Metis Global Partners LLC Increases Position in EQT Co. (NYSE:EQT)

Metis Global Partners LLC grew its holdings in EQT Co. (NYSE:EQT) by 5.2% during the fourth quarter, HoldingsChannel reports. The firm owned 19,597 shares of the oil and gas producer’s stock after acquiring an additional 964 shares during the period. Metis Global Partners LLC’s holdings in EQT were worth $904,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Parkside Financial Bank & Trust lifted its position in EQT by 22.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock worth $48,000 after buying an additional 193 shares in the last quarter. Wilmington Savings Fund Society FSB grew its holdings in EQT by 4.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer’s stock valued at $218,000 after buying an additional 223 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of 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 acquiring an additional 236 shares during the last quarter. Radnor Capital Management LLC raised its holdings in shares of EQT by 0.4% during the 4th quarter. Radnor Capital Management LLC now owns 60,948 shares of the oil and gas producer’s stock worth $2,810,000 after acquiring an additional 237 shares during the period. Finally, Waldron Private Wealth LLC boosted its position in shares of EQT by 0.7% during the 4th quarter. Waldron Private Wealth LLC now owns 37,323 shares of the oil and gas producer’s stock valued at $1,721,000 after acquiring an additional 251 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

EQT Trading Up 2.7 %

Shares of EQT stock opened at $50.01 on Wednesday. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $56.66. The company has a 50 day moving average price of $50.37 and a 200 day moving average price of $42.72. The stock has a market capitalization of $29.88 billion, a P/E ratio of 125.02, a price-to-earnings-growth ratio of 0.64 and a beta of 1.08. 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 posted its quarterly earnings results 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. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. Equities research analysts predict that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.1575 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 annualized dividend and a yield of 1.26%. EQT’s dividend payout ratio (DPR) is 157.50%.

Analyst Upgrades and Downgrades

EQT has been the subject of several recent analyst reports. Jefferies Financial Group raised their price objective on shares of EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Citigroup lifted their price target on shares of EQT from $44.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, December 6th. The Goldman Sachs Group reiterated a “reduce” rating on shares of EQT in a report on Wednesday, February 12th. Sanford C. Bernstein raised EQT from a “market perform” rating to an “outperform” rating and set a $73.00 target price for the company in a research note on Wednesday, January 15th. Finally, Truist Financial upped their price target on EQT from $41.00 to $56.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average 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.