Wealthfront Advisers LLC Sells 17,865 Shares of EQT Co. (NYSE:EQT)

Wealthfront Advisers LLC lowered its stake in EQT Co. (NYSE:EQT - Free Report) by 61.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,340 shares of the oil and gas producer's stock after selling 17,865 shares during the quarter. Wealthfront Advisers LLC's holdings in EQT were worth $523,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Parkside Financial Bank & Trust lifted its stake in shares of EQT by 22.7% in 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 purchasing an additional 193 shares during the period. Wilmington Savings Fund Society FSB lifted its stake 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 valued at $218,000 after purchasing an additional 223 shares during the period. MassMutual Private Wealth & Trust FSB lifted 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 during the period. Radnor Capital Management LLC lifted its stake in shares of EQT by 0.4% in 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 period. Finally, Waldron Private Wealth LLC lifted its stake in shares of EQT by 0.7% in the 4th quarter. Waldron Private Wealth LLC now owns 37,323 shares of the oil and gas producer's stock valued at $1,721,000 after purchasing an additional 251 shares during the period. Institutional investors and hedge funds own 90.81% of the company's stock.

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EQT Stock Up 0.3 %

Shares of NYSE EQT traded up $0.14 during mid-day trading on Thursday, hitting $53.74. The company had a trading volume of 9,060,067 shares, compared to its average volume of 7,272,924. The company has a market capitalization of $32.11 billion, a PE ratio of 134.36, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. The firm has a 50-day simple moving average of $51.07 and a two-hundred day simple moving average of $43.92. 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 Co. has a one year low of $30.02 and a one year high of $56.66.

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, beating 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 company had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.81 billion. On average, equities analysts expect that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Tuesday, February 18th. EQT's payout ratio is currently 157.50%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. StockNews.com raised EQT from a "sell" rating to a "hold" rating in a research note on Friday, March 14th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $49.00 price objective on shares of EQT in a research note on Monday, January 6th. JPMorgan Chase & Co. raised their price objective on EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th. The Goldman Sachs Group reaffirmed a "reduce" rating on shares of EQT in a research note on Wednesday, February 12th. Finally, Sanford C. Bernstein raised EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price objective on the stock in a research note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, EQT presently has a consensus rating of "Moderate Buy" and an average target price of $54.50.

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.