Lake Street Advisors Group LLC Takes $214,000 Position in EQT Co. (NYSE:EQT)

Lake Street Advisors Group LLC acquired a new stake in EQT Co. (NYSE:EQT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,634 shares of the oil and gas producer’s stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wilmington Savings Fund Society FSB boosted its stake in shares of EQT by 4.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer’s stock valued at $218,000 after purchasing an additional 223 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of EQT by 15.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer’s stock valued at $79,000 after purchasing an additional 236 shares during the period. Radnor Capital Management LLC boosted its stake in shares of EQT by 0.4% in the fourth quarter. Radnor Capital Management LLC now owns 60,948 shares of the oil and gas producer’s stock valued at $2,810,000 after purchasing an additional 237 shares during the period. Waldron Private Wealth LLC boosted its stake in shares of EQT by 0.7% in the fourth quarter. Waldron Private Wealth LLC now owns 37,323 shares of the oil and gas producer’s stock valued at $1,721,000 after purchasing an additional 251 shares during the period. Finally, First Horizon Advisors Inc. lifted its stake in EQT by 33.1% in the fourth quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer’s stock worth $55,000 after acquiring an additional 298 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

EQT Stock Performance

Shares of EQT stock opened at $48.25 on Friday. The firm’s fifty day simple moving average is $50.16 and its 200-day simple moving average is $42.32. The stock has a market capitalization of $28.82 billion, a price-to-earnings ratio of 120.62, a PEG ratio of 0.64 and a beta of 1.08. EQT Co. has a 12 month low of $30.02 and a 12 month high of $56.66. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51.

EQT (NYSE:EQT) last announced its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.19. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. As a group, equities analysts forecast that EQT Co. will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be issued a $0.1575 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.31%. EQT’s payout ratio is 157.50%.

Wall Street Analysts Forecast Growth

EQT has been the subject of a number of recent research reports. Scotiabank downgraded shares of EQT from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $55.00 to $54.00 in a research note on Friday, January 17th. UBS Group lifted their price target on shares of EQT from $54.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday. StockNews.com upgraded shares of EQT to a “sell” rating in a research note on Saturday, February 8th. JPMorgan Chase & Co. lifted their price target on shares of EQT from $53.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Finally, Jefferies Financial Group lifted their price target on shares of EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $52.39.

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 on 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 transaction, the director now directly owns 201,608 shares of the company’s stock, valued at approximately $9,038,086.64. The trade was a 13.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.63% of the stock is currently owned by corporate insiders.

EQT 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.