EQT Co. (NYSE:EQT) Shares Sold by Parametrica Management Ltd

Parametrica Management Ltd reduced its stake in EQT Co. (NYSE:EQT) by 52.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,999 shares of the oil and gas producer’s stock after selling 5,489 shares during the period. Parametrica Management Ltd’s holdings in EQT were worth $231,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP raised its position in EQT by 38.7% in the 3rd quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer’s stock valued at $2,716,968,000 after purchasing an additional 20,700,921 shares in the last quarter. State Street Corp raised its holdings in EQT by 24.5% in the third quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer’s stock valued at $1,359,183,000 after acquiring an additional 7,290,822 shares in the last quarter. Geode Capital Management LLC lifted its stake in EQT by 34.4% in the third quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer’s stock worth $511,159,000 after acquiring an additional 3,582,418 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in EQT by 386.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,347,660 shares of the oil and gas producer’s stock worth $205,830,000 after acquiring an additional 3,454,741 shares in the last quarter. Finally, Holocene Advisors LP acquired a new stake in shares of EQT in the 3rd quarter valued at $97,979,000. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on EQT shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $49.00 target price on shares of EQT in a report on Monday, January 6th. UBS Group increased 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. The Goldman Sachs Group restated a “reduce” rating on shares of EQT in a research note on Wednesday, February 12th. Stephens upgraded shares of EQT from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $41.00 to $59.00 in a research note on Tuesday, March 18th. Finally, Scotiabank downgraded shares of EQT from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $55.00 to $54.00 in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.50.

EQT Stock Performance

NYSE EQT opened at $54.25 on Wednesday. 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 business’s 50 day moving average is $51.40 and its two-hundred day moving average is $44.58. The stock has a market capitalization of $32.41 billion, a price-to-earnings ratio of 135.63, a PEG ratio of 0.64 and a beta of 1.12. EQT Co. has a 12-month low of $30.02 and a 12-month high of $56.66.

EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.19. EQT had a return on equity of 4.35% and a net margin of 4.37%. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Research analysts expect that EQT Co. will post 3.27 EPS for the current year.

EQT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $0.1575 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a yield of 1.16%. EQT’s dividend payout ratio (DPR) is presently 157.50%.

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.