ANTIPODES PARTNERS Ltd Sells 54,157 Shares of EQT Corporation (NYSE:EQT)

ANTIPODES PARTNERS Ltd reduced its stake in EQT Corporation (NYSE:EQT - Free Report) by 3.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,419,954 shares of the oil and gas producer's stock after selling 54,157 shares during the period. EQT makes up approximately 2.4% of ANTIPODES PARTNERS Ltd's investment portfolio, making the stock its 19th biggest position. ANTIPODES PARTNERS Ltd owned about 0.24% of EQT worth $75,874,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in EQT. Thrivent Financial for Lutherans lifted its stake in EQT by 50.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 45,867 shares of the oil and gas producer's stock worth $2,096,000 after purchasing an additional 15,327 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in EQT during the fourth quarter worth $244,000. TD Private Client Wealth LLC lifted its stake in EQT by 21.5% during the fourth quarter. TD Private Client Wealth LLC now owns 4,659 shares of the oil and gas producer's stock worth $215,000 after purchasing an additional 823 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in EQT during the fourth quarter worth $6,096,000. Finally, Vanguard Group Inc. lifted its stake in EQT by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 72,530,286 shares of the oil and gas producer's stock worth $3,344,371,000 after purchasing an additional 358,649 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Barclays upped their target price on EQT from $65.00 to $68.00 and gave the stock an "overweight" rating in a research note on Wednesday. Wells Fargo & Company increased their price target on EQT from $59.00 to $63.00 and gave the company an "overweight" rating in a research note on Monday, June 16th. Jefferies Financial Group reiterated a "buy" rating and issued a $70.00 price target (up from $60.00) on shares of EQT in a research note on Tuesday, July 8th. Piper Sandler increased their price target on EQT from $48.00 to $49.00 and gave the company a "neutral" rating in a research note on Friday. Finally, Mizuho upgraded EQT to an "outperform" rating and set a $66.00 price target for the company in a research note on Tuesday, July 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, EQT presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.84.

EQT Trading Down 3.3%

EQT stock traded down $1.81 during trading hours on Friday, reaching $52.22. 8,472,081 shares of the company's stock were exchanged, compared to its average volume of 9,672,821. The company has a quick ratio of 0.57, a current ratio of 0.71 and a debt-to-equity ratio of 0.32. The firm's 50 day simple moving average is $56.38 and its 200 day simple moving average is $53.07. EQT Corporation has a twelve month low of $30.02 and a twelve month high of $61.02. The firm has a market capitalization of $32.59 billion, a PE ratio of 28.23, a PEG ratio of 0.37 and a beta of 0.65.

EQT (NYSE:EQT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The oil and gas producer reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.07). EQT had a return on equity of 6.24% and a net margin of 15.87%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the previous year, the business posted ($0.08) earnings per share. Research analysts predict that EQT Corporation will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 6th will be issued a dividend of $0.1575 per share. The ex-dividend date of this dividend is Wednesday, August 6th. This represents a $0.63 dividend on an annualized basis and a yield of 1.21%. EQT's payout ratio is currently 34.05%.

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.