EQT Co. (NYSE:EQT) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. trimmed its holdings in shares of EQT Co. (NYSE:EQT) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,068 shares of the oil and gas producer’s stock after selling 786 shares during the quarter. Securian Asset Management Inc.’s holdings in EQT were worth $1,479,000 as of its most recent SEC filing.

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 3rd quarter worth approximately $30,000. Quarry LP raised its stake in EQT by 184.7% in the 3rd 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. acquired a new position in EQT in the 3rd quarter valued at $36,000. Financial Avengers Inc. raised its stake in EQT by 100.8% in the 3rd 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 raised its stake in EQT by 26.6% in the 4th 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. 90.81% of the stock is owned by institutional investors and hedge funds.

EQT Stock Performance

Shares of EQT stock opened at $48.76 on Friday. The business has a 50-day moving average of $50.74 and a 200 day moving average of $43.32. EQT Co. has a 12 month low of $30.02 and a 12 month high of $56.66. The stock has a market capitalization of $29.13 billion, a price-to-earnings ratio of 121.90, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51.

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

EQT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT’s dividend payout ratio (DPR) is 157.50%.

Analyst Ratings Changes

EQT has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price objective on EQT from $58.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday. Royal Bank of Canada restated a “sector perform” rating and issued a $49.00 target price on shares of EQT in a report on Monday, January 6th. Wells Fargo & Company upped their target price on EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. StockNews.com upgraded EQT to a “sell” rating in a report on Saturday, February 8th. Finally, Citigroup cut EQT from a “buy” rating to a “reduce” rating in a report on Wednesday, March 5th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, EQT has a consensus rating of “Hold” and an average price target of $52.56.

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.