Kentucky Retirement Systems Sells 562 Shares of EQT Co. (NYSE:EQT)

Kentucky Retirement Systems lowered its position in EQT Co. (NYSE:EQT) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,821 shares of the oil and gas producer’s stock after selling 562 shares during the period. Kentucky Retirement Systems’ holdings in EQT were worth $1,882,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. HM Payson & Co. bought a new position in shares of EQT in the third quarter valued at approximately $25,000. Truvestments Capital LLC acquired a new stake in shares of EQT in the third quarter valued at approximately $30,000. Quarry LP increased its holdings in shares of EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 578 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of EQT in the third quarter valued at approximately $36,000. Finally, Financial Avengers Inc. increased its holdings in shares of EQT by 100.8% in the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 504 shares in the last quarter. Institutional investors own 90.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EQT. The Goldman Sachs Group reissued a “reduce” rating on shares of EQT in a report on Wednesday, February 12th. StockNews.com raised shares of EQT to a “sell” rating in a report on Saturday, February 8th. Bank of America began coverage on shares of EQT in a report on Monday, October 28th. They issued a “buy” rating and a $50.00 price target for the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $49.00 price target on shares of EQT in a report on Monday, January 6th. Finally, Citigroup lifted their target price on shares of EQT from $44.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $52.17.

Insider Activity at EQT

In related news, Director Thomas F. Karam sold 30,154 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total value of $1,351,803.82. Following the sale, the director now directly owns 201,608 shares of the company’s stock, valued at approximately $9,038,086.64. The trade was a 13.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.63% of the stock is currently owned by insiders.

EQT Price Performance

Shares of EQT stock opened at $50.15 on Friday. EQT Co. has a 12-month low of $30.02 and a 12-month high of $56.66. The firm has a market capitalization of $29.96 billion, a price-to-earnings ratio of 125.37, a price-to-earnings-growth ratio of 0.64 and a beta of 1.08. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The firm has a fifty day moving average of $49.67 and a 200-day moving average of $41.72.

EQT (NYSE:EQT) last announced its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.19. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. On average, equities research analysts forecast that EQT Co. will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a $0.1575 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.63 annualized dividend and a yield of 1.26%. EQT’s dividend payout ratio is currently 157.50%.

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.