Cresset Asset Management LLC Has $819,000 Position in EQT Co. (NYSE:EQT)

Cresset Asset Management LLC reduced its stake in EQT Co. (NYSE:EQT - Free Report) by 42.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 17,761 shares of the oil and gas producer's stock after selling 13,358 shares during the quarter. Cresset Asset Management LLC's holdings in EQT were worth $819,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in EQT by 26.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock worth $45,000 after purchasing an additional 205 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in EQT by 22.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock worth $48,000 after purchasing an additional 193 shares during the last quarter. Stonebridge Financial Group LLC acquired a new stake in EQT in the 4th quarter worth approximately $55,000. First Horizon Advisors Inc. lifted its holdings in EQT by 33.1% in the 4th quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer's stock worth $55,000 after purchasing an additional 298 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in EQT by 1,343.8% in the 4th quarter. Larson Financial Group LLC now owns 1,386 shares of the oil and gas producer's stock worth $64,000 after purchasing an additional 1,290 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

EQT Stock Performance

EQT opened at $54.45 on Tuesday. The stock's 50 day simple moving average is $50.90 and its 200-day simple moving average is $48.38. EQT Co. has a 1 year low of $30.02 and a 1 year high of $56.66. The stock has a market cap of $32.60 billion, a PE ratio of 136.13, a P/E/G ratio of 0.64 and a beta of 0.59. 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 (NYSE:EQT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.20. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. Sell-side analysts forecast that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th will be paid a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.16%. The ex-dividend date is Wednesday, May 7th. EQT's payout ratio is 110.53%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wells Fargo & Company boosted their target price on EQT from $53.00 to $58.00 and gave the stock an "overweight" rating in a report on Wednesday, March 19th. Stephens dropped their price target on EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Morgan Stanley lifted their price target on EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. UBS Group raised EQT from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $54.00 to $64.00 in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. lifted their price target on EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $55.94.

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.

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