low of $30.79 and a 52 week high of $45.23. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $16.33 billion, a PE ratio of 8.72 and a beta of 1.13. The business has a 50 day simple moving average of $35.34 and a two-hundred day simple moving average of $38.49.

EQT (NYSE:EQT) last issued its quarterly earnings data on Tuesday, February 13th. The oil and gas producer reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. EQT had a return on equity of 7.12% and a net margin of 25.12%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the company earned $0.42 earnings per share. The firm’s revenue was up 17.6% compared to the same quarter last year. On average, analysts predict that EQT Co. will post 2.38 earnings per share for the current fiscal year.

EQT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Tuesday, February 20th were paid a $0.1575 dividend. The ex-dividend date was Friday, February 16th. This represents a $0.63 dividend on an annualized basis and a yield of 1.70%. EQT’s dividend payout ratio (DPR) is presently 14.82%.

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.