EQT Corporation (NYSE:EQT) Stake Lowered by Vantage Investment Partners LLC

Vantage Investment Partners LLC lessened its holdings in shares of EQT Corporation (NYSE:EQT - Free Report) by 6.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,057,054 shares of the oil and gas producer's stock after selling 68,782 shares during the period. EQT accounts for about 4.7% of Vantage Investment Partners LLC's investment portfolio, making the stock its 2nd biggest holding. Vantage Investment Partners LLC owned 0.18% of EQT worth $56,478,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. D.A. Davidson & CO. raised its holdings in EQT by 13.4% during the fourth quarter. D.A. Davidson & CO. now owns 6,467 shares of the oil and gas producer's stock worth $298,000 after purchasing an additional 762 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in EQT during the fourth quarter worth approximately $244,000. Bradley Foster & Sargent Inc. CT raised its holdings in EQT by 31.9% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 67,004 shares of the oil and gas producer's stock worth $3,090,000 after purchasing an additional 16,204 shares in the last quarter. National Pension Service raised its holdings in EQT by 15.0% during the fourth quarter. National Pension Service now owns 870,013 shares of the oil and gas producer's stock worth $40,116,000 after purchasing an additional 113,600 shares in the last quarter. Finally, Aviva PLC bought a new stake in EQT during the fourth quarter worth approximately $14,719,000. Institutional investors own 90.81% of the company's stock.

EQT Trading Down 1.8%

NYSE EQT traded down $1.10 on Monday, hitting $59.34. 8,508,460 shares of the stock were exchanged, compared to its average volume of 7,900,372. EQT Corporation has a 52-week low of $30.02 and a 52-week high of $61.44. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market capitalization of $35.52 billion, a price-to-earnings ratio of 104.11, a P/E/G ratio of 0.37 and a beta of 0.65. The company's 50-day moving average price is $54.15 and its two-hundred day moving average price is $51.18.

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

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th were issued a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Wednesday, May 7th. EQT's dividend payout ratio is currently 110.53%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on EQT shares. UBS Group raised EQT from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $54.00 to $64.00 in a report on Monday, May 5th. Piper Sandler boosted their target price on EQT from $35.00 to $48.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Citigroup upped their price target on EQT from $51.00 to $60.00 and gave the company a "buy" rating in a report on Monday, March 17th. Wall Street Zen cut EQT from a "hold" rating to a "sell" rating in a report on Monday, April 7th. Finally, Morgan Stanley upped their price target on EQT from $62.00 to $65.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $57.39.

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.