Clearline Capital LP decreased its position in EQT Co. (NYSE:EQT - Free Report) by 42.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,747 shares of the oil and gas producer's stock after selling 56,208 shares during the quarter. Clearline Capital LP's holdings in EQT were worth $3,539,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of EQT in the third quarter valued at about $165,000. Franklin Resources Inc. grew its position in shares of EQT by 121.1% during the 3rd quarter. Franklin Resources Inc. now owns 316,945 shares of the oil and gas producer's stock worth $11,600,000 after purchasing an additional 173,596 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of EQT by 39.4% during the third quarter. Principal Financial Group Inc. now owns 700,714 shares of the oil and gas producer's stock worth $25,674,000 after purchasing an additional 198,227 shares during the period. Fulton Bank N.A. raised its position in shares of EQT by 24.2% in the fourth quarter. Fulton Bank N.A. now owns 14,478 shares of the oil and gas producer's stock valued at $668,000 after buying an additional 2,817 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC boosted its stake in shares of EQT by 44.5% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 9,813 shares of the oil and gas producer's stock valued at $452,000 after buying an additional 3,021 shares during the period. Institutional investors own 90.81% of the company's stock.
EQT Trading Up 3.5 %
Shares of NYSE:EQT traded up $1.88 during mid-day trading on Friday, reaching $55.28. 7,706,021 shares of the company's stock were exchanged, compared to its average volume of 7,893,260. The firm has a market capitalization of $33.09 billion, a price-to-earnings ratio of 138.20, a PEG ratio of 0.64 and a beta of 0.59. EQT Co. has a twelve month low of $30.02 and a twelve month high of $56.66. The business's fifty day moving average price is $50.81 and its 200-day moving average price is $48.18. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70.
EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.20. EQT had a return on equity of 4.35% and a net margin of 4.37%. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. On average, research analysts predict that EQT Co. will post 3.27 EPS for the current fiscal year.
EQT Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th will be paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Wednesday, May 7th. EQT's dividend payout ratio is currently 110.53%.
Analyst Ratings Changes
A number of research firms have recently weighed in on EQT. Scotiabank lowered EQT from a "sector outperform" rating to a "sector perform" rating and reduced their target price for the stock from $55.00 to $54.00 in a report on Friday, January 17th. Morgan Stanley raised their target price on shares of EQT from $62.00 to $65.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. The Goldman Sachs Group reiterated a "reduce" rating on shares of EQT in a research report on Wednesday, February 12th. Piper Sandler lowered their price objective on shares of EQT from $36.00 to $35.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Finally, Citigroup raised their target price on EQT from $51.00 to $60.00 and gave the company a "buy" rating in a report on Monday, March 17th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, EQT presently has a consensus rating of "Moderate Buy" and an average price target of $55.94.
Check Out Our Latest Stock Analysis on EQT
EQT Profile
(
Free Report)
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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