Emerald Advisers LLC Sells 274 Shares of EQT Co. (NYSE:EQT)

Emerald Advisers LLC trimmed its holdings in EQT Co. (NYSE:EQT) by 1.0% in the fourth quarter, HoldingsChannel reports. The fund owned 27,567 shares of the oil and gas producer’s stock after selling 274 shares during the period. Emerald Advisers LLC’s holdings in EQT were worth $1,271,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in EQT. Wellington Management Group LLP lifted its holdings in shares of 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 worth $2,716,968,000 after acquiring an additional 20,700,921 shares during the last quarter. State Street Corp lifted its holdings in shares of 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 worth $1,359,183,000 after acquiring an additional 7,290,822 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 worth $511,159,000 after acquiring an additional 3,582,418 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of 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 worth $205,830,000 after acquiring an additional 3,454,741 shares during the last quarter. Finally, Holocene Advisors LP bought a new stake in EQT during the 3rd quarter valued at $97,979,000. 90.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EQT has been the subject of a number of recent analyst reports. Sanford C. Bernstein upgraded shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price target for the company in a report on Wednesday, January 15th. 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 report on Wednesday, March 19th. UBS Group upped their price target on shares of EQT from $54.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Stephens upgraded shares of EQT from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $41.00 to $59.00 in a report on Tuesday, March 18th. Finally, Citigroup upped their price target on shares of EQT from $51.00 to $60.00 and gave the company a “buy” rating in a report on Monday, March 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $54.50.

EQT Stock Down 1.6 %

NYSE:EQT opened at $52.89 on Monday. The firm’s 50-day moving average price is $51.25 and its 200-day moving average price is $44.28. The company has a market capitalization of $31.60 billion, a PE ratio of 132.23, a P/E/G ratio of 0.64 and a beta of 1.12. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. EQT Co. has a 1-year low of $30.02 and a 1-year high of $56.66.

EQT (NYSE:EQT) last announced its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.50 by $0.19. EQT had a net margin of 4.37% and a return on equity of 4.35%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.81 billion. On average, equities analysts predict that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.19%. The ex-dividend date was Tuesday, February 18th. EQT’s dividend payout ratio (DPR) is 157.50%.

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.