EQT Co. (NYSE:EQT) Shares Sold by Blume Capital Management Inc.

Blume Capital Management Inc. decreased its holdings in EQT Co. (NYSE:EQT) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,265 shares of the oil and gas producer’s stock after selling 600 shares during the quarter. Blume Capital Management Inc.’s holdings in EQT were worth $750,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EQT. Commonwealth Equity Services LLC grew its stake in shares of EQT by 2.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 118,804 shares of the oil and gas producer’s stock worth $5,478,000 after acquiring an additional 2,407 shares in the last quarter. Mercuria Capital Strategies LLC purchased a new position in EQT in the fourth quarter valued at $35,044,000. Erste Asset Management GmbH acquired a new position in EQT during the 4th quarter worth $842,000. Telemark Asset Management LLC purchased a new stake in EQT during the 4th quarter worth about $13,833,000. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in EQT in the 4th quarter valued at about $67,977,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Stock Down 0.4 %

EQT stock opened at $48.76 on Friday. EQT Co. has a 12 month low of $30.02 and a 12 month high of $56.66. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The company has a market cap of $29.13 billion, a price-to-earnings ratio of 121.90, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. The company has a fifty day moving average price of $50.74 and a 200 day moving average price of $43.32.

EQT (NYSE:EQT) last announced its earnings results 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. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. Sell-side analysts expect that EQT Co. will post 3.27 earnings per share for the current year.

EQT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT’s dividend payout ratio (DPR) is presently 157.50%.

Analyst Ratings Changes

A number of analysts recently weighed in on EQT shares. Morgan Stanley upped their target price on shares of EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Mizuho upgraded shares of EQT from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $48.00 to $57.00 in a report on Monday, December 16th. Citigroup cut shares of EQT from a “buy” rating to a “reduce” rating in a research report on Wednesday, March 5th. Piper Sandler increased their target price on EQT from $35.00 to $36.00 and gave the company a “neutral” rating in a report on Thursday, March 6th. Finally, Jefferies Financial Group lifted their price target on EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, EQT presently has a consensus rating of “Hold” and an average price target of $52.56.

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.