Teachers Retirement System of The State of Kentucky Sells 43,700 Shares of EQT Co. (NYSE:EQT)

Teachers Retirement System of The State of Kentucky lowered its position in EQT Co. (NYSE:EQT - Free Report) by 55.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,825 shares of the oil and gas producer's stock after selling 43,700 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in EQT were worth $1,651,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bard Financial Services Inc. acquired a new position in EQT during the 3rd quarter worth $878,000. Wilmington Savings Fund Society FSB bought a new stake in shares of EQT during the third quarter worth $165,000. Blankinship & Foster LLC acquired a new position in shares of EQT during the third quarter valued at $4,051,000. Tidal Investments LLC boosted its holdings in EQT by 55.8% in the third quarter. Tidal Investments LLC now owns 60,816 shares of the oil and gas producer's stock valued at $2,228,000 after acquiring an additional 21,789 shares during the last quarter. Finally, Synovus Financial Corp acquired a new stake in EQT in the third quarter worth about $1,069,000. Institutional investors and hedge funds own 90.81% of the company's stock.

EQT Stock Down 3.5 %

EQT traded down $1.78 during trading hours on Wednesday, hitting $49.44. 11,850,837 shares of the company's stock were exchanged, compared to its average volume of 7,826,130. The stock has a market cap of $29.60 billion, a price-to-earnings ratio of 123.60, a PEG ratio of 0.64 and a beta of 1.35. EQT Co. has a 1-year low of $30.02 and a 1-year high of $56.66. The stock's 50-day moving average is $50.21 and its two-hundred day moving average is $47.28. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37.

EQT (NYSE:EQT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share 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. Sell-side analysts predict that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The business 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 dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Wednesday, May 7th. EQT's dividend payout ratio is currently 110.53%.

Analyst Ratings Changes

EQT has been the topic of several recent research reports. Wells Fargo & Company raised their target price on shares of EQT from $53.00 to $58.00 and gave the company an "overweight" rating in a research note on Wednesday, March 19th. 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 report on Tuesday, April 22nd. StockNews.com lowered EQT from a "hold" rating to a "sell" rating in a research note on Monday, April 7th. Citigroup boosted their target price on EQT from $51.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. Finally, Truist Financial increased their price target on shares of EQT from $41.00 to $56.00 and gave the company a "hold" rating in a research report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.39.

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.