Evergreen Capital Management LLC Sells 49,592 Shares of EQT Co. (NYSE:EQT)

Evergreen Capital Management LLC lowered its position in shares of EQT Co. (NYSE:EQT) by 17.8% in the fourth quarter, Holdings Channel reports. The firm owned 229,067 shares of the oil and gas producer’s stock after selling 49,592 shares during the period. Evergreen Capital Management LLC’s holdings in EQT were worth $10,562,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Sanctuary Advisors LLC grew its stake in EQT by 104.7% in the third quarter. Sanctuary Advisors LLC now owns 63,507 shares of the oil and gas producer’s stock valued at $2,327,000 after acquiring an additional 32,484 shares during the period. Retirement Systems of Alabama boosted its holdings in shares of EQT by 36.7% in the third quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer’s stock valued at $4,878,000 after buying an additional 35,733 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of EQT by 44.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,555 shares of the oil and gas producer’s stock worth $2,379,000 after acquiring an additional 16,416 shares during the period. D.A. Davidson & CO. boosted its stake in EQT by 13.4% in the 4th quarter. D.A. Davidson & CO. now owns 6,467 shares of the oil and gas producer’s stock worth $298,000 after purchasing an additional 762 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of EQT by 15.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 41,508 shares of the oil and gas producer’s stock valued at $1,914,000 after purchasing an additional 5,489 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EQT. TD Cowen raised EQT from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Tuesday, April 8th. Stephens dropped their target price on EQT from $59.00 to $57.00 and set an “overweight” rating on the stock in a report on Tuesday. Citigroup upped their price objective on EQT from $51.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, March 17th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $49.00 price target on shares of EQT in a research note on Monday, January 6th. Finally, Scotiabank downgraded shares of EQT from a “sector outperform” rating to a “sector perform” rating and cut their target price for the company from $55.00 to $54.00 in a research note on Friday, January 17th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, EQT presently has a consensus rating of “Moderate Buy” and an average price target of $55.61.

EQT Trading Up 1.5 %

EQT opened at $50.71 on Wednesday. The company has a market cap of $30.30 billion, a P/E ratio of 126.79, a PEG ratio of 0.64 and a beta of 1.35. 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 company’s 50 day moving average is $50.86 and its 200-day moving average is $46.38. EQT Co. has a 1-year low of $30.02 and a 1-year high of $56.66.

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, topping 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 business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. Equities research analysts predict that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT’s dividend payout ratio is currently 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.