EQT Co. (NYSE:EQT) Stock Holdings Lowered by Paloma Partners Management Co

Paloma Partners Management Co decreased its position in shares of EQT Co. (NYSE:EQT - Free Report) by 9.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 970,878 shares of the oil and gas producer's stock after selling 96,000 shares during the quarter. EQT accounts for 2.0% of Paloma Partners Management Co's portfolio, making the stock its 8th largest position. Paloma Partners Management Co owned about 0.16% of EQT worth $44,767,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in EQT. EverSource Wealth Advisors LLC boosted its holdings in EQT by 26.6% in the fourth 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 boosted its holdings in EQT by 22.7% in the fourth 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 purchased a new stake in EQT in the fourth quarter worth approximately $55,000. First Horizon Advisors Inc. boosted its holdings in 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 worth $55,000 after purchasing an additional 298 shares during the last quarter. Finally, Larson Financial Group LLC boosted its holdings in 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 worth $64,000 after purchasing an additional 1,290 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company's stock.

Analyst Ratings Changes

EQT has been the topic of several research reports. Piper Sandler dropped their target price on shares of EQT from $36.00 to $35.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Scotiabank cut shares of EQT from a "sector outperform" rating to a "sector perform" rating and dropped their price target for the stock from $55.00 to $54.00 in a research note on Friday, January 17th. UBS Group reduced their price objective on EQT from $55.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Wells Fargo & Company lifted their target price on EQT from $53.00 to $58.00 and gave the company an "overweight" rating in a research report on Wednesday, March 19th. Finally, Sanford C. Bernstein upgraded EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price target for the company in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $55.39.

EQT Price Performance

NYSE:EQT opened at $51.14 on Tuesday. The business's 50-day moving average is $50.24 and its 200 day moving average is $47.26. EQT Co. has a 12 month low of $30.02 and a 12 month high of $56.66. The company has a market capitalization of $30.61 billion, a P/E ratio of 127.85, a P/E/G ratio of 0.64 and a beta of 1.35. 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 released its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.20. EQT had a net margin of 4.37% and a return on equity of 4.35%. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.16 billion. On average, equities research analysts forecast that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 7th will be given a $0.1575 dividend. The ex-dividend date is Wednesday, May 7th. This represents a $0.63 annualized dividend and a yield of 1.23%. EQT's dividend payout ratio is currently 110.53%.

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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