Corient Private Wealth LLC Lowers Stake in EQT Co. (NYSE:EQT)

Corient Private Wealth LLC lowered its stake in EQT Co. (NYSE:EQT - Free Report) by 21.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 69,258 shares of the oil and gas producer's stock after selling 18,385 shares during the period. Corient Private Wealth LLC's holdings in EQT were worth $3,194,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in EQT. Truvestments Capital LLC acquired a new position in EQT in the 3rd quarter valued at $30,000. Quarry LP grew its stake in shares of EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer's stock valued at $33,000 after acquiring an additional 578 shares in the last quarter. EverSource Wealth Advisors LLC grew 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 valued at $45,000 after acquiring an additional 205 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in EQT during the third quarter worth about $36,000. Finally, Financial Avengers Inc. raised its stake in EQT by 100.8% in the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer's stock worth $37,000 after purchasing an additional 504 shares in the last quarter. Institutional investors own 90.81% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on EQT shares. Mizuho upgraded shares of EQT from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $48.00 to $57.00 in a research report on Monday, December 16th. StockNews.com raised EQT from a "sell" rating to a "hold" rating in a report on Tuesday. JPMorgan Chase & Co. upped their target price on EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. Scotiabank downgraded EQT from a "sector outperform" rating to a "sector perform" rating and dropped their price target for the company from $55.00 to $54.00 in a research note on Friday, January 17th. Finally, Truist Financial increased their price objective 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. One 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.50.

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EQT Trading Down 2.5 %

EQT stock traded down $1.36 during mid-day trading on Wednesday, hitting $52.89. The company's stock had a trading volume of 7,309,227 shares, compared to its average volume of 7,284,960. The stock has a market cap of $31.60 billion, a price-to-earnings ratio of 132.23, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. EQT Co. has a 12 month low of $30.02 and a 12 month 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 50 day moving average price of $51.40 and a 200-day moving average price of $44.58.

EQT (NYSE:EQT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.19. The company 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, analysts forecast that EQT Co. will post 3.27 EPS for the current year.

EQT Announces Dividend

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

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.