GF Fund Management CO. LTD. Reduces Stake in EQT Corporation (NYSE:EQT)

GF Fund Management CO. LTD. lessened its position in EQT Corporation (NYSE:EQT - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 173,513 shares of the oil and gas producer's stock after selling 6,872 shares during the period. GF Fund Management CO. LTD.'s holdings in EQT were worth $9,271,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position 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 purchasing an additional 205 shares during the last quarter. Generali Investments Management Co LLC grew its position in EQT by 14.1% during the first quarter. Generali Investments Management Co LLC now owns 1,711 shares of the oil and gas producer's stock valued at $91,000 after buying an additional 211 shares during the period. Bartlett & CO. Wealth Management LLC increased its holdings in EQT by 3.9% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 5,783 shares of the oil and gas producer's stock valued at $309,000 after buying an additional 219 shares during the last quarter. Huntington National Bank raised its position in EQT by 7.4% in the fourth 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. Finally, Blue Trust Inc. raised its position in EQT by 16.1% in the first quarter. Blue Trust Inc. now owns 1,806 shares of the oil and gas producer's stock worth $96,000 after acquiring an additional 250 shares during the period. Institutional investors own 90.81% of the company's stock.

EQT Price Performance

Shares of NYSE:EQT traded down $0.79 during mid-day trading on Friday, reaching $55.36. The stock had a trading volume of 4,295,628 shares, compared to its average volume of 7,983,694. The business's 50 day moving average price is $55.61 and its 200 day moving average price is $51.91. EQT Corporation has a 1 year low of $30.02 and a 1 year high of $61.02. The company has a market cap of $33.15 billion, a P/E ratio of 97.12, a price-to-earnings-growth ratio of 0.34 and a beta of 0.65. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.33.

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

EQT Announces Dividend

The firm also recently declared 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. This represents a $0.63 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Wednesday, May 7th. EQT's payout ratio is 110.53%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. UBS Group raised shares of EQT from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $54.00 to $64.00 in a research report on Monday, May 5th. Wall Street Zen lowered EQT from a "hold" rating to a "sell" rating in a report on Monday, April 7th. Morgan Stanley upped their price target on EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Stephens lowered their price objective on EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Finally, TD Cowen upgraded EQT from a "hold" rating to a "buy" rating and set a $54.00 price objective for the company in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $58.00.

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.