Sciencast Management LP Has $2.69 Million Stake in EQT Co. (NYSE:EQT)

Sciencast Management LP lessened its stake in shares of EQT Co. (NYSE:EQT - Free Report) by 23.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,287 shares of the oil and gas producer's stock after selling 17,536 shares during the period. Sciencast Management LP's holdings in EQT were worth $2,688,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Sanctuary Advisors LLC lifted its position in shares of EQT by 104.7% in the third quarter. Sanctuary Advisors LLC now owns 63,507 shares of the oil and gas producer's stock valued at $2,327,000 after buying an additional 32,484 shares during the last quarter. Retirement Systems of Alabama boosted its holdings in shares of EQT by 36.7% during the third quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer's stock worth $4,878,000 after acquiring an additional 35,733 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of EQT by 44.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,555 shares of the oil and gas producer's stock valued at $2,379,000 after purchasing an additional 16,416 shares during the last quarter. FMR LLC increased its stake in shares of EQT by 2.5% during the third quarter. FMR LLC now owns 1,133,197 shares of the oil and gas producer's stock worth $41,520,000 after purchasing an additional 28,129 shares during the period. Finally, D.A. Davidson & CO. lifted its holdings in EQT by 13.4% during the 4th quarter. D.A. Davidson & CO. now owns 6,467 shares of the oil and gas producer's stock worth $298,000 after purchasing an additional 762 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.

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Analyst Ratings Changes

A number of research firms have recently weighed in on EQT. UBS Group lifted their target price on EQT from $54.00 to $58.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. Scotiabank downgraded shares of EQT from a "sector outperform" rating to a "sector perform" rating and reduced their price objective for the stock from $55.00 to $54.00 in a research note on Friday, January 17th. Wells Fargo & Company upped their price target on shares of EQT from $53.00 to $58.00 and gave the stock an "overweight" rating in a report on Wednesday, March 19th. Citigroup lifted their price objective on shares of EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, March 17th. Finally, The Goldman Sachs Group reissued a "reduce" rating on shares of EQT in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, EQT currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.50.

EQT Trading Up 0.5 %

EQT stock traded up $0.25 during trading hours on Tuesday, reaching $54.25. 4,417,995 shares of the company's stock were exchanged, compared to its average volume of 7,286,021. The firm's 50 day simple moving average is $51.40 and its 200 day simple moving average is $44.58. EQT Co. has a twelve month low of $30.02 and a twelve month high of $56.66. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $32.41 billion, a PE ratio of 135.63, a PEG ratio of 0.64 and a beta of 1.12.

EQT (NYSE:EQT - Get Free Report) last released its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.50 by $0.19. The business had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. Research analysts predict that EQT Co. will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT's dividend payout ratio (DPR) 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.