Moody National Bank Trust Division Acquires 3,344 Shares of EQT Co. (NYSE:EQT)

Moody National Bank Trust Division raised its holdings in EQT Co. (NYSE:EQT – Get Rating) by 10.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,669 shares of the oil and gas producer’s stock after purchasing an additional 3,344 shares during the period. Moody National Bank Trust Division’s holdings in EQT were worth $1,207,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of EQT. Carret Asset Management LLC grew its stake in EQT by 8.1% in the 4th quarter. Carret Asset Management LLC now owns 42,720 shares of the oil and gas producer’s stock valued at $1,445,000 after buying an additional 3,200 shares in the last quarter. Coldstream Capital Management Inc. bought a new position in shares of EQT in the fourth quarter worth $418,000. New England Research & Management Inc. grew its position in shares of EQT by 380.2% in the fourth quarter. New England Research & Management Inc. now owns 56,300 shares of the oil and gas producer’s stock valued at $1,905,000 after purchasing an additional 44,575 shares in the last quarter. Yousif Capital Management LLC raised its stake in shares of EQT by 85.5% during the 4th quarter. Yousif Capital Management LLC now owns 105,334 shares of the oil and gas producer’s stock valued at $3,563,000 after purchasing an additional 48,548 shares during the period. Finally, Symmetry Partners LLC raised its stake in shares of EQT by 89.4% during the 4th quarter. Symmetry Partners LLC now owns 9,496 shares of the oil and gas producer’s stock valued at $321,000 after purchasing an additional 4,483 shares during the period. Institutional investors own 97.60% of the company’s stock.

EQT Price Performance

Shares of EQT stock opened at $29.37 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.08 and a current ratio of 1.08. EQT Co. has a 52-week low of $26.67 and a 52-week high of $51.97. The company has a fifty day moving average of $32.35 and a 200-day moving average of $38.00. The stock has a market capitalization of $10.58 billion, a price-to-earnings ratio of 7.15 and a beta of 1.18.

EQT (NYSE:EQT – Get Rating) last posted its quarterly earnings results on Wednesday, February 15th. The oil and gas producer reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.10). The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the company earned $0.41 earnings per share. The firm’s revenue was down 6.6% compared to the same quarter last year. Equities research analysts expect that EQT Co. will post 4.21 EPS for the current year.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Tuesday, February 21st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.04%. The ex-dividend date was Friday, February 17th. EQT’s dividend payout ratio is presently 14.60%.

Analysts Set New Price Targets

EQT has been the subject of a number of recent analyst reports. Mizuho reduced their target price on EQT from $62.00 to $48.00 in a report on Friday, March 10th. The Goldman Sachs Group lowered their target price on shares of EQT from $49.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, January 25th. Wolfe Research raised shares of EQT from a “peer perform” rating to an “outperform” rating and set a $59.00 price target for the company in a report on Wednesday, December 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $50.00 price target on shares of EQT in a report on Tuesday, March 7th. Finally, Truist Financial dropped their price objective on EQT from $46.00 to $43.00 in a research note on Monday, January 23rd. Four analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $52.59.

EQT Profile

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EQT Corp. is a natural gas production company, which engages in the supply, transmission, and distribution of natural gas. The company was founded in 1888 and is headquartered in Pittsburgh, PA.