B. Metzler seel. Sohn & Co. AG Boosts Stake in EQT Co. (NYSE:EQT)

B. Metzler seel. Sohn & Co. AG increased its holdings in shares of EQT Co. (NYSE:EQT) by 27.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,446 shares of the oil and gas producer’s stock after purchasing an additional 2,675 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in EQT were worth $574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Quarry LP lifted its stake in EQT by 184.7% during the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 578 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of EQT by 26.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock valued at $45,000 after purchasing an additional 205 shares during the last quarter. Financial Avengers Inc. lifted its position in EQT by 100.8% during the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 504 shares during the period. Parkside Financial Bank & Trust boosted its holdings in EQT by 22.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock worth $48,000 after purchasing an additional 193 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new stake in EQT in the 4th quarter worth approximately $55,000. 90.81% of the stock is owned by hedge funds and other institutional investors.

EQT Trading Down 11.6 %

EQT stock opened at $46.02 on Friday. EQT Co. has a 1 year low of $30.02 and a 1 year high of $56.66. The firm’s 50 day moving average price is $51.25 and its 200-day moving average price is $45.51. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The stock has a market cap of $27.50 billion, a P/E ratio of 115.06, a PEG ratio of 0.64 and a beta of 1.12.

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

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Tuesday, February 18th. EQT’s payout ratio is 157.50%.

Wall Street Analyst Weigh In

EQT has been the topic of several research analyst reports. StockNews.com raised EQT from a “sell” rating to a “hold” rating in a report on Tuesday, March 25th. Piper Sandler increased their target price on EQT from $35.00 to $36.00 and gave the company a “neutral” rating in a report on Thursday, March 6th. Stephens upgraded EQT from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $41.00 to $59.00 in a research note on Tuesday, March 18th. Sanford C. Bernstein upgraded shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price objective on the stock in a research note on Wednesday, January 15th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $67.00 target price (up from $63.00) on shares of EQT in a report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.28.

EQT Company 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.