Pullen Investment Management LLC decreased its position in shares of EQT Co. (NYSE:EQT - Free Report) by 81.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,083 shares of the oil and gas producer's stock after selling 17,500 shares during the quarter. Pullen Investment Management LLC's holdings in EQT were worth $218,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. D.A. Davidson & CO. boosted its stake in shares of EQT by 13.4% during the 4th quarter. D.A. Davidson & CO. now owns 6,467 shares of the oil and gas producer's stock worth $298,000 after acquiring an additional 762 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of EQT during the 4th quarter worth approximately $244,000. Nkcfo LLC purchased a new stake in shares of EQT during the 4th quarter worth approximately $738,000. Bradley Foster & Sargent Inc. CT boosted its stake in shares of EQT by 31.9% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 67,004 shares of the oil and gas producer's stock worth $3,090,000 after acquiring an additional 16,204 shares in the last quarter. Finally, National Pension Service boosted its stake in shares of EQT by 15.0% during the 4th quarter. National Pension Service now owns 870,013 shares of the oil and gas producer's stock worth $40,116,000 after acquiring an additional 113,600 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company's stock.
EQT Trading Up 2.3%
EQT traded up $1.30 during trading on Friday, hitting $56.82. The company's stock had a trading volume of 7,731,773 shares, compared to its average volume of 7,905,891. The firm's 50 day moving average price is $53.14 and its 200-day moving average price is $50.63. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The stock has a market cap of $34.02 billion, a PE ratio of 142.06, a PEG ratio of 0.64 and a beta of 0.65. EQT Co. has a twelve month low of $30.02 and a twelve month high of $57.37.
EQT (NYSE:EQT - Get Free Report) last issued its earnings results 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. The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. On average, analysts expect that EQT Co. 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 given a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Wednesday, May 7th. EQT's dividend payout ratio (DPR) is currently 110.53%.
Analyst Ratings Changes
Several equities research analysts have recently commented on EQT shares. Wells Fargo & Company boosted their price target on EQT from $53.00 to $58.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. JPMorgan Chase & Co. upped their target price on EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. Stephens reduced their target price 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 upped their target price on EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, March 17th. Finally, Wall Street Zen lowered EQT from a "hold" rating to a "sell" rating in a research note on Monday, April 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $57.11.
Get Our Latest Stock Report on EQT
EQT Profile
(
Free Report)
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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