EQT Co. (NYSE:EQT) Shares Sold by Strs Ohio

Strs Ohio reduced its stake in shares of EQT Co. (NYSE:EQT) by 2.8% in the 4th quarter, HoldingsChannel reports. The firm owned 257,791 shares of the oil and gas producer’s stock after selling 7,491 shares during the quarter. Strs Ohio’s holdings in EQT were worth $9,966,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC acquired a new position in shares of EQT in the second quarter worth $33,000. Tyler Stone Wealth Management acquired a new position in EQT in the 2nd quarter valued at about $40,000. Clearstead Advisors LLC purchased a new position in EQT in the 3rd quarter valued at about $41,000. BKM Wealth Management LLC acquired a new stake in shares of EQT during the 4th quarter worth about $40,000. Finally, Belpointe Asset Management LLC grew its holdings in shares of EQT by 270.0% during the first quarter. Belpointe Asset Management LLC now owns 1,258 shares of the oil and gas producer’s stock worth $40,000 after buying an additional 918 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

EQT Trading Down 0.5 %

Shares of EQT opened at $36.03 on Thursday. EQT Co. has a 12 month low of $30.84 and a 12 month high of $45.23. The stock’s 50-day moving average is $35.85 and its two-hundred day moving average is $38.09. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market cap of $15.87 billion, a PE ratio of 8.48 and a beta of 1.12.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, February 13th. The oil and gas producer reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. EQT had a return on equity of 7.12% and a net margin of 25.12%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the company posted $0.42 EPS. EQT’s revenue for the quarter was up 17.6% on a year-over-year basis. Equities analysts forecast that EQT Co. will post 1.31 earnings per share for the current fiscal year.

EQT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 8th will be issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.75%. EQT’s payout ratio is 14.82%.

Analysts Set New Price Targets

EQT has been the topic of a number of analyst reports. StockNews.com upgraded shares of EQT to a “sell” rating in a research report on Tuesday, March 12th. Piper Sandler raised their price objective on EQT from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, March 7th. The Goldman Sachs Group dropped their target price on EQT from $48.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, April 2nd. Sanford C. Bernstein raised EQT from an “underperform” rating to a “market perform” rating and raised their price target for the stock from $27.00 to $34.00 in a research note on Wednesday, April 10th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $46.00 price target on shares of EQT in a report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $43.13.

About EQT

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.