UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Position in EQT Co. (NYSE:EQT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in EQT Co. (NYSE:EQT) by 34.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,981,099 shares of the oil and gas producer’s stock after acquiring an additional 506,661 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.33% of EQT worth $72,587,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Davis Investment Partners LLC increased its holdings in EQT by 1.0% during the 3rd quarter. Davis Investment Partners LLC now owns 30,908 shares of the oil and gas producer’s stock valued at $1,137,000 after purchasing an additional 317 shares during the period. J.W. Cole Advisors Inc. boosted its holdings in EQT by 7.4% in the third quarter. J.W. Cole Advisors Inc. now owns 6,121 shares of the oil and gas producer’s stock valued at $224,000 after acquiring an additional 421 shares in the last quarter. SeaBridge Investment Advisors LLC boosted its holdings in EQT by 1.4% in the second quarter. SeaBridge Investment Advisors LLC now owns 30,792 shares of the oil and gas producer’s stock valued at $1,139,000 after acquiring an additional 431 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in EQT by 40.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,498 shares of the oil and gas producer’s stock valued at $55,000 after purchasing an additional 434 shares during the period. Finally, Ballentine Partners LLC raised its holdings in EQT by 8.4% in the 2nd quarter. Ballentine Partners LLC now owns 6,291 shares of the oil and gas producer’s stock worth $233,000 after purchasing an additional 486 shares in the last quarter. 90.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on EQT shares. Wells Fargo & Company boosted their price target on shares of EQT from $42.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. JPMorgan Chase & Co. upped their target price on EQT from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, September 26th. Truist Financial raised their target price on EQT from $32.00 to $41.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th. BMO Capital Markets lifted their price target on EQT from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. Finally, Stephens increased their price objective on EQT from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $44.67.

EQT Stock Down 2.0 %

Shares of EQT stock opened at $44.53 on Tuesday. The company’s fifty day simple moving average is $39.53 and its two-hundred day simple moving average is $37.18. EQT Co. has a 52 week low of $30.02 and a 52 week high of $48.02. The stock has a market cap of $26.57 billion, a P/E ratio of 53.01 and a beta of 1.06. 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 posted its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 earnings per share. Analysts predict that EQT Co. will post 1.36 EPS for the current fiscal year.

EQT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Wednesday, November 6th were issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date was Wednesday, November 6th. EQT’s dividend payout ratio (DPR) 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.