Waldron Private Wealth LLC lifted its holdings in shares of EQT Co. (NYSE:EQT – Free Report) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,323 shares of the oil and gas producer’s stock after purchasing an additional 251 shares during the quarter. Waldron Private Wealth LLC’s holdings in EQT were worth $1,721,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the business. HM Payson & Co. bought a new stake in shares of EQT during the third quarter worth $25,000. Truvestments Capital LLC bought a new position in EQT during the 3rd quarter worth about $30,000. Quarry LP increased its holdings in EQT by 184.7% during the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 578 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in shares of EQT by 18,080.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 904 shares during the period. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of EQT in the third quarter valued at about $36,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on EQT shares. Truist Financial raised their price target on shares of EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Sanford C. Bernstein upgraded shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price target on the stock in a research note on Wednesday, January 15th. StockNews.com upgraded shares of EQT to a “sell” rating in a research note on Friday. Citigroup raised their price objective on EQT from $44.00 to $51.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. upped their target price on EQT from $50.00 to $53.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, EQT has an average rating of “Moderate Buy” and a consensus price target of $49.94.
EQT Stock Performance
Shares of EQT stock opened at $51.03 on Friday. EQT Co. has a 52 week low of $30.02 and a 52 week high of $54.85. The company has a market capitalization of $30.45 billion, a price-to-earnings ratio of 60.75, a PEG ratio of 0.58 and a beta of 1.12. The company has a 50-day simple moving average of $47.21 and a 200 day simple moving average of $39.72. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51.
EQT (NYSE:EQT – Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. The business’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 earnings per share. On average, sell-side analysts predict that EQT Co. will post 1.4 earnings per share for the current year.
Insider Buying and Selling
In other EQT news, Director Thomas F. Karam sold 30,154 shares of EQT stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total value of $1,351,803.82. Following the completion of the sale, the director now owns 201,608 shares in the company, valued at $9,038,086.64. The trade was a 13.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.63% of the stock is currently owned by insiders.
About EQT
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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