Amundi Sells 509,457 Shares of EQT Co. (NYSE:EQT)

Amundi lessened its stake in EQT Co. (NYSE:EQT) by 16.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,679,419 shares of the oil and gas producer’s stock after selling 509,457 shares during the period. Amundi owned 0.45% of EQT worth $131,292,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of EQT. Truvestments Capital LLC bought a new position in EQT in the 3rd quarter worth approximately $30,000. Quarry LP raised its position in EQT by 184.7% in the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 578 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in EQT in the 3rd quarter worth approximately $36,000. Financial Avengers Inc. raised its position in EQT by 100.8% in the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock worth $37,000 after purchasing an additional 504 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position 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 purchasing an additional 193 shares during the last quarter. Institutional investors own 90.81% of the company’s stock.

EQT Price Performance

Shares of NYSE EQT opened at $47.55 on Tuesday. The firm has a market cap of $28.41 billion, a PE ratio of 118.88, a PEG ratio of 0.64 and a beta of 1.12. 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 Co. has a 1-year low of $30.02 and a 1-year high of $56.66. The company has a fifty day moving average price of $50.59 and a 200 day moving average price of $43.13.

EQT (NYSE:EQT) last issued its quarterly earnings results 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 net margin of 4.37% and a return on equity of 4.35%. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Research analysts predict that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $0.1575 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 annualized dividend and a yield of 1.32%. EQT’s dividend payout ratio (DPR) is presently 157.50%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EQT. Truist Financial boosted their price objective on shares of EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Mizuho raised shares of EQT from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $48.00 to $57.00 in a report on Monday, December 16th. Wells Fargo & Company lifted their target price on shares of EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. The Goldman Sachs Group reaffirmed a “reduce” rating on shares of EQT in a report on Wednesday, February 12th. Finally, UBS Group lifted their target price on shares of EQT from $54.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $52.44.

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.