GTS Securities LLC Has $1.27 Million Stock Holdings in EQT Co. (NYSE:EQT)

GTS Securities LLC cut its holdings in shares of EQT Co. (NYSE:EQT - Free Report) by 70.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,495 shares of the oil and gas producer's stock after selling 66,906 shares during the period. GTS Securities LLC's holdings in EQT were worth $1,268,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Invesco Ltd. lifted its position in EQT by 46.3% in 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 during the period. Allspring Global Investments Holdings LLC lifted its position in EQT by 386.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,347,660 shares of the oil and gas producer's stock worth $205,830,000 after purchasing an additional 3,454,741 shares during the period. Slate Path Capital LP acquired a new stake in EQT in the fourth quarter worth approximately $123,575,000. Castle Hook Partners LP lifted its position in EQT by 199.5% in 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 during the period. Finally, Raymond James Financial Inc. acquired a new stake in EQT in the fourth quarter worth approximately $113,924,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

EQT Stock Down 2.0%

NYSE:EQT traded down $1.11 during trading hours on Wednesday, hitting $55.45. 5,045,754 shares of the stock traded hands, compared to its average volume of 7,911,817. The firm has a 50 day moving average price of $52.20 and a 200 day moving average price of $49.66. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $57.37. The firm has a market cap of $33.19 billion, a price-to-earnings ratio of 138.63, a PEG ratio of 0.64 and a beta of 0.59.

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 (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.20. EQT had a net margin of 4.37% and a return on equity of 4.35%. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.16 billion. Equities research analysts anticipate that EQT Co. will post 3.27 earnings per share for the current year.

EQT Announces Dividend

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

Analyst Ratings Changes

A number of research firms have weighed in on EQT. Wall Street Zen downgraded EQT from a "hold" rating to a "sell" rating in a research report on Monday, April 7th. Citigroup upped their target price on EQT from $51.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. Wells Fargo & Company increased their target price on shares of EQT from $53.00 to $58.00 and gave the company an "overweight" rating in a research note on Wednesday, March 19th. Stephens cut their target price on shares of EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, Mizuho increased their target price on shares of EQT from $57.00 to $60.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, EQT has an average rating of "Moderate Buy" and an average target price of $57.11.

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.