EQT Co. (NYSE:EQT) Shares Bought by Stonegate Investment Group LLC

Stonegate Investment Group LLC grew its stake in EQT Co. (NYSE:EQT) by 27.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,477 shares of the oil and gas producer’s stock after purchasing an additional 2,471 shares during the period. Stonegate Investment Group LLC’s holdings in EQT were worth $529,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of EQT. Wellington Management Group LLP grew its stake in shares of EQT by 38.7% during the 3rd quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer’s stock worth $2,716,968,000 after purchasing an additional 20,700,921 shares during the period. State Street Corp boosted its holdings in EQT by 24.5% during the third quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer’s stock worth $1,359,183,000 after buying an additional 7,290,822 shares in the last quarter. Modera Wealth Management LLC acquired a new stake in EQT during the third quarter valued at $562,494,000. Geode Capital Management LLC increased its holdings in EQT by 34.4% in the third quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer’s stock valued at $511,159,000 after buying an additional 3,582,418 shares in the last quarter. Finally, Clearbridge Investments LLC raised its position in shares of EQT by 2.9% in the second quarter. Clearbridge Investments LLC now owns 9,084,686 shares of the oil and gas producer’s stock worth $335,952,000 after acquiring an additional 253,186 shares during the period. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Insider Buying and Selling at EQT

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total value of $1,351,803.82. Following the sale, the director now owns 201,608 shares of the company’s stock, valued at $9,038,086.64. The trade was a 13.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.63% of the stock is currently owned by corporate insiders.

EQT Trading Up 3.0 %

Shares of EQT stock opened at $49.92 on Wednesday. The stock has a 50 day moving average of $46.92 and a 200 day moving average of $39.47. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a market capitalization of $29.79 billion, a price-to-earnings ratio of 59.43 and a beta of 1.12. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $54.85.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. The business 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 company’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.30 EPS. As a group, research analysts predict that EQT Co. will post 1.42 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Scotiabank cut EQT from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $55.00 to $54.00 in a research report on Friday, January 17th. Jefferies Financial Group boosted their price objective on EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Morgan Stanley increased their target price on EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Piper Sandler lifted their price target on shares of EQT from $32.00 to $34.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, Truist Financial increased their target price on EQT from $41.00 to $56.00 and gave the company a “hold” rating in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, EQT has a consensus rating of “Moderate Buy” and a consensus target price of $49.89.

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.