Invesco Ltd. has reduced its stake in EQT Corporation (NYSE:EQT) by 10.3%, selling 1,352,115 shares, and now holds about 1.97% of the company valued at $630 million. EQT's latest quarterly earnings reported an Earnings Per Share (EPS) of $0.45, missing expectations by $0.07, with revenue of $1.60 billion compared to forecasts of $1.78 billion. The company has declared a quarterly dividend of $0.1575 per share, with a payout ratio of 34.05% and a dividend yield of 1.2% for investors. A number of other institutional investors and hedge funds have also modified their holdings of EQT. Slate Path Capital LP bought a new stake in shares of EQT during the fourth quarter valued at approximately $123,575,000. Castle Hook Partners LP increased its position in shares of EQT by 199.5% during the fourth quarter, now owning 3,990,714 shares valued at $184,012,000 after purchasing an additional 2,658,375 shares. Capital International Investors increased its position by 21.3%, now owning 13,855,244 shares valued at $638,867,000. Vanguard Group Inc. increased its position by 2.1%, now owning 74,039,340 shares valued at $3,955,922,000. Encompass Capital Advisors LLC bought a new stake during the fourth quarter valued at approximately $59,627,000. 90.81% of the stock is currently owned by institutional investors. EQT opened at $51.29 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.71, and a current ratio of 0.71. It has a market cap of $32.01 billion, a P/E ratio of 27.72, a P/E/G ratio of 0.36, and a beta of 0.59. The business's fifty-day moving average is $55.70 and its two-hundred-day moving average is $53.13. EQT has a 52-week low of $30.59 and a 52-week high of $61.02. EQT last issued its quarterly earnings on July 22nd, reporting $0.45 EPS, missing the consensus estimate of $0.52 by $0.07. The firm had a net margin of 15.87% and a return on equity of 6.24%, with revenue of $1.60 billion, compared to analyst estimates of $1.78 billion. During the same period last year, the company earned ($0.08) EPS. Equities research analysts forecast that EQT Corporation will post 3.27 earnings per share for the current fiscal year. The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 6th will be paid a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, August 6th. EQT's dividend payout ratio is 34.05%. Insider transactions include EVP Sarah Fenton selling 12,438 shares at an average price of $51.94, valued at $646,029.72, reducing her ownership to 13,297 shares, a 48.33% decrease. Director Vicky A. Bailey sold 4,259 shares at an average price of $51.56, valued at $219,594.04. Corporate insiders own 0.65% of the company's stock. Analysts have set new price targets: Wells Fargo & Company boosted their price objective from $59.00 to $63.00 and gave the company an 'overweight' rating; UBS Group reaffirmed a 'buy' rating; Barclays boosted their price target from $65.00 to $68.00 and gave an 'overweight' rating; Piper Sandler boosted their price target from $48.00 to $49.00 and gave a 'neutral' rating; Stephens decreased their price target from $59.00 to $57.00 and set an 'overweight' rating. Two analysts have a sell rating, four have a hold rating, and fourteen have a buy rating. According to MarketBeat, EQT has an average rating of 'Moderate Buy' and a consensus price target of $60.84. EQT Corporation operates as a natural gas production company in the United States, selling natural gas and natural gas liquids to marketers, utilities, and industrial customers through pipelines in the Appalachian Basin, and offering marketing services and contractual pipeline capacity management services.

Invesco Ltd. Sells 1,352,115 Shares of EQT Corporation (NYSE:EQT)

Invesco Ltd. reduced its stake in EQT Corporation by 10.3%, selling 1,352,115 shares and now holding approximately 1.97% of the company, valued at $630 million. EQT reported quarterly earnings of $0.45 EPS, missing forecasts of $0.52, with revenue of $1.60 billion versus $1.78 billion expected. The company declared a quarterly dividend of $0.1575 per share, with a payout ratio of 34.05% and a dividend yield of 1.2%. Several institutional investors adjusted their positions during the fourth quarter, including Slate Path Capital LP, Castle Hook Partners LP, Capital International Investors, Vanguard Group Inc., and Encompass Capital Advisors LLC. EQT operates as a natural gas production company in the United States, primarily in the Appalachian Basin, and has a market capitalization of $32.01 billion. Analysts have revised price targets, with Wells Fargo, Barclays, and Stephens increasing their forecasts, while Piper Sandler and Stephens adjusted ratings. Corporate insiders including EVP Sarah Fenton and Director Vicky A. Bailey sold shares, reducing their ownership. The company's financial metrics include a debt-to-equity ratio of 0.32, a net margin of 15.87%, and a return on equity of 6.24%.