Legacy Capital Wealth Partners LLC Buys Shares of 4,616 EQT Co. (NYSE:EQT)

Legacy Capital Wealth Partners LLC bought a new stake in shares of EQT Co. (NYSE:EQT) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,616 shares of the oil and gas producer’s stock, valued at approximately $213,000.

Other large investors have also recently bought and sold shares of the company. HM Payson & Co. acquired a new position in EQT during the 3rd quarter valued at about $25,000. Truvestments Capital LLC bought a new position in shares of EQT during the 3rd quarter valued at about $30,000. Quarry LP boosted its position in shares of EQT by 184.7% during the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 578 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of EQT during the 3rd quarter valued at about $36,000. Finally, Financial Avengers Inc. boosted its position in shares of 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 purchasing an additional 504 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Stock Performance

Shares of EQT stock opened at $53.49 on Tuesday. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $54.85. The stock’s 50-day moving average is $48.85 and its two-hundred day moving average is $41.12. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a market cap of $31.91 billion, a P/E ratio of 63.67, a PEG ratio of 0.62 and a beta of 1.08.

EQT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Tuesday, February 18th. EQT’s dividend payout ratio (DPR) is presently 75.00%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EQT. Citigroup raised their price objective on shares of EQT from $44.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, December 6th. UBS Group raised their price objective on shares of EQT from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Bank of America began coverage on shares of EQT in a research report on Monday, October 28th. They set a “buy” rating and a $50.00 price objective for the company. Wells Fargo & Company raised their target price on shares of EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Finally, Sanford C. Bernstein upgraded shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 target price for the company in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $51.89.

Insider Transactions at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the completion of the sale, the director now directly owns 201,608 shares of the company’s stock, valued at $9,038,086.64. This trade represents a 13.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.63% of the company’s stock.

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.