EQT Co. (NYSE:EQT) Shares Sold by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust lessened its holdings in shares of EQT Co. (NYSE:EQT) by 4.7% in the fourth quarter, HoldingsChannel reports. The fund owned 4,114 shares of the oil and gas producer’s stock after selling 203 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in EQT were worth $190,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Bard Financial Services Inc. bought a new position in EQT in the 3rd quarter valued at about $878,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of EQT in the 3rd quarter worth approximately $165,000. Blankinship & Foster LLC bought a new position in shares of EQT in the third quarter valued at approximately $4,051,000. Tidal Investments LLC increased its stake in shares of EQT by 55.8% during the third quarter. Tidal Investments LLC now owns 60,816 shares of the oil and gas producer’s stock valued at $2,228,000 after acquiring an additional 21,789 shares during the period. Finally, Synovus Financial Corp bought a new stake in EQT during the third quarter worth approximately $1,069,000. Institutional investors own 90.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EQT shares. Jefferies Financial Group lifted their price target on EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. TD Cowen upgraded shares of EQT from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Tuesday, April 8th. Scotiabank lowered shares of EQT from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $55.00 to $54.00 in a research report on Friday, January 17th. JPMorgan Chase & Co. raised their price objective on EQT from $58.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, March 13th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $49.00 target price on shares of EQT in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $55.39.

EQT Stock Performance

Shares of NYSE EQT opened at $51.19 on Wednesday. EQT Co. has a one year low of $30.02 and a one year high of $56.66. The business’s 50-day moving average price is $50.21 and its two-hundred day moving average price is $47.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The company has a market capitalization of $30.64 billion, a P/E ratio of 127.98, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35.

EQT (NYSE:EQT) last issued its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.20. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. Analysts anticipate that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 7th will be issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Wednesday, May 7th. EQT’s dividend payout ratio is presently 110.53%.

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.