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

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

A number of other hedge funds have also bought and sold shares of EQT. Exchange Traded Concepts LLC raised its position in EQT by 780.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 6,085 shares of the oil and gas producer’s stock worth $223,000 after buying an additional 5,394 shares during the last quarter. Creative Planning raised its position in EQT by 92.6% in the 3rd quarter. Creative Planning now owns 99,480 shares of the oil and gas producer’s stock worth $3,645,000 after buying an additional 47,825 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in EQT by 42.0% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,269 shares of the oil and gas producer’s stock worth $2,172,000 after buying an additional 17,526 shares during the last quarter. Blue Trust Inc. raised its position in EQT by 168.9% in the 3rd quarter. Blue Trust Inc. now owns 2,684 shares of the oil and gas producer’s stock worth $99,000 after buying an additional 1,686 shares during the last quarter. Finally, Raymond James & Associates increased its position in shares of EQT by 30.7% during the 3rd quarter. Raymond James & Associates now owns 966,434 shares of the oil and gas producer’s stock valued at $35,410,000 after purchasing an additional 226,845 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

EQT Trading Up 0.6 %

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 company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market capitalization of $32.07 billion, a price-to-earnings ratio of 63.99, a PEG ratio of 0.62 and a beta of 1.08. The business has a 50 day simple moving average of $49.05 and a two-hundred day simple moving average of $41.26.

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

EQT Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on EQT shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $49.00 price target on shares of EQT in a research report on Monday, January 6th. Jefferies Financial Group upped their price target 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. Wells Fargo & Company upped their price target on shares of EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Piper Sandler upped their price target on shares of EQT from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, Bank of America initiated coverage on shares of EQT in a research report on Monday, October 28th. They set a “buy” rating and a $50.00 price target for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, EQT presently has a consensus rating of “Moderate Buy” and an average target price of $51.89.

Insider Activity

In other news, Director Thomas F. Karam sold 30,154 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 201,608 shares in the company, valued at approximately $9,038,086.64. This represents a 13.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.63% of the company’s stock.

EQT Company 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.