EQT Co. (NYSE:EQT) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lessened its stake in EQT Co. (NYSE:EQT) by 27.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,300 shares of the oil and gas producer’s stock after selling 3,934 shares during the period. Private Advisor Group LLC’s holdings in EQT were worth $475,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in EQT. Wellington Management Group LLP boosted its holdings in EQT by 38.7% in the 3rd quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer’s stock valued at $2,716,968,000 after purchasing an additional 20,700,921 shares in the last quarter. State Street Corp boosted its holdings in EQT by 24.5% in the 3rd quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer’s stock valued at $1,359,183,000 after purchasing an additional 7,290,822 shares in the last quarter. Geode Capital Management LLC boosted its holdings in EQT by 34.4% in the 3rd quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer’s stock valued at $511,159,000 after purchasing an additional 3,582,418 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in EQT by 386.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,347,660 shares of the oil and gas producer’s stock valued at $205,830,000 after purchasing an additional 3,454,741 shares in the last quarter. Finally, Holocene Advisors LP purchased a new stake in EQT in the 3rd quarter valued at approximately $97,979,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

EQT has been the topic of a number of analyst reports. Jefferies Financial Group lifted their price objective on EQT from $45.00 to $55.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Truist Financial boosted their price target on EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Wells Fargo & Company boosted their price target on EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. StockNews.com raised EQT to a “sell” rating in a research note on Saturday, February 8th. Finally, Morgan Stanley boosted their price target on EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, EQT presently has an average rating of “Hold” and a consensus target price of $52.39.

EQT Trading Up 1.2 %

EQT stock opened at $48.77 on Tuesday. The company has a market cap of $29.14 billion, a price-to-earnings ratio of 121.93, a PEG ratio of 0.64 and a beta of 1.08. 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 business has a fifty day simple moving average of $50.26 and a 200-day simple moving average of $42.60. EQT Co. has a 52 week low of $30.02 and a 52 week high of $56.66.

EQT (NYSE:EQT) last announced its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) 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 firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. On average, equities research analysts expect that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

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 $0.1575 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 annualized dividend and a yield of 1.29%. EQT’s dividend payout ratio 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.