Nikko Asset Management Americas Inc. Sells 7,306 Shares of EQT Co. (NYSE:EQT)

Nikko Asset Management Americas Inc. reduced its position in shares of EQT Co. (NYSE:EQT - Free Report) by 24.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,034 shares of the oil and gas producer's stock after selling 7,306 shares during the quarter. Nikko Asset Management Americas Inc.'s holdings in EQT were worth $1,016,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its stake 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 worth $48,000 after acquiring an additional 193 shares during the period. EverSource Wealth Advisors LLC boosted its position 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 purchasing an additional 205 shares during the period. Wilmington Savings Fund Society FSB increased its holdings in shares of EQT by 4.9% in 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 purchasing an additional 223 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of EQT by 15.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer's stock valued at $79,000 after purchasing an additional 236 shares during the period. Finally, Radnor Capital Management LLC lifted its stake in shares of EQT by 0.4% during the 4th quarter. Radnor Capital Management LLC now owns 60,948 shares of the oil and gas producer's stock worth $2,810,000 after buying an additional 237 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts recently commented on EQT shares. Scotiabank lowered shares of EQT from a "sector outperform" rating to a "sector perform" rating and decreased their price target for the company from $55.00 to $54.00 in a research note on Friday, January 17th. Morgan Stanley upped their target price on EQT from $45.00 to $56.00 and gave the company an "overweight" rating in a research report on Monday, November 25th. Jefferies Financial Group lifted their price target on EQT from $45.00 to $55.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Royal Bank of Canada restated a "sector perform" rating and issued a $49.00 price target on shares of EQT in a research note on Monday, January 6th. Finally, StockNews.com upgraded EQT from a "sell" rating to a "hold" rating in a research report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $54.50.

EQT Price Performance

EQT traded down $0.84 during trading on Friday, hitting $52.89. 12,816,051 shares of the stock traded hands, compared to its average volume of 8,528,442. The business has a 50 day moving average price of $51.17 and a 200 day moving average price of $43.99. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. EQT Co. has a twelve month low of $30.02 and a twelve month high of $56.66. The company has a market cap of $31.60 billion, a price-to-earnings ratio of 132.23, a PEG ratio of 0.64 and a beta of 1.12.

EQT (NYSE:EQT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $1.81 billion. Equities research analysts forecast that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

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