Boothbay Fund Management LLC Has $11.17 Million Stake in EQT Co. (NYSE:EQT)

Boothbay Fund Management LLC lowered its position in shares of EQT Co. (NYSE:EQT - Free Report) by 4.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 242,235 shares of the oil and gas producer's stock after selling 12,135 shares during the period. Boothbay Fund Management LLC's holdings in EQT were worth $11,169,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Susquehanna Fundamental Investments LLC acquired a new stake in shares of EQT during the fourth quarter worth $26,636,000. Coldstream Capital Management Inc. lifted its stake in EQT by 26.1% in the 4th quarter. Coldstream Capital Management Inc. now owns 19,228 shares of the oil and gas producer's stock valued at $887,000 after buying an additional 3,985 shares in the last quarter. Nebula Research & Development LLC purchased a new stake in EQT during the 4th quarter worth about $961,000. Kovitz Investment Group Partners LLC purchased a new position in shares of EQT during the fourth quarter valued at approximately $420,000. Finally, Integrated Wealth Concepts LLC lifted its position in EQT by 2.2% during the fourth quarter. Integrated Wealth Concepts LLC now owns 16,945 shares of the oil and gas producer's stock worth $781,000 after buying an additional 363 shares during the period. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Scotiabank cut shares of EQT from a "sector outperform" rating to a "sector perform" rating and reduced their price target for the company from $55.00 to $54.00 in a research report on Friday, January 17th. JPMorgan Chase & Co. upped their target price on shares of EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. UBS Group dropped their price objective on shares of EQT from $55.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. The Goldman Sachs Group restated a "reduce" rating on shares of EQT in a research report on Wednesday, February 12th. Finally, Piper Sandler cut their target price on EQT from $36.00 to $35.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $55.39.

EQT Stock Down 3.5 %

NYSE EQT traded down $1.78 during trading on Wednesday, reaching $49.44. 9,743,891 shares of the company's stock were exchanged, compared to its average volume of 8,022,597. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. EQT Co. has a fifty-two week low of $48.96 and a fifty-two week high of $51.62. The company's fifty day simple moving average is $50.21 and its 200-day simple moving average is $47.28. The firm has a market capitalization of $29.60 billion, a PE ratio of 123.60, 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, topping analysts' consensus estimates of $0.98 by $0.20. EQT had a net margin of 4.37% and a return on equity of 4.35%. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.16 billion. Sell-side analysts predict that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 7th will be paid a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $0.63 annualized dividend and a dividend yield of 1.27%. EQT's payout ratio is 110.53%.

About EQT

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.