Commerce Bank Decreases Position in EQT Co. (NYSE:EQT)

Commerce Bank decreased its stake in EQT Co. (NYSE:EQT) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 40,731 shares of the oil and gas producer’s stock after selling 1,600 shares during the quarter. Commerce Bank’s holdings in EQT were worth $1,878,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Parkside Financial Bank & Trust lifted its holdings in shares of EQT by 22.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock worth $48,000 after acquiring an additional 193 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of EQT by 26.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock worth $45,000 after buying an additional 205 shares during the period. Wilmington Savings Fund Society FSB boosted its holdings in EQT by 4.9% during 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 acquiring an additional 223 shares during the period. Huntington National Bank grew its position in EQT by 7.4% in the 4th quarter. Huntington National Bank now owns 3,265 shares of the oil and gas producer’s stock valued at $151,000 after acquiring an additional 224 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of EQT by 15.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer’s stock worth $79,000 after purchasing an additional 236 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

EQT Stock Down 6.6 %

Shares of EQT stock opened at $47.60 on Tuesday. 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 Co. has a fifty-two week low of $30.02 and a fifty-two week high of $56.66. The firm has a market capitalization of $28.44 billion, a PE ratio of 119.00, a P/E/G ratio of 0.64 and a beta of 1.35. The stock’s 50-day simple moving average is $50.65 and its 200-day simple moving average is $46.82.

EQT (NYSE:EQT) last announced its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.50 by $0.19. EQT had a net margin of 4.37% and a return on equity of 4.35%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Equities analysts expect that EQT Co. will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th will be paid a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.32%. EQT’s payout ratio is 157.50%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EQT shares. Piper Sandler lifted their price objective on shares of EQT from $35.00 to $36.00 and gave the company a “neutral” rating in a report on Thursday, March 6th. Mizuho increased their price objective on EQT from $57.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 1st. StockNews.com cut EQT from a “hold” rating to a “sell” rating in a report on Monday, April 7th. Stephens decreased their price objective on EQT from $59.00 to $57.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Finally, Truist Financial raised their target price on shares of EQT from $41.00 to $56.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $55.56.

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.