Cohen & Steers Inc. Lowers Stock Holdings in EQT Co. (NYSE:EQT)

Cohen & Steers Inc. lessened its position in EQT Co. (NYSE:EQT - Free Report) by 20.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 210,117 shares of the oil and gas producer's stock after selling 54,705 shares during the quarter. Cohen & Steers Inc.'s holdings in EQT were worth $9,688,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in EQT. EverSource Wealth Advisors LLC boosted its position in EQT by 26.6% during 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 during the last quarter. Parkside Financial Bank & Trust boosted its stake in EQT by 22.7% during the fourth 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 during the last quarter. Stonebridge Financial Group LLC purchased a new stake in EQT in the 4th quarter valued at $55,000. First Horizon Advisors Inc. increased its stake in shares of EQT by 33.1% in 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 during the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of EQT by 1,343.8% during 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 acquiring an additional 1,290 shares during the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Truist Financial boosted their target price on shares of EQT from $41.00 to $56.00 and gave the company a "hold" rating in a report on Monday, January 13th. Wells Fargo & Company increased their price objective on EQT from $53.00 to $58.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. Citigroup lifted their target price on EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, March 17th. StockNews.com cut EQT from a "hold" rating to a "sell" rating in a report on Monday, April 7th. Finally, Jefferies Financial Group boosted their price objective on shares of EQT from $45.00 to $55.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, EQT presently has a consensus rating of "Moderate Buy" and an average target price of $55.56.

EQT Stock Up 0.3 %

Shares of EQT traded up $0.16 during midday trading on Friday, reaching $51.01. The stock had a trading volume of 5,000,185 shares, compared to its average volume of 7,772,903. 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 company's fifty day simple moving average is $50.75 and its two-hundred day simple moving average is $46.61. The company has a market cap of $30.47 billion, a price-to-earnings ratio of 127.52, 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.

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

EQT Dividend Announcement

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 issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Wednesday, May 7th. EQT's payout ratio is currently 157.50%.

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.