EQT Co. (NYSE:EQT) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lowered its stake in shares of EQT Co. (NYSE:EQT) by 29.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,547 shares of the oil and gas producer’s stock after selling 632 shares during the period. Federated Hermes Inc.’s holdings in EQT were worth $60,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EQT. BKM Wealth Management LLC purchased a new stake in EQT in the fourth quarter valued at $40,000. Allworth Financial LP raised its position in EQT by 26.9% in the third quarter. Allworth Financial LP now owns 1,332 shares of the oil and gas producer’s stock valued at $54,000 after purchasing an additional 282 shares during the period. First Command Advisory Services Inc. purchased a new stake in EQT in the third quarter valued at $54,000. Massmutual Trust Co. FSB ADV raised its position in EQT by 52.6% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,563 shares of the oil and gas producer’s stock valued at $60,000 after purchasing an additional 539 shares during the period. Finally, CX Institutional purchased a new stake in EQT in the fourth quarter valued at $64,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

Analyst Ratings Changes

EQT has been the topic of several research analyst reports. Mizuho boosted their price objective on EQT from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, April 26th. Morgan Stanley boosted their price objective on EQT from $37.00 to $49.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. Sanford C. Bernstein upgraded EQT from an “underperform” rating to a “market perform” rating and boosted their price objective for the company from $27.00 to $34.00 in a report on Wednesday, April 10th. TD Cowen initiated coverage on EQT in a report on Friday, April 19th. They issued a “hold” rating and a $43.00 price objective on the stock. Finally, The Goldman Sachs Group cut their price objective on EQT from $48.00 to $43.00 and set a “buy” rating on the stock in a report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $44.56.

EQT Trading Up 1.9 %

NYSE:EQT opened at $41.04 on Tuesday. The stock has a 50-day simple moving average of $36.90 and a 200-day simple moving average of $37.76. The stock has a market cap of $18.12 billion, a P/E ratio of 29.74 and a beta of 1.09. EQT Co. has a 1 year low of $31.58 and a 1 year high of $45.23. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.88.

EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, April 23rd. The oil and gas producer reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.17. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.58 billion. EQT had a return on equity of 4.57% and a net margin of 10.96%. The business’s quarterly revenue was down 28.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.70 EPS. As a group, analysts anticipate that EQT Co. will post 1.14 earnings per share for the current fiscal year.

EQT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 8th will be given a dividend of $0.1575 per share. The ex-dividend date is Tuesday, May 7th. This represents a $0.63 annualized dividend and a dividend yield of 1.54%. EQT’s dividend payout ratio is currently 45.65%.

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.