Legal & General Group Plc Sells 1,220,929 Shares of EQT Co. (NYSE:EQT)

Legal & General Group Plc decreased its position in shares of EQT Co. (NYSE:EQT - Free Report) by 40.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,781,156 shares of the oil and gas producer's stock after selling 1,220,929 shares during the period. Legal & General Group Plc owned approximately 0.30% of EQT worth $82,129,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock valued at $45,000 after buying an additional 205 shares during the period. Parkside Financial Bank & Trust lifted its position 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 valued at $48,000 after purchasing an additional 193 shares during the period. Stonebridge Financial Group LLC bought a new stake in shares of EQT during the 4th quarter valued at about $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 purchasing an additional 298 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in 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 worth $64,000 after acquiring an additional 1,290 shares during the period. Hedge funds and other institutional investors own 90.81% of the company's stock.

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Analysts Set New Price Targets

Several brokerages have recently issued reports on EQT. TD Cowen raised EQT from a "hold" rating to a "buy" rating and set a $54.00 price objective on the stock in a report on Tuesday, April 8th. Jefferies Financial Group upped their target price on shares of EQT from $45.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. The Goldman Sachs Group reissued a "reduce" rating on shares of EQT in a research report on Wednesday, February 12th. Royal Bank of Canada reissued a "sector perform" rating and set a $49.00 target price on shares of EQT in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. lifted 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, EQT has a consensus rating of "Moderate Buy" and an average target price of $55.61.

EQT Stock Up 1.7 %

EQT stock traded up $0.88 during mid-day trading on Thursday, hitting $51.73. The stock had a trading volume of 1,323,057 shares, compared to its average volume of 7,745,034. The stock has a market capitalization of $30.91 billion, a price-to-earnings ratio of 129.05, a PEG ratio of 0.64 and a beta of 1.35. The company has a fifty day moving average of $50.85 and a 200 day moving average of $46.41. EQT Co. has a 1-year low of $30.02 and a 1-year high of $56.66. 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 (NYSE:EQT - Get Free Report) last issued its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.19. EQT had a return on equity of 4.35% and a net margin of 4.37%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. On average, equities analysts expect that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 7th will be issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.22%. EQT's dividend payout ratio is currently 157.50%.

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.