EQT Co. (NYSE:EQT) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its holdings in EQT Co. (NYSE:EQT - Free Report) by 45.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,727 shares of the oil and gas producer's stock after selling 44,006 shares during the period. Yousif Capital Management LLC's holdings in EQT were worth $2,038,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC bought a new stake in shares of EQT during the 4th quarter worth approximately $169,000. Illinois Municipal Retirement Fund lifted its holdings in shares of EQT by 498.3% during the 4th quarter. Illinois Municipal Retirement Fund now owns 127,300 shares of the oil and gas producer's stock worth $4,921,000 after acquiring an additional 106,024 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of EQT by 6.6% during the 4th quarter. New York State Common Retirement Fund now owns 793,504 shares of the oil and gas producer's stock worth $30,677,000 after acquiring an additional 49,174 shares during the period. Wedge Capital Management L L P NC lifted its holdings in shares of EQT by 14.1% during the 4th quarter. Wedge Capital Management L L P NC now owns 511,988 shares of the oil and gas producer's stock worth $19,793,000 after acquiring an additional 63,190 shares during the period. Finally, Jennison Associates LLC lifted its holdings in shares of EQT by 50.5% during the 4th quarter. Jennison Associates LLC now owns 231,335 shares of the oil and gas producer's stock worth $8,943,000 after acquiring an additional 77,663 shares during the period. Institutional investors own 90.81% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EQT. Sanford C. Bernstein raised shares of EQT from an "underperform" rating to a "market perform" rating and upped their price target for the stock from $27.00 to $34.00 in a report on Wednesday, April 10th. Stephens upped their price objective on shares of EQT from $46.00 to $47.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $37.00 price objective (down from $39.00) on shares of EQT in a research report on Wednesday, March 20th. Scotiabank upgraded shares of EQT from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the stock from $40.00 to $52.00 in a research report on Thursday, April 11th. Finally, Wells Fargo & Company cut shares of EQT from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $48.00 to $37.00 in a research report on Wednesday, April 17th. One 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $44.56.

EQT Trading Down 3.6 %

Shares of EQT traded down $1.46 during trading hours on Wednesday, hitting $38.63. 8,342,108 shares of the stock were exchanged, compared to its average volume of 6,619,014. EQT Co. has a fifty-two week low of $30.84 and a fifty-two week high of $45.23. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.88. The business has a 50-day moving average of $36.68 and a 200-day moving average of $37.87. The firm has a market capitalization of $17.06 billion, a P/E ratio of 28.17 and a beta of 1.12.

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

EQT Dividend Announcement

The company 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 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Tuesday, May 7th. EQT's dividend payout ratio (DPR) is presently 45.65%.

EQT 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.