Chatham Capital Group Inc. Sells 800 Shares of EQT Co. (NYSE:EQT)

Chatham Capital Group Inc. lessened its holdings in EQT Co. (NYSE:EQT) by 3.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,540 shares of the oil and gas producer’s stock after selling 800 shares during the quarter. Chatham Capital Group Inc.’s holdings in EQT were worth $1,311,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of EQT by 44.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,555 shares of the oil and gas producer’s stock worth $2,379,000 after acquiring an additional 16,416 shares during the last quarter. D.A. Davidson & CO. lifted its stake in EQT by 13.4% in the 4th quarter. D.A. Davidson & CO. now owns 6,467 shares of the oil and gas producer’s stock valued at $298,000 after purchasing an additional 762 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in EQT in the fourth quarter valued at approximately $244,000. Nkcfo LLC bought a new stake in shares of EQT during the fourth quarter worth $738,000. Finally, Bradley Foster & Sargent Inc. CT increased its holdings in shares of EQT by 31.9% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 67,004 shares of the oil and gas producer’s stock worth $3,090,000 after buying an additional 16,204 shares in the last quarter. Institutional investors own 90.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on EQT shares. Wells Fargo & Company boosted their price objective on EQT from $53.00 to $58.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 19th. Citigroup boosted their price target on EQT from $51.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, March 17th. Wall Street Zen lowered shares of EQT from a “hold” rating to a “sell” rating in a report on Monday, April 7th. Stephens dropped their price target on shares of EQT from $59.00 to $57.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. Finally, UBS Group upgraded shares of EQT from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $54.00 to $64.00 in a report on Monday, May 5th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, EQT presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.11.

EQT Stock Performance

Shares of EQT stock opened at $55.49 on Thursday. The business’s fifty day simple moving average is $52.50 and its 200 day simple moving average is $50.13. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. EQT Co. has a 12 month low of $30.02 and a 12 month high of $57.37. The firm has a market capitalization of $33.22 billion, a P/E ratio of 138.73, a price-to-earnings-growth ratio of 0.64 and a beta of 0.59.

EQT (NYSE:EQT) last released its quarterly earnings results 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. EQT had a return on equity of 4.35% and a net margin of 4.37%. The firm had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.16 billion. As a group, analysts anticipate that EQT Co. will post 3.27 EPS for the current year.

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th were paid a dividend of $0.1575 per share. The ex-dividend date was Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.14%. EQT’s dividend payout ratio (DPR) is currently 110.53%.

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.