Amalgamated Bank Decreases Stock Holdings in EQT Co. (NYSE:EQT)

Amalgamated Bank reduced its stake in shares of EQT Co. (NYSE:EQT) by 1.8% in the fourth quarter, Holdings Channel reports. The fund owned 114,909 shares of the oil and gas producer’s stock after selling 2,125 shares during the quarter. Amalgamated Bank’s holdings in EQT were worth $5,298,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of EQT. Wilmington Savings Fund Society FSB lifted its holdings in shares of EQT by 4.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer’s stock valued at $218,000 after purchasing an additional 223 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in EQT by 15.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer’s stock worth $79,000 after buying an additional 236 shares in the last quarter. Radnor Capital Management LLC grew its stake in EQT by 0.4% during the fourth quarter. Radnor Capital Management LLC now owns 60,948 shares of the oil and gas producer’s stock valued at $2,810,000 after acquiring an additional 237 shares in the last quarter. Waldron Private Wealth LLC lifted its stake in EQT by 0.7% in the 4th quarter. Waldron Private Wealth LLC now owns 37,323 shares of the oil and gas producer’s stock worth $1,721,000 after purchasing an additional 251 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in EQT by 33.1% during the fourth quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer’s stock valued at $55,000 after buying an additional 298 shares during the last quarter. 90.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EQT. Scotiabank downgraded shares of EQT from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the stock from $55.00 to $54.00 in a report on Friday, January 17th. Citigroup raised their price target on shares of EQT from $44.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Truist Financial lifted their target price on EQT from $41.00 to $56.00 and gave the company a “hold” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. increased their price objective on shares of EQT from $53.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Finally, The Goldman Sachs Group reiterated a “reduce” rating on shares of EQT in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $52.39.

EQT Price Performance

Shares of NYSE:EQT opened at $46.47 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. EQT Co. has a 52 week low of $30.02 and a 52 week high of $56.66. The company has a market cap of $27.76 billion, a P/E ratio of 116.17, a PEG ratio of 0.64 and a beta of 1.08. The company has a 50-day moving average price of $50.06 and a 200 day moving average price of $42.21.

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

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be issued a $0.1575 dividend. 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 1.36%. EQT’s dividend payout ratio (DPR) is presently 157.50%.

Insider Buying and Selling at EQT

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the company’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 completion of the transaction, the director now directly owns 201,608 shares of the company’s stock, valued at $9,038,086.64. This represents a 13.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.63% of the stock is owned by company insiders.

About EQT

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.