Amalgamated Bank Has $4.80 Million Stock Holdings in EQT Co. (NYSE:EQT)

Amalgamated Bank lifted its stake in EQT Co. (NYSE:EQT) by 3.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 129,911 shares of the oil and gas producer’s stock after purchasing an additional 4,696 shares during the quarter. Amalgamated Bank’s holdings in EQT were worth $4,804,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Innealta Capital LLC acquired a new stake in EQT during the 2nd quarter valued at $28,000. Blue Trust Inc. grew its holdings in shares of EQT by 149.5% during the second 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 in the last quarter. Wolff Wiese Magana LLC raised its position in EQT by 936.1% during the second 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 period. Principal Securities Inc. purchased a new stake in EQT in the 4th quarter worth about $51,000. Finally, Industrial Alliance Investment Management Inc. boosted its position in EQT by 65.5% during the 2nd quarter. Industrial Alliance Investment Management Inc. now owns 1,440 shares of the oil and gas producer’s stock worth $53,000 after acquiring an additional 570 shares during the period. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EQT. Stephens reduced their price target on shares of EQT from $47.00 to $46.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. StockNews.com upgraded shares of EQT to a “sell” rating in a research report on Friday, July 26th. Wells Fargo & Company upgraded shares of EQT from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $40.00 to $42.00 in a report on Wednesday, August 14th. Morgan Stanley reiterated an “overweight” rating and set a $45.00 price objective on shares of EQT in a report on Friday, September 13th. Finally, JPMorgan Chase & Co. lowered their target price on EQT from $42.00 to $37.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, EQT presently has an average rating of “Hold” and a consensus target price of $43.28.

EQT Stock Performance

NYSE:EQT opened at $34.83 on Friday. The firm has a market capitalization of $15.38 billion, a PE ratio of 25.24 and a beta of 1.06. EQT Co. has a 1 year low of $30.02 and a 1 year high of $45.23. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.33. The firm’s fifty day simple moving average is $33.28 and its 200 day simple moving average is $36.44.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, July 23rd. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.12. EQT had a return on equity of 4.52% and a net margin of 12.45%. The company had revenue of $952.51 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the business posted ($0.17) earnings per share. The firm’s revenue was down 6.5% compared to the same quarter last year. On average, sell-side analysts anticipate that EQT Co. will post 1.44 EPS for the current year.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were issued a dividend of $0.1575 per share. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.81%. EQT’s dividend payout ratio (DPR) is presently 45.65%.

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.