ORG Wealth Partners LLC Takes Position in EQT Corporation (NYSE:EQT)

ORG Wealth Partners LLC bought a new stake in EQT Corporation (NYSE:EQT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,279 shares of the oil and gas producer's stock, valued at approximately $554,000.

A number of other hedge funds have also modified their holdings of the company. Friedenthal Financial raised its position in shares of EQT by 8,309.7% in the 1st quarter. Friedenthal Financial now owns 17,324 shares of the oil and gas producer's stock valued at $926,000 after acquiring an additional 17,118 shares during the period. State of Alaska Department of Revenue raised its position in shares of EQT by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 69,937 shares of the oil and gas producer's stock valued at $3,736,000 after acquiring an additional 1,910 shares during the period. CWA Asset Management Group LLC raised its position in shares of EQT by 9.2% in the 1st quarter. CWA Asset Management Group LLC now owns 6,579 shares of the oil and gas producer's stock valued at $351,000 after acquiring an additional 553 shares during the period. Kingswood Wealth Advisors LLC acquired a new stake in shares of EQT in the 1st quarter valued at approximately $211,000. Finally, Robertson Stephens Wealth Management LLC acquired a new stake in EQT during the 1st quarter worth approximately $279,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

EQT Price Performance

Shares of EQT opened at $59.40 on Thursday. The company has a market cap of $35.56 billion, a price-to-earnings ratio of 104.21, a PEG ratio of 0.36 and a beta of 0.65. EQT Corporation has a 1-year low of $30.02 and a 1-year high of $60.20. The company's fifty day simple moving average is $53.72 and its 200 day simple moving average is $50.88. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.33.

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

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th were given a dividend of $0.1575 per share. The ex-dividend date was Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a yield of 1.06%. EQT's dividend payout ratio (DPR) is 110.53%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on EQT. Mizuho raised their target price on shares of EQT from $57.00 to $60.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Wells Fargo & Company raised their target price on shares of EQT from $59.00 to $63.00 and gave the stock an "overweight" rating in a report on Monday. Stephens dropped their target price on shares of EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. JPMorgan Chase & Co. raised their target price on shares of EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. Finally, Citigroup raised their target price on shares of EQT from $51.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $57.39.

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.

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