EQT Co. (NYSE:EQT) Shares Sold by Procyon Advisors LLC

Procyon Advisors LLC decreased its holdings in shares of EQT Co. (NYSE:EQTFree Report) by 33.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,068 shares of the oil and gas producer’s stock after selling 7,575 shares during the quarter. Procyon Advisors LLC’s holdings in EQT were worth $583,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new position in shares of EQT in the 2nd quarter worth $33,000. BKM Wealth Management LLC purchased a new position in EQT in the fourth quarter valued at about $40,000. Belpointe Asset Management LLC raised its position in EQT by 270.0% in the first quarter. Belpointe Asset Management LLC now owns 1,258 shares of the oil and gas producer’s stock valued at $40,000 after purchasing an additional 918 shares during the period. Tyler Stone Wealth Management purchased a new position in EQT in the second quarter valued at about $40,000. Finally, Clearstead Advisors LLC purchased a new stake in shares of EQT during the third quarter worth about $41,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Citigroup raised EQT from a “neutral” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Monday, December 11th. Truist Financial decreased their price target on EQT from $41.00 to $39.00 and set a “hold” rating for the company in a research note on Thursday, February 15th. Mizuho downgraded EQT from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $46.00 to $39.00 in a research note on Wednesday, March 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $46.00 price target on shares of EQT in a research note on Tuesday, March 5th. Finally, StockNews.com upgraded EQT to a “sell” rating in a research note on Tuesday, March 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $43.54.

Read Our Latest Report on EQT

EQT Stock Performance

NYSE EQT opened at $37.08 on Friday. The stock has a market cap of $16.33 billion, a P/E ratio of 8.72 and a beta of 1.13. The company’s 50-day simple moving average is $35.34 and its 200 day simple moving average is $38.49. EQT Co. has a twelve month low of $30.79 and a twelve month high of $45.23. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.37.

EQT (NYSE:EQTGet Free Report) last posted its earnings results on Tuesday, February 13th. The oil and gas producer reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The business had revenue of $1.55 billion for 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 firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 earnings per share. As a group, research analysts forecast that EQT Co. will post 2.38 earnings per share for the current fiscal year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Tuesday, February 20th were paid a $0.1575 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $0.63 dividend on an annualized basis and a yield of 1.70%. EQT’s payout ratio is currently 14.82%.

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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