EQT Co. (NYSE:EQT) Position Lessened by NewEdge Advisors LLC

NewEdge Advisors LLC lessened its stake in shares of EQT Co. (NYSE:EQT - Free Report) by 48.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,121 shares of the oil and gas producer's stock after selling 28,696 shares during the quarter. NewEdge Advisors LLC's holdings in EQT were worth $1,389,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its position in EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock worth $45,000 after purchasing an additional 205 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of EQT by 22.7% during the fourth 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 in the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of EQT in the fourth quarter valued at approximately $55,000. First Horizon Advisors Inc. lifted its stake in shares of EQT by 33.1% during the fourth quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer's stock valued at $55,000 after buying an additional 298 shares during the period. Finally, Larson Financial Group LLC boosted its position in EQT by 1,343.8% during the fourth 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 last quarter. Hedge funds and other institutional investors own 90.81% of the company's stock.

EQT Stock Down 0.3 %

Shares of NYSE EQT traded down $0.16 during trading on Tuesday, reaching $50.96. 1,382,456 shares of the stock were exchanged, compared to its average volume of 7,783,406. EQT Co. has a twelve month low of $30.02 and a twelve month high of $56.66. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $30.50 billion, a price-to-earnings ratio of 127.51, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. The business's 50-day moving average price is $50.24 and its 200 day moving average price is $47.26.

EQT (NYSE:EQT - Get Free Report) last released its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, beating the consensus estimate of $0.98 by $0.20. EQT had a return on equity of 4.35% and a net margin of 4.37%. The company had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.16 billion. As a group, equities analysts forecast that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 7th will be given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.24%. 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

A number of research analysts have weighed in on the company. Piper Sandler reduced their price target on EQT from $36.00 to $35.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. increased their target price on EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. StockNews.com lowered shares of EQT from a "hold" rating to a "sell" rating in a report on Monday, April 7th. Mizuho boosted their target price on shares of EQT from $57.00 to $60.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Finally, Citigroup increased their price target on shares of EQT from $51.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $55.39.

EQT Company 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.