EQT Co. (NYSE:EQT) Shares Sold by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co cut its stake in EQT Co. (NYSE:EQT - Free Report) by 9.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 198,960 shares of the oil and gas producer's stock after selling 20,264 shares during the quarter. CANADA LIFE ASSURANCE Co's holdings in EQT were worth $9,173,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Invesco Ltd. grew its holdings in shares of EQT by 46.3% during the fourth quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer's stock worth $606,059,000 after buying an additional 4,162,065 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in EQT by 386.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,347,660 shares of the oil and gas producer's stock valued at $205,830,000 after acquiring an additional 3,454,741 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of EQT during the 4th quarter worth approximately $113,924,000. Clearbridge Investments LLC increased its holdings in shares of EQT by 14.7% in the fourth quarter. Clearbridge Investments LLC now owns 13,829,938 shares of the oil and gas producer's stock valued at $637,698,000 after purchasing an additional 1,774,696 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd purchased a new stake in EQT in the 4th quarter valued at $67,977,000. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

EQT Stock Performance

EQT traded up $1.44 on Friday, hitting $50.26. 9,360,326 shares of the company traded hands, compared to its average volume of 7,802,103. The company has a 50 day moving average of $50.31 and a 200-day moving average of $47.16. EQT Co. has a 12-month low of $30.02 and a 12-month high of $56.66. The stock has a market capitalization of $30.09 billion, a PE ratio of 125.65, a PEG ratio of 0.64 and a beta of 1.35. The company has a quick ratio of 0.51, a current ratio of 0.70 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 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.20. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. Sell-side analysts anticipate that EQT Co. will post 3.27 earnings per share for the current year.

EQT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th will be paid a dividend of $0.1575 per share. The ex-dividend date is Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.25%. EQT's dividend payout ratio (DPR) is 110.53%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. TD Cowen raised shares of EQT from a "hold" rating to a "buy" rating and set a $54.00 price target on the stock in a research report on Tuesday, April 8th. Scotiabank lowered EQT from a "sector outperform" rating to a "sector perform" rating and lowered their price target for the stock from $55.00 to $54.00 in a research report on Friday, January 17th. Jefferies Financial Group upped their target price on shares of EQT from $45.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. UBS Group reduced their target price on shares of EQT from $55.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Finally, Mizuho upped their price objective on EQT from $57.00 to $60.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average 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.