Voya Investment Management LLC Lowers Position in EQT Co. (NYSE:EQT)

Voya Investment Management LLC trimmed its position in shares of EQT Co. (NYSE:EQT) by 7.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,395 shares of the oil and gas producer’s stock after selling 13,873 shares during the quarter. Voya Investment Management LLC’s holdings in EQT were worth $8,364,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in shares of EQT by 26.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock valued at $45,000 after buying an additional 205 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in EQT by 22.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock worth $48,000 after acquiring an additional 193 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in EQT during the fourth quarter worth $55,000. First Horizon Advisors Inc. lifted its holdings in EQT by 33.1% during the fourth quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer’s stock valued at $55,000 after purchasing an additional 298 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in shares of EQT by 1,343.8% in the fourth quarter. Larson Financial Group LLC now owns 1,386 shares of the oil and gas producer’s stock valued at $64,000 after purchasing an additional 1,290 shares during the period. 90.81% of the stock is currently owned by institutional investors and hedge funds.

EQT Stock Up 0.1 %

Shares of EQT opened at $51.19 on Wednesday. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. The firm has a market cap 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. The company’s 50-day moving average price is $50.21 and its 200 day moving average price is $47.28. EQT Co. has a 12-month low of $30.02 and a 12-month high of $56.66.

EQT (NYSE:EQT) last issued its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $2.16 billion. On average, sell-side analysts forecast that EQT Co. will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th will be paid 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 1.23%. EQT’s payout ratio is presently 110.53%.

Analyst Ratings Changes

EQT has been the topic of a number of research reports. StockNews.com lowered shares of EQT from a “hold” rating to a “sell” rating in a research note on Monday, April 7th. Morgan Stanley lifted their price target on EQT from $62.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, April 24th. Mizuho increased their price objective on EQT from $57.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, April 1st. UBS Group lowered their target price on shares of EQT from $55.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Finally, The Goldman Sachs Group reiterated a “reduce” rating on shares of EQT in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, EQT currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.39.

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.