EQT Co. (NYSE:EQT) Holdings Trimmed by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA lowered its position in shares of EQT Co. (NYSE:EQT - Free Report) by 94.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,666 shares of the oil and gas producer's stock after selling 62,644 shares during the period. Union Bancaire Privee UBP SA's holdings in EQT were worth $179,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust grew its holdings in shares of EQT by 22.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock worth $48,000 after buying an additional 193 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in EQT by 26.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock valued at $45,000 after buying an additional 205 shares in the last quarter. Generali Investments Management Co LLC lifted its stake in EQT by 14.1% in the 1st quarter. Generali Investments Management Co LLC now owns 1,711 shares of the oil and gas producer's stock valued at $91,000 after buying an additional 211 shares in the last quarter. Huntington National Bank lifted its stake 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 buying an additional 224 shares in the last quarter. Finally, Twin Capital Management Inc. raised its holdings in EQT by 1.1% in the 4th quarter. Twin Capital Management Inc. now owns 26,007 shares of the oil and gas producer's stock valued at $1,199,000 after acquiring an additional 278 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.

EQT Stock Performance

Shares of NYSE:EQT traded up $1.30 during trading hours on Friday, hitting $56.82. The stock had a trading volume of 7,731,773 shares, compared to its average volume of 7,905,891. The stock's fifty day simple moving average is $53.14 and its 200 day simple moving average is $50.63. EQT Co. has a 1-year low of $30.02 and a 1-year high of $57.37. The firm has a market capitalization of $34.02 billion, a price-to-earnings ratio of 142.06, a PEG ratio of 0.64 and a beta of 0.65. 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 (NYSE:EQT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.20. EQT had a net margin of 4.37% and a return on equity of 4.35%. The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. Sell-side analysts anticipate that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th were given a $0.1575 dividend. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $0.63 annualized dividend and a yield of 1.11%. EQT's dividend payout ratio (DPR) is 110.53%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Mizuho boosted their price target on EQT from $57.00 to $60.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Wells Fargo & Company upped their price target on shares of EQT from $53.00 to $58.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. UBS Group raised shares of EQT from a "neutral" rating to a "buy" rating and upped their price objective for the company from $54.00 to $64.00 in a research report on Monday, May 5th. TD Cowen raised shares of EQT from a "hold" rating to a "buy" rating and set a $54.00 price objective for the company in a research report on Tuesday, April 8th. Finally, Piper Sandler increased their price target on shares of EQT from $35.00 to $48.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, EQT has a consensus rating of "Moderate Buy" and a consensus price target of $57.11.

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.