Alliancebernstein L.P. Lowers Position in EQT Co. (NYSE:EQT)

Alliancebernstein L.P. decreased its holdings in EQT Co. (NYSE:EQT - Free Report) by 18.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 784,649 shares of the oil and gas producer's stock after selling 182,761 shares during the period. Alliancebernstein L.P. owned about 0.13% of EQT worth $36,180,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Bedell Frazier Investment Counselling LLC purchased a new position in EQT in the fourth quarter worth $1,932,000. D L Carlson Investment Group Inc. boosted its holdings in EQT by 3.3% in the fourth quarter. D L Carlson Investment Group Inc. now owns 92,896 shares of the oil and gas producer's stock valued at $4,283,000 after purchasing an additional 2,984 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in EQT by 79.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 31,102 shares of the oil and gas producer's stock valued at $1,434,000 after purchasing an additional 13,803 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in EQT by 14.7% in the fourth quarter. Clearbridge Investments LLC now owns 13,829,938 shares of the oil and gas producer's stock valued at $637,698,000 after purchasing an additional 1,774,696 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in shares of EQT by 17.0% in the fourth quarter. California Public Employees Retirement System now owns 896,146 shares of the oil and gas producer's stock worth $41,321,000 after acquiring an additional 129,917 shares during the period. Institutional investors own 90.81% of the company's stock.

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EQT Price Performance

EQT traded down $2.14 during midday trading on Thursday, reaching $48.03. 2,071,618 shares of the company's stock were exchanged, compared to its average volume of 7,723,788. 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 stock has a market capitalization of $28.69 billion, a PE ratio of 120.83, a P/E/G ratio of 0.64 and a beta of 1.35. The business's 50-day moving average price is $51.06 and its 200 day moving average price is $45.99. 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 quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.19. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. As a group, equities analysts anticipate that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Tuesday, February 18th. EQT's dividend payout ratio is presently 157.50%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on EQT shares. TD Cowen upgraded shares of EQT from a "hold" rating to a "buy" rating and set a $54.00 price target for the company in a research report on Tuesday. Mizuho increased their price objective on shares of EQT from $57.00 to $60.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. Royal Bank of Canada reiterated a "sector perform" rating and set a $49.00 target price on shares of EQT in a report on Monday, January 6th. UBS Group reduced their price objective on shares of EQT from $58.00 to $55.00 and set a "neutral" rating on the stock in a report on Monday. Finally, Truist Financial lifted their price target on shares of EQT from $41.00 to $56.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, five have issued 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 an average price target of $55.72.

EQT Company 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.