EQT Co. (NYSE:EQT) Shares Sold by Capital World Investors

Capital World Investors lowered its holdings in EQT Co. (NYSE:EQT) by 28.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,150,510 shares of the oil and gas producer’s stock after selling 1,664,706 shares during the quarter. Capital World Investors owned 0.70% of EQT worth $191,380,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Retirement Systems of Alabama grew its position in EQT by 36.7% during the third quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer’s stock worth $4,878,000 after buying an additional 35,733 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in EQT by 44.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,555 shares of the oil and gas producer’s stock valued at $2,379,000 after purchasing an additional 16,416 shares in the last quarter. D.A. Davidson & CO. raised its holdings in EQT by 13.4% during the fourth quarter. D.A. Davidson & CO. now owns 6,467 shares of the oil and gas producer’s stock worth $298,000 after purchasing an additional 762 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in EQT by 15.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 41,508 shares of the oil and gas producer’s stock worth $1,914,000 after purchasing an additional 5,489 shares in the last quarter. Finally, Howard Financial Services LTD. acquired a new stake in EQT in the fourth quarter valued at $223,000. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EQT. Jefferies Financial Group increased their price objective on shares of EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Wells Fargo & Company increased their price target on shares of EQT from $53.00 to $58.00 and gave the company an “overweight” rating in a research report on Wednesday, March 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $49.00 target price on shares of EQT in a research note on Monday, January 6th. The Goldman Sachs Group reissued a “reduce” rating on shares of EQT in a report on Wednesday, February 12th. Finally, Scotiabank lowered EQT from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the company from $55.00 to $54.00 in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $55.56.

EQT Stock Up 0.3 %

Shares of EQT opened at $51.01 on Monday. The firm has a market cap of $30.47 billion, a PE ratio of 127.52, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The company’s fifty day moving average is $50.75 and its two-hundred day moving average is $46.74. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $56.66.

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

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 7th will be issued a dividend of $0.1575 per share. The ex-dividend date is Wednesday, May 7th. This represents a $0.63 annualized dividend and a dividend yield of 1.24%. EQT’s payout ratio is 157.50%.

EQT Company 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.