ORG Wealth Partners LLC Purchases New Shares in EQT Corporation (NYSE:EQT)

ORG Wealth Partners LLC purchased a new stake in EQT Corporation (NYSE:EQT) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,279 shares of the oil and gas producer’s stock, valued at approximately $554,000.

Other institutional investors and hedge funds have also modified their holdings of the company. University of Texas Texas AM Investment Management Co. grew its stake in EQT by 47.7% during the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer’s stock worth $44,000 after buying an additional 310 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in EQT by 26.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock worth $45,000 after buying an additional 205 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in EQT by 22.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock worth $48,000 after buying an additional 193 shares in the last quarter. First Horizon Advisors Inc. grew its stake in EQT by 33.1% during the fourth quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer’s stock worth $55,000 after buying an additional 298 shares in the last quarter. Finally, Mascagni Wealth Management Inc. acquired a new stake in EQT during the fourth quarter worth about $55,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EQT has been the topic of a number of analyst reports. Morgan Stanley increased their price objective on shares of EQT from $62.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. increased their price objective on shares of EQT from $58.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, March 13th. Mizuho raised their price target on shares of EQT from $57.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, April 1st. Citigroup raised their price target on shares of EQT from $51.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, March 17th. Finally, TD Cowen upgraded shares of EQT from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $57.39.

EQT Stock Up 0.9%

NYSE:EQT opened at $59.40 on Thursday. The firm’s 50 day simple moving average is $53.72 and its 200 day simple moving average is $50.88. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.57 and a quick ratio of 0.57. EQT Corporation has a one year low of $30.02 and a one year high of $60.20. The company has a market cap of $35.56 billion, a PE ratio of 104.21, a P/E/G ratio of 0.36 and a beta of 0.65.

EQT (NYSE:EQT) last posted its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, topping the consensus estimate of $0.98 by $0.20. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.16 billion. EQT had a net margin of 6.59% and a return on equity of 5.52%. On average, research analysts anticipate that EQT Corporation will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th were paid a $0.1575 dividend. The ex-dividend date was Wednesday, May 7th. This represents a $0.63 annualized dividend and a dividend yield of 1.06%. EQT’s dividend payout ratio is currently 110.53%.

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.