Trek Financial LLC Sells 20,875 Shares of EQT Co. (NYSE:EQT)

Trek Financial LLC reduced its holdings in shares of EQT Co. (NYSE:EQT) by 16.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 108,367 shares of the oil and gas producer’s stock after selling 20,875 shares during the period. Trek Financial LLC’s holdings in EQT were worth $4,997,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EQT. Sanctuary Advisors LLC boosted its holdings in EQT by 104.7% during the third quarter. Sanctuary Advisors LLC now owns 63,507 shares of the oil and gas producer’s stock valued at $2,327,000 after purchasing an additional 32,484 shares in the last quarter. Retirement Systems of Alabama boosted its stake in EQT by 36.7% in the 3rd quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer’s stock valued at $4,878,000 after buying an additional 35,733 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in EQT by 44.2% in the fourth 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 acquiring an additional 16,416 shares during the period. FMR LLC raised its stake in EQT by 2.5% during the third quarter. FMR LLC now owns 1,133,197 shares of the oil and gas producer’s stock worth $41,520,000 after acquiring an additional 28,129 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in shares of 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 valued at $298,000 after acquiring an additional 762 shares during the period. Institutional investors own 90.81% of the company’s stock.

EQT Trading Down 11.6 %

NYSE:EQT opened at $46.02 on Friday. The firm 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. EQT Co. has a 1-year low of $30.02 and a 1-year high of $56.66. The business’s 50-day moving average price is $51.25 and its two-hundred day moving average price is $45.59. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37.

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

EQT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT’s payout ratio is presently 157.50%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EQT shares. Royal Bank of Canada restated a “sector perform” rating and issued a $49.00 price target on shares of EQT in a research report on Monday, January 6th. Mizuho increased their price target on EQT from $57.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 1st. Piper Sandler lifted their price objective on EQT from $35.00 to $36.00 and gave the company a “neutral” rating in a research report on Thursday, March 6th. Stephens upgraded EQT from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $41.00 to $59.00 in a research note on Tuesday, March 18th. Finally, Scotiabank lowered shares of EQT from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $55.00 to $54.00 in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, EQT currently has a consensus rating of “Moderate Buy” and an average price target of $55.28.

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.