Stoneridge Investment Partners LLC decreased its stake in shares of EQT Co. (NYSE:EQT) by 45.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 69,787 shares of the oil and gas producer’s stock after selling 57,273 shares during the period. Stoneridge Investment Partners LLC’s holdings in EQT were worth $1,318,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. State Treasurer State of Michigan boosted its holdings in shares of EQT by 5.4% during the 3rd quarter. State Treasurer State of Michigan now owns 78,670 shares of the oil and gas producer’s stock worth $3,480,000 after buying an additional 4,000 shares during the period. Prudential Financial Inc. boosted its holdings in EQT by 78.2% in the 3rd quarter. Prudential Financial Inc. now owns 573,178 shares of the oil and gas producer’s stock valued at $25,352,000 after purchasing an additional 251,597 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in EQT by 14.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 304,700 shares of the oil and gas producer’s stock valued at $13,477,000 after purchasing an additional 39,400 shares during the period. Dimensional Fund Advisors LP boosted its holdings in EQT by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 865,368 shares of the oil and gas producer’s stock valued at $38,278,000 after purchasing an additional 3,718 shares during the period. Finally, MERIAN GLOBAL INVESTORS UK Ltd bought a new stake in EQT in the 3rd quarter valued at about $955,000. 96.38% of the stock is owned by institutional investors and hedge funds.
A number of research firms have issued reports on EQT. TheStreet downgraded shares of EQT from a “c-” rating to a “d+” rating in a report on Tuesday, November 20th. Zacks Investment Research reissued a “buy” rating and issued a $35.00 price objective on shares of EQT in a report on Tuesday, November 13th. Citigroup cut their price objective on shares of EQT from $43.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, November 29th. Jefferies Financial Group reissued a “hold” rating and issued a $21.00 price objective on shares of EQT in a report on Tuesday, January 29th. Finally, Credit Suisse Group cut their price objective on shares of EQT from $48.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, November 15th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $38.29.
Shares of NYSE:EQT opened at $18.38 on Tuesday. The company has a market capitalization of $4.68 billion, a PE ratio of 12.50, a PEG ratio of 1.19 and a beta of 0.76. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.48. EQT Co. has a 12 month low of $16.29 and a 12 month high of $57.39.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 15th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, February 14th. EQT’s payout ratio is presently 8.16%.
EQT Company Profile
EQT Corporation, together with its subsidiaries, operates in natural gas industry in the United States. Its EQT Production segment produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2017, this segment operated 21.4 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 4.0 million gross acres comprising approximately 1.1 million gross acres.
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