EQT Co. (NYSE:EQT) Stock Position Cut by Advisors Asset Management Inc.

Advisors Asset Management Inc. lowered its stake in EQT Co. (NYSE:EQT - Free Report) by 11.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,931 shares of the oil and gas producer's stock after selling 8,391 shares during the quarter. Advisors Asset Management Inc.'s holdings in EQT were worth $2,994,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Parkside Financial Bank & Trust lifted its holdings in EQT by 22.7% in the 4th 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. EverSource Wealth Advisors LLC lifted its stake in shares of EQT by 26.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock worth $45,000 after acquiring an additional 205 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in EQT by 4.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer's stock valued at $218,000 after purchasing an additional 223 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in EQT by 15.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer's stock valued at $79,000 after purchasing an additional 236 shares in the last quarter. Finally, Radnor Capital Management LLC increased its holdings in EQT by 0.4% during the 4th quarter. Radnor Capital Management LLC now owns 60,948 shares of the oil and gas producer's stock worth $2,810,000 after purchasing an additional 237 shares during the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

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EQT Stock Performance

Shares of EQT traded down $1.36 during midday trading on Wednesday, hitting $52.89. 7,309,618 shares of the stock traded hands, compared to its average volume of 7,284,961. The business's 50 day moving average price is $51.40 and its two-hundred day moving average price is $44.58. The firm has a market capitalization of $31.60 billion, a PE ratio of 132.23, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. EQT Co. has a 1-year low of $30.02 and a 1-year high of $56.66.

EQT (NYSE:EQT - Get Free Report) last posted its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.19. EQT had a net margin of 4.37% and a return on equity of 4.35%. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. Equities research analysts predict that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT's dividend payout ratio (DPR) is 157.50%.

Wall Street Analyst Weigh In

EQT has been the subject of several research analyst reports. Mizuho upgraded EQT from a "neutral" rating to an "outperform" rating and increased their target price for the company from $48.00 to $57.00 in a research note on Monday, December 16th. Royal Bank of Canada reiterated a "sector perform" rating and set a $49.00 price objective on shares of EQT in a research note on Monday, January 6th. Jefferies Financial Group boosted their target price on shares of EQT from $45.00 to $55.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Wells Fargo & Company increased their price target on shares of EQT from $53.00 to $58.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. Finally, Stephens raised EQT from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $41.00 to $59.00 in a report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, EQT presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.50.

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.