Metis Global Partners LLC Boosts Stake in EQT Co. (NYSE:EQT)

Metis Global Partners LLC lifted its stake in shares of EQT Co. (NYSE:EQT) by 5.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,597 shares of the oil and gas producer’s stock after buying an additional 964 shares during the period. Metis Global Partners LLC’s holdings in EQT were worth $904,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust lifted its position in EQT by 22.7% during 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 period. Wilmington Savings Fund Society FSB raised 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 lifted its holdings 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 period. Radnor Capital Management LLC boosted its position in EQT by 0.4% in the fourth quarter. Radnor Capital Management LLC now owns 60,948 shares of the oil and gas producer’s stock valued at $2,810,000 after buying an additional 237 shares during the last quarter. Finally, Waldron Private Wealth LLC increased its holdings in EQT by 0.7% in the 4th quarter. Waldron Private Wealth LLC now owns 37,323 shares of the oil and gas producer’s stock worth $1,721,000 after buying an additional 251 shares during the period. 90.81% of the stock is owned by hedge funds and other institutional investors.

EQT Stock Performance

EQT opened at $50.01 on Wednesday. The company has a market cap of $29.88 billion, a price-to-earnings ratio of 125.02, a PEG ratio of 0.64 and a beta of 1.08. The firm’s fifty day simple moving average is $50.37 and its two-hundred day simple moving average is $42.72. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. EQT Co. has a 52-week low of $30.02 and a 52-week high of $56.66.

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

EQT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Tuesday, February 18th. EQT’s payout ratio is 157.50%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. StockNews.com raised shares of EQT to a “sell” rating in a report on Saturday, February 8th. Piper Sandler upped their price target on shares of EQT from $34.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Sanford C. Bernstein raised EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price target on the stock in a research report on Wednesday, January 15th. Scotiabank cut EQT from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the company from $55.00 to $54.00 in a report on Friday, January 17th. Finally, Morgan Stanley raised their target price on EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $52.39.

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.