EQT Co. (NYSE:EQT) Shares Sold by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co cut its holdings in EQT Co. (NYSE:EQT - Free Report) by 9.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 198,960 shares of the oil and gas producer's stock after selling 20,264 shares during the quarter. CANADA LIFE ASSURANCE Co's holdings in EQT were worth $9,173,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Altshuler Shaham Ltd bought a new stake in shares of EQT during the 4th quarter valued at about $70,000. Farringdon Capital Ltd. purchased a new stake in EQT during the 4th quarter valued at approximately $413,000. Marshall Wace LLP increased its holdings in EQT by 32.3% in the 4th quarter. Marshall Wace LLP now owns 883,807 shares of the oil and gas producer's stock valued at $40,752,000 after acquiring an additional 215,618 shares during the last quarter. United Capital Financial Advisors LLC lifted its stake in EQT by 13.6% in the 4th quarter. United Capital Financial Advisors LLC now owns 13,670 shares of the oil and gas producer's stock worth $630,000 after purchasing an additional 1,639 shares in the last quarter. Finally, Rossby Financial LCC purchased a new position in shares of EQT during the fourth quarter valued at about $1,194,000. 90.81% of the stock is owned by hedge funds and other institutional investors.

EQT Stock Up 2.9 %

Shares of EQT traded up $1.44 during mid-day trading on Friday, hitting $50.26. 9,360,326 shares of the company traded hands, compared to its average volume of 7,805,427. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. EQT Co. has a 1-year low of $30.02 and a 1-year high of $56.66. The company has a market capitalization of $30.03 billion, a PE ratio of 125.65, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. The business has a 50 day moving average of $50.37 and a 200 day moving average of $46.92.

EQT (NYSE:EQT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.20. The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. Equities research analysts anticipate that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th will be paid a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.25%. EQT's payout ratio is 157.50%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Sanford C. Bernstein raised EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price objective on the stock in a report on Wednesday, January 15th. Stephens lowered their target price on shares of EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Scotiabank cut EQT from a "sector outperform" rating to a "sector perform" rating and cut their target price for the company from $55.00 to $54.00 in a research note on Friday, January 17th. Morgan Stanley boosted their target price on shares of EQT from $62.00 to $65.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, TD Cowen raised shares of EQT from a "hold" rating to a "buy" rating and set a $54.00 target price on the stock in a research report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $55.39.

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.