Pullen Investment Management LLC Has $218,000 Stock Position in EQT Co. (NYSE:EQT)

Pullen Investment Management LLC reduced its holdings in shares of EQT Co. (NYSE:EQT) by 81.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,083 shares of the oil and gas producer’s stock after selling 17,500 shares during the quarter. Pullen Investment Management LLC’s holdings in EQT were worth $218,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. increased its position in shares of EQT by 47.7% in the fourth 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 acquiring an additional 310 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in EQT by 26.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock worth $45,000 after buying an additional 205 shares during the last quarter. Parkside Financial Bank & Trust raised its position in EQT by 22.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock worth $48,000 after acquiring an additional 193 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in EQT in the fourth quarter valued at $55,000. Finally, First Horizon Advisors Inc. increased its stake in shares of 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 worth $55,000 after purchasing an additional 298 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on EQT shares. Scotiabank reiterated a “sector perform” rating and issued a $62.00 target price (up from $57.00) on shares of EQT in a research note on Thursday, May 22nd. TD Cowen raised EQT from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Tuesday, April 8th. Wall Street Zen lowered EQT from a “hold” rating to a “sell” rating in a report on Monday, April 7th. UBS Group raised EQT from a “neutral” rating to a “buy” rating and raised their price target for the company from $54.00 to $64.00 in a report on Monday, May 5th. Finally, Citigroup lifted their price objective on shares of EQT from $51.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, March 17th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $57.11.

EQT Trading Up 2.3%

Shares of EQT stock opened at $56.82 on Friday. The stock has a market cap of $34.02 billion, a P/E ratio of 142.06, a price-to-earnings-growth ratio of 0.64 and a beta of 0.65. EQT Co. has a 1 year low of $30.02 and a 1 year high of $57.37. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. The stock has a 50 day simple moving average of $53.14 and a 200 day simple moving average of $50.60.

EQT (NYSE:EQT) last issued its quarterly 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. The company had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.16 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. On average, research analysts predict that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders 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 dividend yield of 1.11%. The ex-dividend date was Wednesday, May 7th. EQT’s dividend payout ratio (DPR) is presently 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.