Chatham Capital Group Inc. Lowers Stock Holdings in EQT Co. (NYSE:EQT)

Chatham Capital Group Inc. lowered its stake in shares of EQT Co. (NYSE:EQT) by 6.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,340 shares of the oil and gas producer’s stock after selling 1,630 shares during the quarter. Chatham Capital Group Inc.’s holdings in EQT were worth $1,168,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust lifted its position in shares of 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 valued at $48,000 after acquiring an additional 193 shares during the period. Wilmington Savings Fund Society FSB lifted its position in shares of EQT by 4.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer’s stock valued at $218,000 after acquiring an additional 223 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of EQT by 15.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer’s stock valued at $79,000 after acquiring an additional 236 shares during the period. Radnor Capital Management LLC lifted its position in shares of EQT by 0.4% during the 4th quarter. Radnor Capital Management LLC now owns 60,948 shares of the oil and gas producer’s stock valued at $2,810,000 after acquiring an additional 237 shares during the period. Finally, Waldron Private Wealth LLC raised its position in shares of EQT by 0.7% during 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 purchasing an additional 251 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Analysts Set New Price Targets

EQT has been the subject of several research reports. Mizuho upgraded EQT from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $48.00 to $57.00 in a research report on Monday, December 16th. Wells Fargo & Company lifted their price objective on EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Jefferies Financial Group lifted their price objective on EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Morgan Stanley lifted their price objective on EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Finally, Citigroup lifted their price objective on EQT from $44.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $52.44.

EQT Stock Down 7.9 %

Shares of NYSE EQT opened at $46.15 on Friday. EQT Co. has a 52-week low of $30.02 and a 52-week high of $56.66. The firm has a fifty day moving average of $50.52 and a 200-day moving average of $42.80. The stock has a market capitalization of $27.57 billion, a PE ratio of 115.37, a P/E/G ratio of 0.64 and a beta of 1.08. 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 (NYSE:EQT) last announced its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.19. EQT had a net margin of 4.37% and a return on equity of 4.35%. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.81 billion. On average, analysts anticipate that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

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

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.