EQT Co. (NYSE:EQT) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC reduced its position in EQT Co. (NYSE:EQTGet Rating) by 10.0% in the 1st quarter, Holdings Channel reports. The firm owned 1,082,437 shares of the oil and gas producer’s stock after selling 120,480 shares during the quarter. Wedge Capital Management L L P NC’s holdings in EQT were worth $37,247,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EQT. MV Capital Management Inc. acquired a new position in EQT in the 4th quarter valued at $26,000. Sageworth Trust Co of South Dakota acquired a new stake in shares of EQT in the 4th quarter worth $26,000. Whittier Trust Co. of Nevada Inc. increased its stake in shares of EQT by 117.1% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,511 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 815 shares during the last quarter. Selective Wealth Management Inc. acquired a new stake in shares of EQT in the 4th quarter worth $44,000. Finally, Dark Forest Capital Management LP increased its stake in shares of EQT by 1,602.0% in the 3rd quarter. Dark Forest Capital Management LP now owns 2,502 shares of the oil and gas producer’s stock worth $51,000 after acquiring an additional 2,355 shares during the last quarter. 90.34% of the stock is owned by hedge funds and other institutional investors.

EQT has been the subject of a number of recent research reports. TD Securities raised their target price on EQT from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, April 29th. Tudor, Pickering, Holt & Co. raised EQT from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Monday, April 11th. Tudor Pickering raised EQT from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Monday, April 11th. StockNews.com raised EQT from a “sell” rating to a “hold” rating in a research note on Friday, June 10th. Finally, Morgan Stanley increased their price target on EQT from $47.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday, June 6th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $51.91.

EQT stock traded down $1.22 during midday trading on Wednesday, reaching $35.58. 38,922 shares of the stock traded hands, compared to its average volume of 7,812,912. The company has a 50-day simple moving average of $42.65 and a two-hundred day simple moving average of $31.10. EQT Co. has a 12-month low of $15.71 and a 12-month high of $50.41. The firm has a market cap of $13.15 billion, a PE ratio of -4.46, a price-to-earnings-growth ratio of 0.38 and a beta of 0.96. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56.

EQT (NYSE:EQTGet Rating) last announced its earnings results on Wednesday, April 27th. The oil and gas producer reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.23). The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the business earned $0.30 EPS. Equities research analysts anticipate that EQT Co. will post 3.04 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 1st. Investors of record on Wednesday, May 11th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Tuesday, May 10th. EQT’s dividend payout ratio (DPR) is -6.05%.

EQT Profile (Get Rating)

EQT Corporation operates as a natural gas production company in the United States. The company produces natural gas, natural gas liquids (NGLs), including ethane, propane, isobutane, butane, and natural gasoline. As of December 31, 2021, it had 25.0 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 2.0 million gross acres, including 1.7 million gross acres in the Marcellus play.

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Institutional Ownership by Quarter for EQT (NYSE:EQT)

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