Advisors Asset Management Inc. Sells 8,391 Shares of EQT Co. (NYSE:EQT)

Advisors Asset Management Inc. lowered its holdings in EQT Co. (NYSE:EQT) by 11.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 64,931 shares of the oil and gas producer’s stock after selling 8,391 shares during the quarter. Advisors Asset Management Inc.’s holdings in EQT were worth $2,994,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of EQT. Wellington Management Group LLP lifted its holdings in EQT by 38.7% in the 3rd quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer’s stock worth $2,716,968,000 after buying an additional 20,700,921 shares during the period. State Street Corp lifted its holdings in EQT by 24.5% in the 3rd quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer’s stock worth $1,359,183,000 after buying an additional 7,290,822 shares during the period. Geode Capital Management LLC lifted its holdings in EQT by 34.4% in the 3rd quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer’s stock worth $511,159,000 after buying an additional 3,582,418 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in EQT by 386.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,347,660 shares of the oil and gas producer’s stock worth $205,830,000 after buying an additional 3,454,741 shares during the period. Finally, Holocene Advisors LP purchased a new stake in EQT in the 3rd quarter worth approximately $97,979,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EQT. JPMorgan Chase & Co. increased their price objective on EQT from $58.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, March 13th. Royal Bank of Canada restated a “sector perform” rating and issued a $49.00 target price on shares of EQT in a research note on Monday, January 6th. StockNews.com upgraded EQT from a “sell” rating to a “hold” rating in a research note on Friday, March 14th. Wells Fargo & Company raised their target price on EQT from $53.00 to $58.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, The Goldman Sachs Group restated a “reduce” rating on shares of EQT in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $54.50.

EQT Stock Down 1.6 %

EQT stock opened at $52.89 on Friday. The firm has a market cap of $31.60 billion, a price-to-earnings ratio of 132.23, a PEG ratio of 0.64 and a beta of 1.12. The stock has a fifty day simple moving average of $51.25 and a two-hundred day simple moving average of $44.12. EQT Co. has a 12 month low of $30.02 and a 12 month high of $56.66. 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 issued its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.50 by $0.19. EQT had a return on equity of 4.35% and a net margin of 4.37%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. Equities analysts predict that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $0.1575 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 annualized dividend and a yield of 1.19%. EQT’s dividend payout ratio (DPR) is presently 157.50%.

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.