EQT Co. (NYSE:EQT) Shares Sold by Woodline Partners LP

Woodline Partners LP lowered its stake in EQT Co. (NYSE:EQT) by 40.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,672,693 shares of the oil and gas producer’s stock after selling 1,145,777 shares during the quarter. Woodline Partners LP owned about 0.28% of EQT worth $77,128,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Parkside Financial Bank & Trust grew its stake in EQT by 22.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock valued at $48,000 after purchasing an additional 193 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock valued at $45,000 after purchasing an additional 205 shares in the last quarter. Wilmington Savings Fund Society FSB grew its stake in EQT by 4.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer’s stock valued at $218,000 after purchasing an additional 223 shares in the last quarter. Huntington National Bank grew its stake in EQT by 7.4% during the 4th quarter. Huntington National Bank now owns 3,265 shares of the oil and gas producer’s stock valued at $151,000 after purchasing an additional 224 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in EQT by 15.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer’s stock valued at $79,000 after purchasing an additional 236 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Trading Down 0.6%

Shares of EQT stock opened at $55.50 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. EQT Co. has a 1 year low of $30.02 and a 1 year high of $57.04. The stock has a fifty day moving average of $51.71 and a two-hundred day moving average of $49.04. The firm has a market capitalization of $33.22 billion, a PE ratio of 138.75, a price-to-earnings-growth ratio of 0.64 and a beta of 0.59.

EQT (NYSE:EQT) last posted its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.20. EQT had a return on equity of 4.35% and a net margin of 4.37%. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.16 billion. As a group, research analysts expect that EQT Co. will post 3.27 EPS 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. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Wednesday, May 7th. EQT’s dividend payout ratio is presently 110.53%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group restated a “reduce” rating on shares of EQT in a research note on Wednesday, February 12th. JPMorgan Chase & Co. increased their target price on EQT from $58.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, March 13th. UBS Group raised EQT from a “neutral” rating to a “buy” rating and increased their target price for the stock from $54.00 to $64.00 in a report on Monday, May 5th. Citigroup increased their target price on EQT from $51.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, March 17th. Finally, Piper Sandler increased their target price on EQT from $35.00 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $56.67.

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.