Bill Few Associates Inc. Takes $247,000 Position in EQT Co. (NYSE:EQT)

Bill Few Associates Inc. bought a new position in EQT Co. (NYSE:EQT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 5,363 shares of the oil and gas producer’s stock, valued at approximately $247,000.

A number of other institutional investors have also added to or reduced their stakes in EQT. MassMutual Private Wealth & Trust FSB raised its holdings in EQT by 15.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer’s stock worth $79,000 after purchasing an additional 236 shares in the last quarter. Radnor Capital Management LLC increased its position in shares of EQT by 0.4% during 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 buying an additional 237 shares during the period. Davis Investment Partners LLC raised its stake in EQT by 1.0% in the third quarter. Davis Investment Partners LLC now owns 30,908 shares of the oil and gas producer’s stock worth $1,137,000 after buying an additional 317 shares in the last quarter. J.W. Cole Advisors Inc. lifted its holdings in EQT by 7.4% in the third quarter. J.W. Cole Advisors Inc. now owns 6,121 shares of the oil and gas producer’s stock worth $224,000 after buying an additional 421 shares during the period. Finally, Financial Avengers Inc. boosted its position in EQT by 100.8% during the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock valued at $37,000 after acquiring an additional 504 shares in the last quarter. Institutional investors own 90.81% of the company’s stock.

EQT Stock Performance

EQT stock opened at $53.39 on Thursday. The company has a market cap of $31.86 billion, a P/E ratio of 63.57 and a beta of 1.12. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. EQT Co. has a 1 year low of $30.02 and a 1 year high of $54.85. The stock’s fifty day moving average price is $46.40 and its 200-day moving average price is $39.13.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, beating the consensus estimate of $0.06 by $0.06. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 EPS. On average, equities analysts forecast that EQT Co. will post 1.42 earnings per share for the current year.

Insider Activity

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the sale, the director now owns 201,608 shares in the company, valued at approximately $9,038,086.64. This trade represents a 13.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.63% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on EQT shares. Jefferies Financial Group lifted their price target on EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. BMO Capital Markets increased their price target on shares of EQT from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Truist Financial raised their target price on shares of EQT from $41.00 to $56.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Sanford C. Bernstein raised EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price target on the stock in a research report on Wednesday, January 15th. Finally, StockNews.com raised EQT to a “sell” rating in a research report on Monday, December 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.89.

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.