978 Shares in EQT Co. (NYSE:EQT) Purchased by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. acquired a new position in EQT Co. (NYSE:EQT) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 978 shares of the oil and gas producer’s stock, valued at approximately $36,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EQT. HM Payson & Co. purchased a new stake in shares of EQT during the third quarter valued at approximately $25,000. Innealta Capital LLC bought a new position in EQT in the 2nd quarter valued at $28,000. Hexagon Capital Partners LLC increased its position in shares of EQT by 18,080.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 904 shares during the last quarter. Wolff Wiese Magana LLC raised its stake in shares of EQT by 936.1% during the 2nd quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer’s stock worth $37,000 after purchasing an additional 908 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of EQT by 149.5% in the 2nd quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock worth $37,000 after buying an additional 598 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

EQT Price Performance

Shares of NYSE:EQT opened at $45.28 on Friday. EQT Co. has a 12 month low of $30.02 and a 12 month high of $48.02. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. The stock has a market cap of $27.02 billion, a P/E ratio of 53.91 and a beta of 1.06. The company has a 50 day moving average of $39.14 and a 200 day moving average of $37.16.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.06. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 earnings per share. As a group, sell-side analysts forecast that EQT Co. will post 1.38 EPS for the current fiscal year.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th will be given a dividend of $0.1575 per share. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.39%. EQT’s dividend payout ratio (DPR) is presently 75.00%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of EQT from $42.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday. JPMorgan Chase & Co. raised their price target on shares of EQT from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, September 26th. Mizuho lifted their price target on shares of EQT from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday. UBS Group increased their price objective on EQT from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, Truist Financial boosted their target price on EQT from $32.00 to $41.00 and gave the company a “hold” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $44.67.

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.