EQT Co. (NYSE:EQT) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD decreased its holdings in shares of EQT Co. (NYSE:EQT - Free Report) by 25.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,517,666 shares of the oil and gas producer's stock after selling 14,300,076 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 7.13% of EQT worth $1,960,490,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings 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 buying an additional 205 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of 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 purchasing an additional 193 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in EQT in the 4th quarter valued at about $55,000. First Horizon Advisors Inc. boosted its position in shares of 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 acquiring an additional 298 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings 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 valued at $64,000 after purchasing an additional 1,290 shares in the last quarter. 90.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Royal Bank of Canada reiterated a "sector perform" rating and set a $49.00 price target on shares of EQT in a report on Monday, January 6th. Scotiabank downgraded EQT from a "sector outperform" rating to a "sector perform" rating and lowered their price objective for the company from $55.00 to $54.00 in a research note on Friday, January 17th. Morgan Stanley upped their price target on shares of EQT from $62.00 to $65.00 and gave the company an "overweight" rating in a research report on Thursday. Jefferies Financial Group boosted their price objective on shares of EQT from $45.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Finally, Piper Sandler cut their target price on EQT from $36.00 to $35.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $55.39.

EQT Trading Up 1.0 %

Shares of NYSE:EQT traded up $0.51 during trading hours on Monday, hitting $50.75. 1,896,730 shares of the company's stock traded hands, compared to its average volume of 8,662,324. EQT Co. has a 1 year low of $30.02 and a 1 year high of $56.66. 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 business has a fifty day moving average price of $50.31 and a 200-day moving average price of $47.16. The firm has a market capitalization of $30.38 billion, a P/E ratio of 126.88, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35.

EQT (NYSE:EQT - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.20. EQT had a net margin of 4.37% and a return on equity of 4.35%. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.16 billion. Equities analysts expect that EQT Co. will post 3.27 earnings per share for the current year.

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th will be paid a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Wednesday, May 7th. EQT's payout ratio is 110.53%.

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.