CENTRAL TRUST Co Sells 492 Shares of EQT Co. (NYSE:EQT)

CENTRAL TRUST Co cut its stake in shares of EQT Co. (NYSE:EQT) by 24.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,512 shares of the oil and gas producer’s stock after selling 492 shares during the quarter. CENTRAL TRUST Co’s holdings in EQT were worth $56,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wellington Management Group LLP lifted its position in shares of EQT by 61.9% in the 3rd quarter. Wellington Management Group LLP now owns 19,687,594 shares of the oil and gas producer’s stock worth $798,923,000 after purchasing an additional 7,526,875 shares during the period. Vanguard Group Inc. lifted its position in shares of EQT by 8.6% in the 3rd quarter. Vanguard Group Inc. now owns 44,899,640 shares of the oil and gas producer’s stock worth $1,822,027,000 after purchasing an additional 3,539,661 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of EQT by 6.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 52,883,676 shares of the oil and gas producer’s stock worth $2,044,484,000 after purchasing an additional 3,159,700 shares during the period. Boston Partners lifted its position in shares of EQT by 4,680.4% in the 4th quarter. Boston Partners now owns 2,868,030 shares of the oil and gas producer’s stock worth $110,854,000 after purchasing an additional 2,808,034 shares during the period. Finally, Third Point LLC acquired a new position in shares of EQT in the 4th quarter worth approximately $75,387,000. 90.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on EQT shares. Stephens boosted their target price on shares of EQT from $46.00 to $47.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 24th. Jefferies Financial Group boosted their price target on shares of EQT from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, April 5th. The Goldman Sachs Group decreased their price target on shares of EQT from $48.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, April 2nd. Morgan Stanley boosted their price target on shares of EQT from $37.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, April 17th. Finally, Scotiabank boosted their price target on shares of EQT from $52.00 to $54.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $44.94.

EQT Stock Performance

NYSE EQT traded down $1.30 during trading on Thursday, hitting $39.91. 16,483,769 shares of the company’s stock traded hands, compared to its average volume of 6,503,718. The stock has a market capitalization of $17.62 billion, a price-to-earnings ratio of 29.50 and a beta of 1.09. EQT Co. has a 12-month low of $32.07 and a 12-month high of $45.23. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.88. The business has a 50 day moving average of $37.87 and a 200-day moving average of $37.62.

EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, April 23rd. The oil and gas producer reported $0.82 EPS for the quarter, beating the consensus estimate of $0.65 by $0.17. EQT had a net margin of 10.96% and a return on equity of 4.57%. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the firm earned $1.70 earnings per share. The company’s revenue was down 28.8% compared to the same quarter last year. As a group, equities research analysts anticipate that EQT Co. will post 1.03 earnings per share for the current fiscal year.

EQT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 8th will be issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Tuesday, May 7th. EQT’s payout ratio is 45.65%.

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.