Net Worth Advisory Group Sells 4,341 Shares of EQT Co. (NYSE:EQT)

Net Worth Advisory Group lessened its holdings in shares of EQT Co. (NYSE:EQT) by 21.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,178 shares of the oil and gas producer’s stock after selling 4,341 shares during the quarter. Net Worth Advisory Group’s holdings in EQT were worth $864,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. raised its stake in EQT by 47.7% during the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer’s stock valued at $44,000 after purchasing an additional 310 shares during the period. EverSource Wealth Advisors LLC raised 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 during the period. Parkside Financial Bank & Trust raised 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 during the period. Stonebridge Financial Group LLC bought a new stake in EQT during the 4th quarter valued at approximately $55,000. Finally, First Horizon Advisors Inc. raised its stake in EQT by 33.1% during the 4th quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer’s stock valued at $55,000 after purchasing an additional 298 shares during the period. Institutional investors own 90.81% of the company’s stock.

EQT Price Performance

Shares of EQT stock opened at $53.94 on Thursday. The stock has a market cap of $32.29 billion, a price-to-earnings ratio of 134.86, a price-to-earnings-growth ratio of 0.64 and a beta of 0.65. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. The stock has a 50 day moving average price of $52.78 and a 200-day moving average price of $50.45. EQT Co. has a one year low of $30.02 and a one year high of $57.37.

EQT (NYSE:EQT) last announced its earnings results 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 firm had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Equities analysts expect that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Wednesday, May 7th were issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Wednesday, May 7th. EQT’s payout ratio is currently 110.53%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EQT. UBS Group raised EQT from a “neutral” rating to a “buy” rating and lifted their target price for the company from $54.00 to $64.00 in a research note on Monday, May 5th. Mizuho raised their price target on EQT from $57.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, April 1st. The Goldman Sachs Group restated a “reduce” rating on shares of EQT in a report on Wednesday, February 12th. Stephens cut their price target on EQT from $59.00 to $57.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Finally, Citigroup raised their price target on EQT from $51.00 to $60.00 and gave the company a “buy” rating in a report on Monday, March 17th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, EQT currently has an average rating of “Moderate Buy” and a consensus target price of $57.11.

EQT Company 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.