AGF Management Ltd. Sells 847 Shares of EQT Co. (NYSE:EQT)

by · The Cerbat Gem

AGF Management Ltd. trimmed its stake in shares of EQT Co. (NYSE:EQT – Free Report) by 6.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 12,869 shares of the oil and gas producer’s stock after selling 847 shares during the quarter. AGF Management Ltd.’s holdings in EQT were worth $593,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of EQT. Parkside Financial Bank & Trust boosted its stake in shares of 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 valued at $48,000 after purchasing an additional 193 shares during the period. Wilmington Savings Fund Society FSB boosted its position in EQT by 4.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer’s stock valued at $218,000 after buying an additional 223 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in EQT by 15.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer’s stock worth $79,000 after acquiring an additional 236 shares during the last quarter. Radnor Capital Management LLC increased its position in shares of EQT by 0.4% in the fourth quarter. Radnor Capital Management LLC now owns 60,948 shares of the oil and gas producer’s stock valued at $2,810,000 after acquiring an additional 237 shares during the period. Finally, Waldron Private Wealth LLC raised its stake in shares of EQT by 0.7% during the fourth quarter. Waldron Private Wealth LLC now owns 37,323 shares of the oil and gas producer’s stock valued at $1,721,000 after acquiring an additional 251 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors.

EQT Stock Up 3.8 %

Shares of NYSE:EQT opened at $50.71 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. The stock has a fifty day simple moving average of $50.82 and a two-hundred day simple moving average of $43.44. 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 $30.30 billion, a price-to-earnings ratio of 126.79, a PEG ratio of 0.64 and a beta of 1.12.

EQT (NYSE:EQT – Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.19. EQT had a return on equity of 4.35% and a net margin of 4.37%. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. On average, research analysts anticipate that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders 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 dividend yield of 1.24%. The ex-dividend date was Tuesday, February 18th. EQT’s payout ratio is 157.50%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on EQT shares. Mizuho upgraded EQT from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $48.00 to $57.00 in a report on Monday, December 16th. StockNews.com raised EQT from a “sell” rating to a “hold” rating in a research note on Friday. Morgan Stanley raised their price target on EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Jefferies Financial Group boosted their price objective on shares of EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, Piper Sandler raised their target price on shares of EQT from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, March 6th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $52.56.

Get Our Latest Analysis on EQT

EQT Profile

(Free Report)

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.

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