EQT Co. (NYSE:EQT) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lowered its position in EQT Co. (NYSE:EQT - Free Report) by 3.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 666,125 shares of the oil and gas producer's stock after selling 23,912 shares during the period. California Public Employees Retirement System owned 0.16% of EQT worth $25,752,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BKM Wealth Management LLC purchased a new position in EQT in the 4th quarter valued at $40,000. Allworth Financial LP raised its holdings in shares of EQT by 26.9% during the 3rd quarter. Allworth Financial LP now owns 1,332 shares of the oil and gas producer's stock worth $54,000 after acquiring an additional 282 shares during the period. First Command Advisory Services Inc. purchased a new position in shares of EQT during the 3rd quarter worth $54,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of EQT by 52.6% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,563 shares of the oil and gas producer's stock worth $60,000 after acquiring an additional 539 shares during the period. Finally, CX Institutional purchased a new position in shares of EQT during the 4th quarter worth $64,000. Hedge funds and other institutional investors own 90.81% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Piper Sandler reduced their price target on EQT from $47.00 to $41.00 and set an "overweight" rating on the stock in a report on Friday, April 19th. Sanford C. Bernstein upgraded EQT from an "underperform" rating to a "market perform" rating and lifted their price target for the stock from $27.00 to $34.00 in a report on Wednesday, April 10th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $37.00 price target (down previously from $39.00) on shares of EQT in a report on Wednesday, March 20th. StockNews.com upgraded shares of EQT to a "sell" rating in a report on Tuesday, March 12th. Finally, Stephens boosted their price objective on shares of EQT from $46.00 to $47.00 and gave the company an "equal weight" rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $44.25.

EQT Trading Up 0.5 %

NYSE EQT traded up $0.20 during trading on Friday, hitting $40.61. The stock had a trading volume of 7,059,896 shares, compared to its average volume of 6,116,710. The company has a market capitalization of $17.93 billion, a PE ratio of 29.43 and a beta of 1.12. The company has a quick ratio of 0.99, a current ratio of 0.88 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average price of $36.43 and a 200 day moving average price of $37.91. EQT Co. has a twelve month low of $30.84 and a twelve month high of $45.23.

EQT (NYSE:EQT - Get Free Report) last released its earnings results on Tuesday, April 23rd. The oil and gas producer reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.17. EQT had a return on equity of 4.57% and a net margin of 10.96%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the company posted $1.70 EPS. EQT's revenue was down 28.8% compared to the same quarter last year. As a group, equities research analysts forecast that EQT Co. will post 1.01 earnings per share for the current year.

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 8th will be given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Tuesday, May 7th. EQT's dividend payout ratio is presently 45.65%.

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.