Sentry Investment Management LLC Lowers Holdings in EQT Co. (NYSE:EQT)

Sentry Investment Management LLC decreased its holdings in EQT Co. (NYSE:EQT) by 14.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,487 shares of the oil and gas producer’s stock after selling 405 shares during the quarter. Sentry Investment Management LLC’s holdings in EQT were worth $115,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in EQT. Blue Trust Inc. boosted its stake in shares of EQT by 168.9% in the third quarter. Blue Trust Inc. now owns 2,684 shares of the oil and gas producer’s stock valued at $99,000 after purchasing an additional 1,686 shares during the period. Private Advisor Group LLC boosted its stake in shares of EQT by 14.0% in the third quarter. Private Advisor Group LLC now owns 14,234 shares of the oil and gas producer’s stock valued at $522,000 after purchasing an additional 1,748 shares during the period. International Assets Investment Management LLC purchased a new position in shares of EQT in the third quarter valued at approximately $3,616,000. Hennion & Walsh Asset Management Inc. purchased a new position in EQT in the third quarter worth approximately $229,000. Finally, Allworth Financial LP lifted its stake in EQT by 151.3% in the third quarter. Allworth Financial LP now owns 2,093 shares of the oil and gas producer’s stock worth $77,000 after acquiring an additional 1,260 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Insider Buying and Selling

In related news, Director Thomas F. Karam sold 30,154 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total value of $1,351,803.82. Following the sale, the director now directly owns 201,608 shares in the company, valued at $9,038,086.64. The trade was a 13.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.63% of the company’s stock.

EQT Price Performance

Shares of NYSE EQT opened at $48.70 on Thursday. The firm has a market capitalization of $29.09 billion, a P/E ratio of 121.74, a PEG ratio of 0.64 and a beta of 1.08. EQT Co. has a one year low of $30.02 and a one year high of $56.66. The company’s fifty day moving average is $49.98 and its two-hundred day moving average is $42.18. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70.

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

EQT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a $0.1575 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.63 annualized dividend and a dividend yield of 1.29%. EQT’s dividend payout ratio is presently 157.50%.

Analyst Ratings Changes

A number of research analysts recently issued reports on EQT shares. Wells Fargo & Company lifted their price target on shares of EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Truist Financial lifted their price target on shares of EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. The Goldman Sachs Group reiterated a “reduce” rating on shares of EQT in a research note on Wednesday, February 12th. Piper Sandler lifted their price target on shares of EQT from $34.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Scotiabank downgraded shares of EQT from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $55.00 to $54.00 in a research note on Friday, January 17th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $52.39.

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.