EQT Co. (NYSE:EQT) Holdings Trimmed by Amalgamated Bank

Amalgamated Bank trimmed its holdings in shares of EQT Co. (NYSE:EQT - Free Report) by 9.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 117,034 shares of the oil and gas producer's stock after selling 12,877 shares during the period. Amalgamated Bank's holdings in EQT were worth $4,288,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. HM Payson & Co. purchased a new stake in EQT during the 3rd quarter worth $25,000. Innealta Capital LLC purchased a new stake in EQT during the 2nd quarter worth $28,000. Hexagon Capital Partners LLC boosted its position in EQT by 18,080.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer's stock valued at $33,000 after buying an additional 904 shares during the last quarter. Wolff Wiese Magana LLC boosted its position in EQT by 936.1% in the 2nd quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer's stock valued at $37,000 after buying an additional 908 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in EQT by 149.5% in the 2nd quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer's stock valued at $37,000 after buying an additional 598 shares during the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

EQT Stock Performance

NYSE EQT traded up $0.53 on Friday, hitting $41.22. The stock had a trading volume of 6,873,711 shares, compared to its average volume of 6,132,550. EQT Co. has a one year low of $30.02 and a one year high of $42.44. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. The stock has a market cap of $24.60 billion, a price-to-earnings ratio of 49.07 and a beta of 1.06. The company's 50-day moving average is $35.86 and its two-hundred day moving average is $36.69.

EQT (NYSE:EQT - Get Free Report) last posted its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, topping the consensus estimate of $0.06 by $0.06. The firm had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. EQT's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 EPS. On average, analysts expect that EQT Co. will post 1.34 earnings per share for the current year.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be given a $0.1575 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 annualized dividend and a yield of 1.53%. EQT's dividend payout ratio (DPR) is 75.00%.

Analyst Upgrades and Downgrades

EQT has been the subject of a number of analyst reports. Scotiabank upped their price objective on shares of EQT from $54.00 to $55.00 and gave the company a "sector outperform" rating in a research report on Friday, July 12th. UBS Group upped their price objective on shares of EQT from $40.00 to $42.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. Wolfe Research began coverage on shares of EQT in a research note on Thursday, July 18th. They issued an "outperform" rating and a $51.00 target price on the stock. Wells Fargo & Company upgraded shares of EQT from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $40.00 to $42.00 in a research note on Wednesday, August 14th. Finally, Piper Sandler upped their target price on shares of EQT from $32.00 to $34.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $42.83.

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.