EQT Corporation (NYSE:EQT) Position Trimmed by Emerald Advisers LLC

Emerald Advisers LLC lessened its holdings in shares of EQT Corporation (NYSE:EQT - Free Report) by 67.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,989 shares of the oil and gas producer's stock after selling 18,578 shares during the quarter. Emerald Advisers LLC's holdings in EQT were worth $480,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EQT. University of Texas Texas AM Investment Management Co. lifted its holdings in shares of EQT by 47.7% during the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer's stock valued at $44,000 after buying an additional 310 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings 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 valued at $45,000 after buying an additional 205 shares during the last quarter. Mascagni Wealth Management Inc. acquired a new stake in shares of EQT during the 4th quarter valued at about $55,000. Colonial Trust Co SC lifted its holdings in shares of EQT by 255.5% during the 4th quarter. Colonial Trust Co SC now owns 1,422 shares of the oil and gas producer's stock valued at $66,000 after buying an additional 1,022 shares during the last quarter. Finally, Generali Investments Management Co LLC acquired a new stake in shares of EQT during the 4th quarter valued at about $69,000. Hedge funds and other institutional investors own 90.81% of the company's stock.

EQT Stock Performance

Shares of NYSE EQT opened at $55.33 on Monday. The business has a fifty day simple moving average of $56.14 and a 200 day simple moving average of $52.50. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $33.13 billion, a price-to-earnings ratio of 97.07, a PEG ratio of 0.35 and a beta of 0.65. EQT Corporation has a one year low of $30.02 and a one year high of $61.02.

EQT (NYSE:EQT - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.20. The business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.16 billion. EQT had a return on equity of 5.52% and a net margin of 6.59%. Sell-side analysts expect that EQT Corporation will post 3.27 EPS for the current year.

EQT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th were paid a $0.1575 dividend. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $0.63 annualized dividend and a dividend yield of 1.14%. EQT's dividend payout ratio is presently 110.53%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on EQT shares. UBS Group raised EQT from a "neutral" rating to a "buy" rating and upped their target price for the stock from $54.00 to $64.00 in a research report on Monday, May 5th. Roth Capital started coverage on EQT in a research report on Tuesday, June 24th. They set a "buy" rating and a $69.00 target price for the company. Wall Street Zen cut EQT from a "hold" rating to a "sell" rating in a research report on Monday, April 7th. Mizuho raised EQT to an "outperform" rating and set a $66.00 target price for the company in a research report on Tuesday, July 8th. Finally, Scotiabank upped their target price on EQT from $62.00 to $66.00 and gave the stock a "sector perform" rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.15.

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.

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