EQT Co. (NYSE:EQT) Stock Holdings Decreased by Steph & Co.

Steph & Co. lowered its stake in EQT Co. (NYSE:EQT) by 6.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,780 shares of the oil and gas producer’s stock after selling 321 shares during the period. Steph & Co.’s holdings in EQT were worth $185,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of EQT. Laurel Wealth Advisors LLC bought a new stake in shares of EQT during the 2nd quarter valued at about $33,000. BKM Wealth Management LLC bought a new stake in shares of EQT during the 4th quarter valued at about $40,000. Belpointe Asset Management LLC grew its position in shares of EQT by 270.0% during the 1st quarter. Belpointe Asset Management LLC now owns 1,258 shares of the oil and gas producer’s stock valued at $40,000 after buying an additional 918 shares during the last quarter. Tyler Stone Wealth Management bought a new stake in shares of EQT during the 2nd quarter valued at about $40,000. Finally, Clearstead Advisors LLC bought a new stake in shares of EQT during the 3rd quarter valued at about $41,000. Institutional investors own 90.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EQT. The Goldman Sachs Group lowered their price objective on shares of EQT from $48.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, April 2nd. Wells Fargo & Company cut shares of EQT from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $48.00 to $37.00 in a research report on Wednesday. Piper Sandler upped their target price on shares of EQT from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, March 7th. Truist Financial decreased their target price on shares of EQT from $37.00 to $35.00 and set a “hold” rating for the company in a research report on Friday, April 5th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $37.00 target price (down previously from $39.00) on shares of EQT in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $43.13.

EQT Price Performance

EQT stock traded down $0.16 on Wednesday, hitting $36.04. 5,246,030 shares of the company’s stock traded hands, compared to its average volume of 6,433,541. EQT Co. has a 1-year low of $30.84 and a 1-year high of $45.23. The stock has a market cap of $15.87 billion, a price-to-earnings ratio of 8.54 and a beta of 1.12. The stock has a fifty day moving average of $35.81 and a 200-day moving average of $38.11. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.37.

EQT (NYSE:EQT) last released its earnings results on Tuesday, February 13th. The oil and gas producer reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. EQT had a net margin of 25.12% and a return on equity of 7.12%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period in the prior year, the business earned $0.42 earnings per share. The business’s quarterly revenue was up 17.6% on a year-over-year basis. On average, analysts forecast that EQT Co. will post 1.31 EPS for the current fiscal year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 8th will be paid a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.75%. EQT’s dividend payout ratio is presently 14.82%.

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.