Colonial Trust Co SC Grows Stock Holdings in EQT Co. (NYSE:EQT)

by · The Cerbat Gem

Colonial Trust Co SC raised its stake in EQT Co. (NYSE:EQT – Free Report) by 255.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,422 shares of the oil and gas producer’s stock after buying an additional 1,022 shares during the period. Colonial Trust Co SC’s holdings in EQT were worth $66,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Parkside Financial Bank & Trust raised its holdings in 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 purchasing an additional 193 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock worth $45,000 after buying an additional 205 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its position in shares of EQT by 4.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer’s stock worth $218,000 after buying an additional 223 shares in the last quarter. Huntington National Bank grew 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 acquiring an additional 224 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in 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 in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

EQT Price Performance

Shares of EQT stock opened at $55.28 on Friday. The business’s fifty day moving average price is $50.81 and its 200 day moving average price is $48.10. EQT Co. has a twelve month low of $30.02 and a twelve month high of $56.66. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $33.09 billion, a P/E ratio of 138.20, a PEG ratio of 0.64 and a beta of 0.59.

EQT (NYSE:EQT – Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.20. The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. As a group, research analysts anticipate that EQT Co. will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th will be given a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Wednesday, May 7th. EQT’s payout ratio is currently 110.53%.

Wall Street Analyst Weigh In

EQT has been the topic of several research reports. Scotiabank lowered shares of EQT from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $55.00 to $54.00 in a research report on Friday, January 17th. Stephens lowered their target price on EQT from $59.00 to $57.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Morgan Stanley upped their price objective on EQT from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, April 24th. TD Cowen upgraded 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, Wells Fargo & Company upped their target price on shares of EQT from $53.00 to $58.00 and gave the company an “overweight” rating in a report on Wednesday, March 19th. Two investment 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. According to MarketBeat, EQT presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.94.

Get Our Latest Research Report on EQT

EQT Profile

(Free Report)

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.

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