EQT Co. (NYSE:EQT) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its position in EQT Co. (NYSE:EQT - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,920,265 shares of the oil and gas producer's stock after selling 166,253 shares during the quarter. Dimensional Fund Advisors LP owned 0.82% of EQT worth $226,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of EQT. Parkside Financial Bank & Trust raised its position in shares of EQT by 22.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock valued at $48,000 after buying an additional 193 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake 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 buying an additional 205 shares during the period. Wilmington Savings Fund Society FSB increased its position in EQT by 4.9% during 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 acquiring an additional 223 shares during the last quarter. Huntington National Bank raised its stake in shares of EQT by 7.4% in the fourth quarter. Huntington National Bank now owns 3,265 shares of the oil and gas producer's stock valued at $151,000 after acquiring an additional 224 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of 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 worth $79,000 after purchasing an additional 236 shares during the period. 90.81% of the stock is owned by hedge funds and other institutional investors.

EQT Stock Up 2.9 %

EQT stock traded up $1.44 during midday trading on Friday, reaching $50.26. The company's stock had a trading volume of 9,360,326 shares, compared to its average volume of 7,799,134. EQT Co. has a 52-week low of $30.02 and a 52-week 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 stock has a market capitalization of $30.03 billion, a P/E ratio of 125.65, a PEG ratio of 0.64 and a beta of 1.35. The stock's 50-day simple moving average is $50.31 and its 200-day simple moving average is $47.01.

EQT (NYSE:EQT - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $2.16 billion. On average, sell-side analysts expect that EQT Co. will post 3.27 EPS for the current year.

EQT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 7th will be issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Wednesday, May 7th. EQT's dividend payout ratio (DPR) is presently 157.50%.

Analyst Ratings Changes

EQT has been the topic of a number of analyst reports. Piper Sandler cut their target price on EQT from $36.00 to $35.00 and set a "neutral" rating on the stock in a research note on Tuesday. Morgan Stanley boosted their price objective on shares of EQT from $62.00 to $65.00 and gave the company an "overweight" rating in a research report on Thursday. Mizuho raised their target price 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. UBS Group lowered their price target on EQT from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Finally, 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. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $55.39.

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.