EQT Co. (NYSE:EQT) Holdings Decreased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. lessened its stake in EQT Co. (NYSE:EQT - Free Report) by 21.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,322,992 shares of the oil and gas producer's stock after selling 360,202 shares during the period. EQT accounts for 0.3% of Jefferies Financial Group Inc.'s portfolio, making the stock its 20th biggest holding. Jefferies Financial Group Inc. owned about 0.22% of EQT worth $61,003,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Franklin Resources Inc. boosted its stake in EQT by 121.1% during the third quarter. Franklin Resources Inc. now owns 316,945 shares of the oil and gas producer's stock valued at $11,600,000 after buying an additional 173,596 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of EQT by 39.4% during the 3rd quarter. Principal Financial Group Inc. now owns 700,714 shares of the oil and gas producer's stock valued at $25,674,000 after purchasing an additional 198,227 shares in the last quarter. Baker Tilly Wealth Management LLC grew its stake in shares of EQT by 44.5% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 9,813 shares of the oil and gas producer's stock worth $452,000 after purchasing an additional 3,021 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of EQT by 15.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 41,508 shares of the oil and gas producer's stock worth $1,914,000 after purchasing an additional 5,489 shares in the last quarter. Finally, Czech National Bank lifted its stake in EQT by 6.9% during the fourth quarter. Czech National Bank now owns 129,373 shares of the oil and gas producer's stock valued at $5,965,000 after purchasing an additional 8,363 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.

EQT Price Performance

Shares of EQT stock opened at $55.28 on Friday. The firm has a fifty day moving average price of $50.81 and a two-hundred day moving average price of $48.18. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $56.66. 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 company has a market cap of $33.09 billion, a PE ratio of 138.20, a price-to-earnings-growth ratio of 0.64 and a beta of 0.59.

EQT (NYSE:EQT - Get Free Report) last released 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. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.16 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. Analysts expect that EQT Co. will post 3.27 EPS for the current year.

EQT Announces Dividend

The company also recently announced 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 is Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.14%. EQT's payout ratio is 110.53%.

Analysts Set New Price Targets

Several research firms have issued reports on EQT. The Goldman Sachs Group restated a "reduce" rating on shares of EQT in a research report on Wednesday, February 12th. UBS Group upgraded EQT from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $54.00 to $64.00 in a report on Monday, May 5th. Truist Financial increased their price target on EQT from $41.00 to $56.00 and gave the company a "hold" rating in a research report on Monday, January 13th. Morgan Stanley boosted their price objective on EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Finally, TD Cowen upgraded shares of EQT from a "hold" rating to a "buy" rating and set a $54.00 target price for the company in a report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $55.94.

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.

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