EQT Co. (NYSE:EQT) Shares Acquired by Amalgamated Bank

Amalgamated Bank raised its stake in shares of EQT Co. (NYSE:EQT) by 5.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,208 shares of the oil and gas producer’s stock after purchasing an additional 5,803 shares during the quarter. Amalgamated Bank’s holdings in EQT were worth $4,609,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in EQT. BKM Wealth Management LLC acquired a new position in EQT in the 4th quarter worth approximately $40,000. Allworth Financial LP increased its stake in shares of EQT by 26.9% in the third quarter. Allworth Financial LP now owns 1,332 shares of the oil and gas producer’s stock worth $54,000 after acquiring an additional 282 shares during the period. First Command Advisory Services Inc. purchased a new position in shares of EQT during the third quarter worth $54,000. Massmutual Trust Co. FSB ADV lifted its position in EQT by 52.6% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,563 shares of the oil and gas producer’s stock valued at $60,000 after purchasing an additional 539 shares during the period. Finally, CX Institutional purchased a new stake in EQT in the fourth quarter valued at $64,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

EQT Stock Performance

NYSE EQT opened at $40.50 on Wednesday. The business’s 50-day moving average price is $36.98 and its 200 day moving average price is $37.75. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.32. The firm has a market cap of $17.88 billion, a P/E ratio of 29.35 and a beta of 1.09. EQT Co. has a 52-week low of $31.58 and a 52-week high of $45.23.

EQT (NYSE:EQT) last announced its earnings results on Tuesday, April 23rd. The oil and gas producer reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.17. EQT had a return on equity of 4.57% and a net margin of 10.96%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the business posted $1.70 EPS. The company’s revenue was down 28.8% on a year-over-year basis. On average, equities research analysts expect that EQT Co. will post 1.14 earnings per share for the current year.

EQT Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Tuesday, May 7th. EQT’s payout ratio is 45.65%.

Wall Street Analyst Weigh In

EQT has been the subject of several analyst reports. Jefferies Financial Group boosted their price objective on EQT from $42.00 to $43.00 and gave the company a “buy” rating in a report on Friday, April 5th. Sanford C. Bernstein raised shares of EQT from an “underperform” rating to a “market perform” rating and raised their price objective for the stock from $27.00 to $34.00 in a research note on Wednesday, April 10th. The Goldman Sachs Group lowered their target price on shares of EQT from $48.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, April 2nd. StockNews.com upgraded EQT to a “sell” rating in a research note on Tuesday, March 12th. Finally, Morgan Stanley increased their target price on EQT from $37.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $44.56.

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.