Interval Partners LP Sells 63,553 Shares of EQT Co. (NYSE:EQT)

Interval Partners LP reduced its position in EQT Co. (NYSE:EQT) by 35.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 114,992 shares of the oil and gas producer’s stock after selling 63,553 shares during the period. Interval Partners LP’s holdings in EQT were worth $5,302,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of EQT by 44.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,555 shares of the oil and gas producer’s stock valued at $2,379,000 after acquiring an additional 16,416 shares in the last quarter. D.A. Davidson & CO. raised its holdings in shares of EQT by 13.4% in the fourth quarter. D.A. Davidson & CO. now owns 6,467 shares of the oil and gas producer’s stock valued at $298,000 after acquiring an additional 762 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of EQT by 15.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 41,508 shares of the oil and gas producer’s stock valued at $1,914,000 after acquiring an additional 5,489 shares in the last quarter. Howard Financial Services LTD. bought a new stake in shares of EQT in the fourth quarter valued at about $223,000. Finally, Segment Wealth Management LLC bought a new stake in shares of EQT in the fourth quarter valued at about $1,735,000. 90.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on EQT. Scotiabank lowered EQT from a “sector outperform” rating to a “sector perform” rating and cut their target price for the company from $55.00 to $54.00 in a research note on Friday, January 17th. Truist Financial lifted their target price on EQT from $41.00 to $56.00 and gave the company a “hold” rating in a research note on Monday, January 13th. TD Cowen upgraded EQT from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Tuesday, April 8th. StockNews.com lowered EQT from a “hold” rating to a “sell” rating in a research note on Monday, April 7th. Finally, Sanford C. Bernstein upgraded EQT from a “market perform” rating to an “outperform” rating and set a $73.00 target price on the stock in a research note on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $55.94.

EQT Price Performance

Shares of NYSE EQT opened at $55.28 on Monday. The business’s 50 day moving average price is $50.81 and its 200 day moving average price is $48.26. The firm has a market cap of $33.09 billion, a P/E ratio of 138.20, a P/E/G ratio of 0.64 and a beta of 0.59. EQT Co. has a 52 week low of $30.02 and a 52 week high of $57.23. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.20. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. On average, sell-side analysts expect that EQT Co. will post 3.27 earnings per share for the current year.

EQT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 7th will be given a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a yield of 1.14%. EQT’s dividend payout ratio is currently 110.53%.

EQT 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.