Catalyst Capital Advisors LLC Decreases Stock Position in EQT Co. (NYSE:EQT)

Catalyst Capital Advisors LLC lessened its stake in shares of EQT Co. (NYSE:EQT) by 47.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,451 shares of the oil and gas producer’s stock after selling 1,335 shares during the period. Catalyst Capital Advisors LLC’s holdings in EQT were worth $67,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Principal Financial Group Inc. raised its holdings in EQT by 1.3% during the 4th quarter. Principal Financial Group Inc. now owns 709,517 shares of the oil and gas producer’s stock valued at $32,716,000 after buying an additional 8,803 shares during the period. J.W. Cole Advisors Inc. raised its holdings in EQT by 26.3% during the 4th quarter. J.W. Cole Advisors Inc. now owns 7,732 shares of the oil and gas producer’s stock valued at $357,000 after buying an additional 1,611 shares during the period. Nkcfo LLC purchased a new stake in EQT during the 4th quarter valued at $738,000. Allworth Financial LP raised its holdings in EQT by 37.4% during the 4th quarter. Allworth Financial LP now owns 2,876 shares of the oil and gas producer’s stock valued at $133,000 after buying an additional 783 shares during the period. Finally, Legacy Capital Wealth Partners LLC purchased a new stake in EQT during the 4th quarter valued at $213,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Wall Street Analyst Weigh In

EQT has been the topic of several recent research reports. Mizuho upgraded EQT from a “neutral” rating to an “outperform” rating and increased their price target for the company from $48.00 to $57.00 in a report on Monday, December 16th. Jefferies Financial Group increased their target price on EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Bank of America began coverage on EQT in a research note on Monday, October 28th. They issued a “buy” rating and a $50.00 target price on the stock. Morgan Stanley increased their target price on EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Finally, Stephens increased their target price on EQT from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $51.89.

EQT Price Performance

Shares of EQT stock opened at $53.75 on Wednesday. EQT Co. has a 1-year low of $30.02 and a 1-year high of $54.85. The stock’s 50-day moving average is $49.05 and its 200 day moving average is $41.26. The company has a market cap of $32.07 billion, a P/E ratio of 63.99, a PEG ratio of 0.62 and a beta of 1.08. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51.

EQT (NYSE:EQT) last issued its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.19. EQT had a return on equity of 3.74% and a net margin of 5.52%. Research analysts predict that EQT Co. will post 1.38 earnings per share for the current fiscal year.

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Tuesday, February 18th. EQT’s payout ratio is currently 75.00%.

Insider Activity at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the sale, the director now owns 201,608 shares in the company, valued at approximately $9,038,086.64. The trade was a 13.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.63% of the stock is owned by corporate insiders.

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.