EQT Co. (NYSE:EQT) Shares Sold by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC reduced its position in EQT Co. (NYSE:EQT) by 16.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 26,529 shares of the oil and gas producer’s stock after selling 5,187 shares during the quarter. Resonant Capital Advisors LLC’s holdings in EQT were worth $1,026,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Andrew Hill Investment Advisors Inc. acquired a new position in shares of EQT in the 4th quarter valued at about $757,000. Fidelis Capital Partners LLC acquired a new position in shares of EQT in the 4th quarter valued at about $278,000. Xponance Inc. lifted its stake in shares of EQT by 6.4% in the 4th quarter. Xponance Inc. now owns 49,834 shares of the oil and gas producer’s stock valued at $1,927,000 after purchasing an additional 2,984 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of EQT by 20.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 35,924 shares of the oil and gas producer’s stock valued at $1,389,000 after purchasing an additional 6,060 shares in the last quarter. Finally, Guidance Capital Inc. lifted its stake in shares of EQT by 6.5% in the 4th quarter. Guidance Capital Inc. now owns 17,268 shares of the oil and gas producer’s stock valued at $672,000 after purchasing an additional 1,061 shares in the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

EQT Price Performance

EQT stock opened at $36.65 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.37. EQT Co. has a 52-week low of $30.84 and a 52-week high of $45.23. The stock’s 50 day moving average is $35.92 and its two-hundred day moving average is $38.06. The company has a market capitalization of $16.14 billion, a PE ratio of 8.62 and a beta of 1.12.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, February 13th. The oil and gas producer reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. EQT had a return on equity of 7.12% and a net margin of 25.12%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the business earned $0.42 EPS. The business’s quarterly revenue was up 17.6% on a year-over-year basis. Analysts predict that EQT Co. will post 1.34 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. Stockholders of record on Wednesday, May 8th will be issued a $0.1575 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.72%. EQT’s dividend payout ratio (DPR) is 14.82%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on EQT shares. StockNews.com raised EQT to a “sell” rating in a research note on Tuesday, March 12th. Scotiabank upgraded EQT from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $40.00 to $52.00 in a report on Thursday, April 11th. TD Cowen began coverage on EQT in a report on Friday. They set a “hold” rating and a $43.00 target price on the stock. Jefferies Financial Group raised their target price on EQT from $42.00 to $43.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, Wells Fargo & Company downgraded EQT from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $48.00 to $37.00 in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, EQT currently has a consensus rating of “Hold” and an average target price of $43.38.

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.