Sciencast Management LP Has $2.69 Million Stock Holdings in EQT Co. (NYSE:EQT)

Sciencast Management LP lessened its position in shares of EQT Co. (NYSE:EQT) by 23.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,287 shares of the oil and gas producer’s stock after selling 17,536 shares during the quarter. Sciencast Management LP’s holdings in EQT were worth $2,688,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in EQT. Truvestments Capital LLC acquired a new position in shares of EQT during the third quarter valued at $30,000. Quarry LP increased its holdings in 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 during the last quarter. Brown Brothers Harriman & Co. bought a new stake in EQT in the third quarter valued at about $36,000. Financial Avengers Inc. increased its holdings in 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 during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in EQT by 26.6% in the fourth 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 last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Trading Down 1.6 %

Shares of NYSE:EQT opened at $52.89 on Friday. EQT Co. has a 52-week low of $30.02 and a 52-week high of $56.66. The company has a market capitalization of $31.60 billion, a P/E ratio of 132.23, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. The company has a 50-day simple moving average of $51.25 and a 200 day simple moving average of $44.12. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70.

EQT (NYSE:EQT) last issued its 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. EQT had a net margin of 4.37% and a return on equity of 4.35%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. Sell-side 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 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 was Tuesday, February 18th. This represents a $0.63 annualized dividend and a yield of 1.19%. EQT’s dividend payout ratio (DPR) is presently 157.50%.

Analyst Ratings Changes

A number of research firms recently commented on EQT. UBS Group upped their price objective on EQT from $54.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Mizuho upgraded EQT from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $48.00 to $57.00 in a research report on Monday, December 16th. JPMorgan Chase & Co. increased their target price on EQT from $58.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, March 13th. Jefferies Financial Group lifted their price target on shares of EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Finally, Piper Sandler increased their price objective on shares of EQT from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, EQT presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.50.

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.