Laird Norton Wetherby Wealth Management LLC Sells 337 Shares of EQT Co. (NYSE:EQT)

Laird Norton Wetherby Wealth Management LLC lessened its stake in EQT Co. (NYSE:EQT) by 1.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 23,374 shares of the oil and gas producer’s stock after selling 337 shares during the period. Laird Norton Wetherby Wealth Management LLC’s holdings in EQT were worth $1,078,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in EQT. Principal Financial Group Inc. lifted its stake in shares of EQT by 39.4% in the third quarter. Principal Financial Group Inc. now owns 700,714 shares of the oil and gas producer’s stock valued at $25,674,000 after buying an additional 198,227 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of EQT by 15.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 41,508 shares of the oil and gas producer’s stock valued at $1,914,000 after buying an additional 5,489 shares during the period. Czech National Bank lifted its stake in EQT by 6.9% during the fourth quarter. Czech National Bank now owns 129,373 shares of the oil and gas producer’s stock worth $5,965,000 after purchasing an additional 8,363 shares during the period. Wedmont Private Capital bought a new position in EQT during the fourth quarter worth about $600,000. Finally, Oak Thistle LLC lifted its stake in EQT by 288.6% during the fourth quarter. Oak Thistle LLC now owns 28,182 shares of the oil and gas producer’s stock worth $1,299,000 after purchasing an additional 20,930 shares during the period. Institutional investors own 90.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Mizuho raised their price target on shares of EQT from $57.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 1st. Citigroup raised their price target on shares of EQT from $51.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, March 17th. Stephens cut their price target on shares of EQT from $59.00 to $57.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. Sanford C. Bernstein upgraded shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price target for the company in a research note on Wednesday, January 15th. Finally, JPMorgan Chase & Co. raised their price objective on shares of EQT from $58.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, EQT currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.67.

EQT Trading Up 3.1%

Shares of NYSE EQT opened at $56.18 on Wednesday. The company’s fifty day moving average is $51.10 and its 200-day moving average is $48.43. The stock has a market cap of $33.63 billion, a price-to-earnings ratio of 140.45, a P/E/G ratio of 0.64 and a beta of 0.59. EQT Co. has a twelve month low of $30.02 and a twelve month high of $56.82. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37.

EQT (NYSE:EQT) last announced its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.20. EQT had a net margin of 4.37% and a return on equity of 4.35%. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.16 billion. Equities research analysts predict that EQT Co. will post 3.27 EPS for the current year.

EQT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th will be issued a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.12%. EQT’s payout ratio is 110.53%.

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.