Callahan Advisors LLC Has $16.65 Million Stock Position in EQT Corporation (NYSE:EQT)

Callahan Advisors LLC reduced its stake in shares of EQT Corporation (NYSE:EQT - Free Report) by 7.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 311,658 shares of the oil and gas producer's stock after selling 24,288 shares during the period. EQT makes up approximately 1.6% of Callahan Advisors LLC's portfolio, making the stock its 21st biggest holding. Callahan Advisors LLC owned 0.05% of EQT worth $16,652,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in EQT by 26.6% in 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 during the period. Fidelis Capital Partners LLC boosted its holdings in EQT by 2.6% in the 1st quarter. Fidelis Capital Partners LLC now owns 8,281 shares of the oil and gas producer's stock worth $416,000 after acquiring an additional 207 shares during the period. Generali Investments Management Co LLC boosted its holdings in EQT by 14.1% in the 1st quarter. Generali Investments Management Co LLC now owns 1,711 shares of the oil and gas producer's stock worth $91,000 after acquiring an additional 211 shares during the period. Bartlett & CO. Wealth Management LLC boosted its holdings in EQT by 3.9% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 5,783 shares of the oil and gas producer's stock worth $309,000 after acquiring an additional 219 shares during the period. Finally, Huntington National Bank boosted its holdings in EQT by 7.4% in the 4th quarter. Huntington National Bank now owns 3,265 shares of the oil and gas producer's stock worth $151,000 after acquiring an additional 224 shares during the period. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on EQT shares. Wall Street Zen cut EQT from a "hold" rating to a "sell" rating in a research note on Monday, April 7th. UBS Group upgraded EQT from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $54.00 to $64.00 in a research note on Monday, May 5th. Barclays assumed coverage on EQT in a research note on Monday. They set an "overweight" rating and a $65.00 price objective on the stock. Morgan Stanley raised their price objective on EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Finally, Royal Bank Of Canada raised their price objective on EQT from $55.00 to $60.00 and gave the stock a "sector perform" rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $60.15.

EQT Stock Performance

Shares of EQT traded up $0.81 during trading hours on Friday, reaching $55.33. 5,152,372 shares of the company's stock traded hands, compared to its average volume of 8,043,542. The firm has a market capitalization of $33.13 billion, a price-to-earnings ratio of 97.07, a P/E/G ratio of 0.34 and a beta of 0.65. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.57 and a quick ratio of 0.57. EQT Corporation has a twelve month low of $30.02 and a twelve month high of $61.02. The business's fifty day simple moving average is $56.07 and its two-hundred day simple moving average is $52.32.

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

EQT Dividend Announcement

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

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.