Rise Advisors LLC Acquires 717 Shares of EQT Co. (NYSE:EQT)

Rise Advisors LLC grew its stake in EQT Co. (NYSE:EQT) by 224.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,036 shares of the oil and gas producer’s stock after purchasing an additional 717 shares during the period. Rise Advisors LLC’s holdings in EQT were worth $38,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Virtu Financial LLC acquired a new position in EQT during the fourth quarter worth $723,000. American International Group Inc. boosted its position in EQT by 9.3% in the fourth quarter. American International Group Inc. now owns 107,443 shares of the oil and gas producer’s stock valued at $4,154,000 after buying an additional 9,157 shares in the last quarter. Wellington Management Group LLP grew its stake in EQT by 3.2% during the fourth quarter. Wellington Management Group LLP now owns 20,320,219 shares of the oil and gas producer’s stock worth $785,580,000 after buying an additional 632,625 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of EQT by 4.5% during the fourth quarter. Vanguard Group Inc. now owns 46,922,862 shares of the oil and gas producer’s stock worth $1,814,038,000 after buying an additional 2,023,222 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of EQT by 1.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 137,313 shares of the oil and gas producer’s stock valued at $5,309,000 after acquiring an additional 1,428 shares during the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

EQT Stock Up 2.2 %

EQT stock opened at $37.41 on Monday. The stock has a market capitalization of $16.52 billion, a PE ratio of 27.11 and a beta of 1.06. EQT Co. has a twelve month low of $30.02 and a twelve month high of $45.23. The company has a 50 day moving average of $33.79 and a 200-day moving average of $36.63. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.33.

EQT (NYSE:EQT) last posted its quarterly earnings data on Tuesday, July 23rd. The oil and gas producer reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.12. EQT had a return on equity of 4.52% and a net margin of 12.45%. The company had revenue of $952.51 million during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the firm earned ($0.17) earnings per share. EQT’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that EQT Co. will post 1.37 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. Shareholders 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 annualized dividend and a yield of 1.68%. EQT’s dividend payout ratio (DPR) is presently 45.65%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EQT shares. UBS Group cut their price objective on EQT from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Wednesday, September 18th. StockNews.com upgraded shares of EQT to a “sell” rating in a research report on Friday, July 26th. Scotiabank upped their target price on shares of EQT from $54.00 to $55.00 and gave the stock a “sector outperform” rating in a research report on Friday, July 12th. Stephens dropped their price objective on shares of EQT from $47.00 to $46.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Finally, Wolfe Research began coverage on EQT in a research note on Thursday, July 18th. They issued an “outperform” rating and a $51.00 target price for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $42.18.

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.