EQT Co. (NYSE:EQT) Shares Sold by Alden Global Capital LLC

Alden Global Capital LLC lessened its position in shares of EQT Co. (NYSE:EQT - Free Report) by 59.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,917 shares of the oil and gas producer's stock after selling 50,000 shares during the quarter. EQT makes up 1.5% of Alden Global Capital LLC's holdings, making the stock its 20th biggest position. Alden Global Capital LLC's holdings in EQT were worth $1,564,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its position in shares of EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock valued at $45,000 after acquiring an additional 205 shares during the period. Parkside Financial Bank & Trust grew its holdings in EQT by 22.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock valued at $48,000 after purchasing an additional 193 shares during the period. Stonebridge Financial Group LLC purchased a new stake in shares of EQT in the fourth quarter valued at approximately $55,000. First Horizon Advisors Inc. raised its stake in shares of EQT by 33.1% during the 4th 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 during the period. Finally, Larson Financial Group LLC lifted its position in shares of EQT by 1,343.8% during the 4th quarter. Larson Financial Group LLC now owns 1,386 shares of the oil and gas producer's stock valued at $64,000 after buying an additional 1,290 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company's stock.

EQT Trading Up 2.9 %

Shares of EQT traded up $1.44 during mid-day trading on Friday, reaching $51.80. The stock had a trading volume of 6,651,883 shares, compared to its average volume of 7,838,076. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The business's fifty day moving average is $50.27 and its 200 day moving average is $47.65. EQT Co. has a 52-week low of $30.02 and a 52-week high of $56.66. The firm has a market cap of $31.01 billion, a price-to-earnings ratio of 129.50, a P/E/G ratio of 0.64 and a beta of 1.35.

EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.20. The business had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.16 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. On average, sell-side analysts predict that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th will be given a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a yield of 1.22%. EQT's dividend payout ratio is currently 110.53%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EQT. Stephens reduced their price objective on shares of EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Morgan Stanley upped their price target on shares of EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Scotiabank lowered shares of EQT from a "sector outperform" rating to a "sector perform" rating and decreased their price target for the company from $55.00 to $54.00 in a research note on Friday, January 17th. Citigroup boosted their price objective on EQT from $51.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $49.00 target price on shares of EQT in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.39.

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.