Blue Trust Inc. Lowers Stock Holdings in EQT Co. (NYSE:EQT)

Blue Trust Inc. lowered its stake in EQT Co. (NYSE:EQT) by 42.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,556 shares of the oil and gas producer’s stock after selling 1,128 shares during the period. Blue Trust Inc.’s holdings in EQT were worth $72,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of EQT. Wilmington Savings Fund Society FSB grew its stake in shares of EQT by 4.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer’s stock worth $218,000 after purchasing an additional 223 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in EQT by 15.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer’s stock valued at $79,000 after acquiring an additional 236 shares in the last quarter. Radnor Capital Management LLC boosted its position in 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 valued at $2,810,000 after acquiring an additional 237 shares in the last quarter. Waldron Private Wealth LLC boosted its position in 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 in the last quarter. Finally, Greenleaf Trust boosted its position in shares of EQT by 1.8% in the 4th quarter. Greenleaf Trust now owns 19,477 shares of the oil and gas producer’s stock worth $898,000 after purchasing an additional 349 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Insider Activity

In related news, Director Thomas F. Karam sold 30,154 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on EQT shares. Truist Financial boosted their price target on EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Morgan Stanley boosted their price target on EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. UBS Group boosted their price target on EQT from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Piper Sandler boosted their price target on EQT from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Bank of America started coverage on EQT in a research report on Monday, October 28th. They issued a “buy” rating and a $50.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $52.17.

EQT Stock Down 4.6 %

Shares of NYSE EQT opened at $50.15 on Monday. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The firm has a market cap of $29.96 billion, a price-to-earnings ratio of 125.37, a price-to-earnings-growth ratio of 0.64 and a beta of 1.08. The company’s 50-day simple moving average is $49.67 and its 200-day simple moving average is $41.88. EQT Co. has a 52-week low of $30.02 and a 52-week high of $56.66.

EQT (NYSE:EQT) last posted its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.19. The company 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%. Equities 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 will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Tuesday, February 18th. EQT’s dividend payout ratio (DPR) is 157.50%.

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.