SCP Investment LP lessened its stake in EQT Co. (NYSE:EQT - Free Report) by 64.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,800 shares of the oil and gas producer's stock after selling 15,800 shares during the period. SCP Investment LP's holdings in EQT were worth $406,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. Parkside Financial Bank & Trust raised its holdings 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 valued at $48,000 after buying an additional 193 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of 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 acquiring an additional 205 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in shares of EQT by 4.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer's stock worth $218,000 after acquiring an additional 223 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of EQT by 15.9% in the 4th 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 in the last quarter. Finally, Radnor Capital Management LLC grew its holdings 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 valued at $2,810,000 after purchasing an additional 237 shares during the last quarter. Institutional investors own 90.81% of the company's stock.
EQT Trading Up 1.4 %
EQT stock traded up $0.78 during trading on Wednesday, reaching $54.66. The company had a trading volume of 7,580,284 shares, compared to its average volume of 7,513,843. The business has a 50 day moving average of $51.40 and a 200 day moving average of $45.31. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The company has a market cap of $32.66 billion, a P/E ratio of 136.65, a PEG ratio of 0.64 and a beta of 1.12. EQT Co. has a 52 week low of $30.02 and a 52 week high of $56.66.
EQT (NYSE:EQT - Get Free Report) last announced its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) 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 firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. As a group, sell-side analysts forecast that EQT Co. will post 3.27 earnings per share for the current fiscal year.
EQT Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT's dividend payout ratio (DPR) is presently 157.50%.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. Wells Fargo & Company upped their price target on shares of EQT from $53.00 to $58.00 and gave the company an "overweight" rating in a research report on Wednesday, March 19th. The Goldman Sachs Group reiterated a "reduce" rating on shares of EQT in a research report on Wednesday, February 12th. Royal Bank of Canada restated a "sector perform" rating and issued a $49.00 target price on shares of EQT in a report on Monday, January 6th. Scotiabank downgraded shares of EQT from a "sector outperform" rating to a "sector perform" rating and decreased their target price for the stock from $55.00 to $54.00 in a research note on Friday, January 17th. Finally, Morgan Stanley reissued an "overweight" rating and set a $67.00 price target (up previously from $63.00) on shares of EQT in a research report on Wednesday, March 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $55.28.
Check Out Our Latest Stock Report on EQT
EQT Profile
(
Free Report)
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.
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