Cerity Partners LLC Sells 2,215 Shares of EQT Co. (NYSE:EQT)

Cerity Partners LLC reduced its position in EQT Co. (NYSE:EQT) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,539 shares of the oil and gas producer’s stock after selling 2,215 shares during the period. Cerity Partners LLC’s holdings in EQT were worth $1,593,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in EQT by 26.6% during the fourth 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 period. Parkside Financial Bank & Trust boosted its stake in EQT by 22.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock worth $48,000 after buying an additional 193 shares during the period. Stonebridge Financial Group LLC bought a new position in EQT during the fourth quarter valued at $55,000. First Horizon Advisors Inc. lifted its holdings in shares of EQT by 33.1% in the 4th quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer’s stock worth $55,000 after acquiring an additional 298 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of EQT by 1,343.8% during the 4th quarter. Larson Financial Group LLC now owns 1,386 shares of the oil and gas producer’s stock worth $64,000 after purchasing an additional 1,290 shares during the period. 90.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Stephens reduced their price objective on shares of EQT from $59.00 to $57.00 and set an “overweight” rating on the stock in a research report on Tuesday. The Goldman Sachs Group restated a “reduce” rating on shares of EQT in a report on Wednesday, February 12th. Truist Financial increased their target price on EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. TD Cowen raised shares of EQT from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Tuesday, April 8th. Finally, Citigroup raised their price target on shares of EQT from $51.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $55.56.

EQT Price Performance

Shares of EQT stock opened at $51.01 on Friday. The stock’s 50-day moving average is $50.80 and its 200 day moving average is $46.51. EQT Co. has a 1-year low of $30.02 and a 1-year high of $56.66. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The company has a market cap of $30.47 billion, a P/E ratio of 127.52, a PEG ratio of 0.64 and a beta of 1.35.

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

EQT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th will be issued a dividend of $0.1575 per share. The ex-dividend date is Wednesday, May 7th. This represents a $0.63 annualized dividend and a dividend yield of 1.24%. EQT’s dividend payout ratio is presently 157.50%.

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.