EQT Co. (NYSE:EQT) Shares Sold by Payden & Rygel

Payden & Rygel decreased its stake in shares of EQT Co. (NYSE:EQT) by 96.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,520 shares of the oil and gas producer’s stock after selling 187,950 shares during the quarter. Payden & Rygel’s holdings in EQT were worth $301,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Envestnet Asset Management Inc. raised its holdings in EQT by 31.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 388,331 shares of the oil and gas producer’s stock valued at $17,906,000 after acquiring an additional 91,923 shares in the last quarter. Aviva PLC purchased a new stake in shares of EQT in the 4th quarter valued at approximately $14,719,000. Resona Asset Management Co. Ltd. acquired a new stake in shares of EQT in the 4th quarter valued at $7,504,000. Bornite Capital Management LP purchased a new stake in shares of EQT during the 4th quarter worth $23,055,000. Finally, Uniting Wealth Partners LLC acquired a new position in shares of EQT during the fourth quarter worth $213,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on EQT from $58.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, March 13th. StockNews.com raised EQT from a “sell” rating to a “hold” rating in a research report on Tuesday, March 25th. Stephens raised 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. Royal Bank of Canada reissued a “sector perform” rating and set a $49.00 price objective on shares of EQT in a report on Monday, January 6th. Finally, Scotiabank cut shares of EQT from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the company from $55.00 to $54.00 in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $55.28.

EQT Stock Down 11.6 %

EQT stock opened at $46.02 on Friday. The stock has a market capitalization of $27.50 billion, a price-to-earnings ratio of 115.06, a PEG ratio of 0.64 and a beta of 1.12. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average of $51.25 and a two-hundred day moving average of $45.51. EQT Co. has a twelve month low of $30.02 and a twelve month high of $56.66.

EQT (NYSE:EQT) last posted its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.19. EQT had a net margin of 4.37% and a return on equity of 4.35%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. As a group, research analysts expect that EQT Co. will post 3.27 earnings per share for the current year.

EQT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Tuesday, February 18th. EQT’s dividend payout ratio is presently 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.