EQT Co. (NYSE:EQT) Shares Sold by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC decreased its holdings in EQT Co. (NYSE:EQT) by 16.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,529 shares of the oil and gas producer’s stock after selling 5,187 shares during the quarter. Resonant Capital Advisors LLC’s holdings in EQT were worth $1,026,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC acquired a new stake in shares of EQT in the 2nd quarter worth $33,000. BKM Wealth Management LLC purchased a new position in EQT in the 4th quarter worth $40,000. Belpointe Asset Management LLC raised its stake in EQT by 270.0% in the 1st quarter. Belpointe Asset Management LLC now owns 1,258 shares of the oil and gas producer’s stock worth $40,000 after acquiring an additional 918 shares during the last quarter. Tyler Stone Wealth Management purchased a new position in EQT in the 2nd quarter worth $40,000. Finally, Clearstead Advisors LLC purchased a new position in EQT in the 3rd quarter worth $41,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Price Performance

Shares of NYSE EQT opened at $36.65 on Friday. The firm has a market cap of $16.14 billion, a PE ratio of 8.62 and a beta of 1.12. The firm has a fifty day moving average of $35.92 and a 200 day moving average of $38.06. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.99 and a current ratio of 0.99. EQT Co. has a one year low of $30.84 and a one year high of $45.23.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, February 13th. The oil and gas producer reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. EQT had a net margin of 25.12% and a return on equity of 7.12%. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the firm earned $0.42 EPS. The firm’s revenue was up 17.6% compared to the same quarter last year. As a group, research analysts predict that EQT Co. will post 1.34 EPS for the current fiscal year.

EQT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 8th will be paid a dividend of $0.1575 per share. The ex-dividend date is Tuesday, May 7th. This represents a $0.63 annualized dividend and a yield of 1.72%. EQT’s dividend payout ratio (DPR) is presently 14.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Mizuho raised their price target on shares of EQT from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday. Scotiabank raised shares of EQT from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $40.00 to $52.00 in a research report on Thursday, April 11th. StockNews.com raised shares of EQT to a “sell” rating in a research report on Tuesday, March 12th. Royal Bank of Canada reissued an “outperform” rating and set a $46.00 price target on shares of EQT in a research report on Tuesday, March 5th. Finally, The Goldman Sachs Group reduced their price target on shares of EQT from $48.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $43.38.

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.