Rafferty Asset Management LLC Sells 38,524 Shares of EQT Co. (NYSE:EQT)

Rafferty Asset Management LLC reduced its holdings in shares of EQT Co. (NYSE:EQT - Free Report) by 12.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 279,449 shares of the oil and gas producer's stock after selling 38,524 shares during the quarter. Rafferty Asset Management LLC's holdings in EQT were worth $12,885,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in EQT. EverSource Wealth Advisors LLC grew its stake in shares of EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock worth $45,000 after acquiring an additional 205 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of EQT by 22.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock worth $48,000 after acquiring an additional 193 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in shares of EQT during the 4th quarter worth approximately $55,000. First Horizon Advisors Inc. grew its stake in shares of EQT by 33.1% in the fourth quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer's stock valued at $55,000 after buying an additional 298 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of EQT by 1,343.8% in the fourth quarter. Larson Financial Group LLC now owns 1,386 shares of the oil and gas producer's stock valued at $64,000 after buying an additional 1,290 shares in the last quarter. 90.81% of the stock is owned by institutional investors.

EQT Stock Performance

Shares of EQT stock traded up $0.53 during trading on Tuesday, reaching $56.09. The company's stock had a trading volume of 5,805,327 shares, compared to its average volume of 7,945,379. The business's 50-day moving average price is $51.71 and its 200-day moving average price is $49.04. The firm has a market cap of $33.58 billion, a PE ratio of 140.23, a P/E/G ratio of 0.64 and a beta of 0.59. EQT Co. has a 52 week low of $30.02 and a 52 week high of $57.31. 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, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $2.16 billion. Equities analysts forecast that EQT Co. will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 7th will be given a dividend of $0.1575 per share. The ex-dividend date is Wednesday, May 7th. This represents a $0.63 annualized dividend and a yield of 1.12%. EQT's dividend payout ratio is 110.53%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EQT. Mizuho raised their target price on shares of EQT from $57.00 to $60.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. TD Cowen raised shares of EQT from a "hold" rating to a "buy" rating and set a $54.00 target price for the company in a research note on Tuesday, April 8th. UBS Group raised shares of EQT from a "neutral" rating to a "buy" rating and raised their target price for the company from $54.00 to $64.00 in a research note on Monday, May 5th. Stephens decreased their target price on shares of EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, Piper Sandler raised their target price on shares of EQT from $35.00 to $48.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, EQT currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.67.

EQT 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.