Tortoise Capital Advisors L.L.C. Sells 42,732 Shares of EQT Co. (NYSE:EQT)

Tortoise Capital Advisors L.L.C. lowered its stake in shares of EQT Co. (NYSE:EQT - Free Report) by 5.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 767,729 shares of the oil and gas producer's stock after selling 42,732 shares during the period. EQT makes up approximately 0.5% of Tortoise Capital Advisors L.L.C.'s holdings, making the stock its 25th biggest position. Tortoise Capital Advisors L.L.C. owned approximately 0.13% of EQT worth $35,400,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EQT. MML Investors Services LLC raised its position in EQT by 29.3% in the third quarter. MML Investors Services LLC now owns 17,895 shares of the oil and gas producer's stock worth $656,000 after acquiring an additional 4,057 shares during the period. Bard Financial Services Inc. purchased a new position in EQT during the third quarter valued at $878,000. Wilmington Savings Fund Society FSB purchased a new stake in EQT in the third quarter worth about $165,000. Blankinship & Foster LLC bought a new position in shares of EQT in the third quarter worth about $4,051,000. Finally, Tidal Investments LLC lifted its position in shares of EQT by 55.8% during the 3rd quarter. Tidal Investments LLC now owns 60,816 shares of the oil and gas producer's stock valued at $2,228,000 after buying an additional 21,789 shares in the last quarter. Institutional investors own 90.81% of the company's stock.

EQT Trading Up 0.4 %

EQT traded up $0.19 on Wednesday, reaching $48.76. 16,263,823 shares of the company traded hands, compared to its average volume of 7,804,872. 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 company has a market cap of $29.13 billion, a P/E ratio of 121.90, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. The firm has a fifty day simple moving average of $50.56 and a two-hundred day simple moving average of $46.83. EQT Co. has a one year low of $30.02 and a one year high of $56.66.

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

EQT Dividend Announcement

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 dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.29%. The ex-dividend date is Wednesday, May 7th. EQT's payout ratio is 157.50%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Morgan Stanley reissued an "overweight" rating and issued a $67.00 target price (up from $63.00) on shares of EQT in a report on Wednesday, March 26th. UBS Group lowered their target price on shares of EQT from $55.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company increased their price target on EQT from $53.00 to $58.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. Mizuho upped their price objective on EQT from $57.00 to $60.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. Finally, Piper Sandler lowered their target price on shares of EQT from $36.00 to $35.00 and set a "neutral" rating on the stock in a report on Tuesday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $55.50.

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.