Guggenheim Capital LLC Cuts Stock Position in EQT Co. (NYSE:EQT)

Guggenheim Capital LLC lessened its position in EQT Co. (NYSE:EQT - Free Report) by 83.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,039 shares of the oil and gas producer's stock after selling 192,712 shares during the period. Guggenheim Capital LLC's holdings in EQT were worth $1,800,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in EQT. Rossby Financial LCC bought a new stake in shares of EQT in the fourth quarter worth approximately $1,194,000. Canada Post Corp Registered Pension Plan purchased a new stake in EQT in the fourth quarter worth approximately $290,000. XTX Topco Ltd bought a new stake in EQT in the 4th quarter worth approximately $3,672,000. Mariner LLC raised its stake in EQT by 37.2% during the 4th quarter. Mariner LLC now owns 84,677 shares of the oil and gas producer's stock valued at $3,905,000 after buying an additional 22,938 shares during the last quarter. Finally, SageView Advisory Group LLC bought a new position in shares of EQT during the 4th quarter valued at $401,000. Hedge funds and other institutional investors own 90.81% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on EQT. Truist Financial lifted their price objective on EQT from $41.00 to $56.00 and gave the stock a "hold" rating in a report on Monday, January 13th. The Goldman Sachs Group restated a "reduce" rating on shares of EQT in a research note on Wednesday, February 12th. JPMorgan Chase & Co. increased their price objective on shares of EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th. StockNews.com downgraded shares of EQT from a "hold" rating to a "sell" rating in a report on Monday, April 7th. Finally, Citigroup upped their target price on shares of EQT from $51.00 to $60.00 and gave the company a "buy" rating in a report on Monday, March 17th. Two research 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. Based on data from MarketBeat, EQT has an average rating of "Moderate Buy" and a consensus target price of $55.39.

EQT Price Performance

EQT traded up $0.09 on Thursday, hitting $48.84. 7,916,899 shares of the company's stock traded hands, compared to its average volume of 7,814,689. The company's 50 day simple moving average is $50.47 and its 200-day simple moving average is $46.84. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. EQT Co. has a one year low of $30.02 and a one year high of $56.66. The firm has a market cap of $29.18 billion, a price-to-earnings ratio of 122.10, a P/E/G ratio of 0.64 and a beta of 1.35.

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

EQT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 7th will be given 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 1.29%. EQT's dividend 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.