EQT Corporation (NYSE:EQT) Shares Sold by Trek Financial LLC

Trek Financial LLC cut its holdings in EQT Corporation (NYSE:EQT - Free Report) by 32.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 73,544 shares of the oil and gas producer's stock after selling 34,823 shares during the period. Trek Financial LLC's holdings in EQT were worth $3,929,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in EQT. Invesco Ltd. lifted its stake in EQT by 46.3% during the fourth quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer's stock worth $606,059,000 after purchasing an additional 4,162,065 shares in the last quarter. Slate Path Capital LP acquired a new position in EQT during the fourth quarter worth $123,575,000. Castle Hook Partners LP lifted its stake in EQT by 199.5% during the fourth quarter. Castle Hook Partners LP now owns 3,990,714 shares of the oil and gas producer's stock worth $184,012,000 after purchasing an additional 2,658,375 shares in the last quarter. Capital International Investors lifted its stake in EQT by 21.3% during the fourth quarter. Capital International Investors now owns 13,855,244 shares of the oil and gas producer's stock worth $638,867,000 after purchasing an additional 2,433,632 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its stake in EQT by 14.7% during the fourth quarter. Clearbridge Investments LLC now owns 13,829,938 shares of the oil and gas producer's stock worth $637,698,000 after purchasing an additional 1,774,696 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

EQT Stock Performance

Shares of NYSE EQT traded down $0.51 during midday trading on Tuesday, reaching $55.66. 620,993 shares of the company were exchanged, compared to its average volume of 7,954,443. 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 Corporation has a 1 year low of $30.02 and a 1 year high of $61.02. The stock has a fifty day simple moving average of $55.81 and a 200 day simple moving average of $52.21. The stock has a market cap of $33.32 billion, a P/E ratio of 97.89, a PEG ratio of 0.34 and a beta of 0.65.

EQT (NYSE:EQT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.20. EQT had a return on equity of 5.52% and a net margin of 6.59%. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. On average, research analysts forecast that EQT Corporation will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th were given a dividend of $0.1575 per share. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.13%. EQT's payout ratio is 110.53%.

Analysts Set New Price Targets

A number of research analysts have commented on EQT shares. Stephens decreased their price target on EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Citigroup increased their price objective on EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, March 17th. Roth Capital began coverage on EQT in a research note on Tuesday, June 24th. They issued a "buy" rating and a $69.00 price objective on the stock. UBS Group upgraded EQT from a "neutral" rating to a "buy" rating and increased their price objective for the company from $54.00 to $64.00 in a research note on Monday, May 5th. Finally, Morgan Stanley increased their price objective on EQT from $62.00 to $65.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $58.65.

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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