Mercer Global Advisors Inc. ADV trimmed its stake in EQT Co. (NYSE:EQT - Free Report) by 28.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,888 shares of the oil and gas producer's stock after selling 4,783 shares during the period. Mercer Global Advisors Inc. ADV's holdings in EQT were worth $548,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in shares of EQT by 26.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock valued at $45,000 after buying an additional 205 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in EQT by 22.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock worth $48,000 after buying an additional 193 shares during the period. Stonebridge Financial Group LLC purchased a new stake in shares of EQT in the 4th quarter valued at approximately $55,000. First Horizon Advisors Inc. boosted its stake in EQT by 33.1% during the 4th quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer's stock worth $55,000 after purchasing an additional 298 shares during the period. Finally, Larson Financial Group LLC lifted its stake in shares of EQT by 1,343.8% in the 4th quarter. Larson Financial Group LLC now owns 1,386 shares of the oil and gas producer's stock worth $64,000 after acquiring an additional 1,290 shares during the period. 90.81% of the stock is owned by hedge funds and other institutional investors.
EQT Stock Performance
NYSE EQT traded down $0.17 during trading hours on Friday, reaching $55.83. The company's stock had a trading volume of 4,374,261 shares, compared to its average volume of 7,950,662. EQT Co. has a 52 week low of $30.02 and a 52 week high of $57.04. The stock has a market cap of $33.42 billion, a PE ratio of 139.58, a PEG ratio of 0.64 and a beta of 0.59. The business has a 50-day simple moving average of $51.59 and a 200 day simple moving average of $48.90. 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 (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 (EPS) for the quarter, topping 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 predict that EQT Co. will post 3.27 earnings per share for the current fiscal year.
EQT Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th will be issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Wednesday, May 7th. EQT's dividend payout ratio is currently 110.53%.
Wall Street Analyst Weigh In
EQT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. Citigroup lifted their target price on shares of EQT from $51.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. TD Cowen upgraded shares of 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. Morgan Stanley boosted their price target on shares of EQT from $62.00 to $65.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Finally, Stephens cut their target price on shares of EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, EQT has an average rating of "Moderate Buy" and a consensus price target of $56.67.
Check Out Our Latest Analysis on EQT
EQT Company 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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