Raymond James Trust N.A. Reduces Position in EQT Co. (NYSE:EQT)

Raymond James Trust N.A. lessened its holdings in shares of EQT Co. (NYSE:EQTFree Report) by 18.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,915 shares of the oil and gas producer’s stock after selling 2,209 shares during the quarter. Raymond James Trust N.A.’s holdings in EQT were worth $383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of EQT. Capital World Investors bought a new stake in shares of EQT during the 1st quarter valued at $497,156,000. Wellington Management Group LLP increased its holdings in EQT by 61.9% in the 3rd quarter. Wellington Management Group LLP now owns 19,687,594 shares of the oil and gas producer’s stock valued at $798,923,000 after acquiring an additional 7,526,875 shares during the last quarter. Renaissance Technologies LLC increased its holdings in EQT by 6,029.6% in the 1st quarter. Renaissance Technologies LLC now owns 6,424,264 shares of the oil and gas producer’s stock valued at $221,059,000 after acquiring an additional 6,319,457 shares during the last quarter. PointState Capital LP bought a new stake in EQT in the 1st quarter valued at $163,646,000. Finally, Clearbridge Investments LLC increased its holdings in EQT by 66.1% in the 1st quarter. Clearbridge Investments LLC now owns 11,115,761 shares of the oil and gas producer’s stock valued at $382,493,000 after acquiring an additional 4,423,003 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

EQT Price Performance

Shares of EQT opened at $34.81 on Tuesday. The company has a 50 day moving average price of $35.36 and a 200-day moving average price of $38.56. EQT Co. has a fifty-two week low of $29.61 and a fifty-two week high of $45.23. The stock has a market capitalization of $15.33 billion, a PE ratio of 8.19 and a beta of 1.13. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.99 and a current ratio of 0.99.

EQT (NYSE:EQTGet Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The oil and gas producer reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.58 billion. EQT had a net margin of 25.12% and a return on equity of 7.12%. The company’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 EPS. Equities analysts predict that EQT Co. will post 2.4 earnings per share for the current fiscal year.

EQT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Tuesday, February 20th were paid a dividend of $0.1575 per share. The ex-dividend date was Friday, February 16th. This represents a $0.63 annualized dividend and a dividend yield of 1.81%. EQT’s dividend payout ratio (DPR) is presently 14.82%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EQT. Mizuho downgraded shares of EQT from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $46.00 to $39.00 in a report on Wednesday, March 13th. Truist Financial reduced their target price on shares of EQT from $41.00 to $39.00 and set a “hold” rating on the stock in a report on Thursday, February 15th. StockNews.com raised shares of EQT to a “sell” rating in a research note on Tuesday, March 12th. Piper Sandler lifted their price target on shares of EQT from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, March 7th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $37.00 price target (down from $39.00) on shares of EQT in a research note on Wednesday, March 20th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $43.54.

View Our Latest Stock Analysis on EQT

EQT Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for EQT (NYSE:EQT)

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