Segment Wealth Management LLC Makes New Investment in EQT Co. (NYSE:EQT)

Segment Wealth Management LLC bought a new position in shares of EQT Co. (NYSE:EQT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 37,627 shares of the oil and gas producer’s stock, valued at approximately $1,735,000.

A number of other institutional investors also recently added to or reduced their stakes in EQT. Envestnet Asset Management Inc. increased its position in EQT by 2.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 230,697 shares of the oil and gas producer’s stock valued at $8,531,000 after buying an additional 6,427 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of EQT by 25.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 12,046 shares of the oil and gas producer’s stock valued at $478,000 after buying an additional 2,463 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in shares of EQT by 14.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 38,782 shares of the oil and gas producer’s stock worth $1,430,000 after purchasing an additional 4,943 shares during the period. Public Employees Retirement Association of Colorado grew its position in EQT by 19.6% during the second quarter. Public Employees Retirement Association of Colorado now owns 43,636 shares of the oil and gas producer’s stock valued at $1,614,000 after buying an additional 7,139 shares during the period. Finally, AE Wealth Management LLC purchased a new position in shares of EQT in the 2nd quarter valued at about $230,000. Institutional investors own 90.81% of the company’s stock.

Insider Buying and Selling at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of the company’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 transaction 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. This represents a 13.01 % decrease in their ownership of the stock. The transaction 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 company insiders.

EQT Stock Performance

Shares of EQT stock opened at $52.93 on Tuesday. The firm has a market capitalization of $31.58 billion, a P/E ratio of 63.02 and a beta of 1.12. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. EQT Co. has a 52 week low of $30.02 and a 52 week high of $53.98. The firm’s 50 day moving average is $45.83 and its two-hundred day moving average is $38.79.

EQT (NYSE:EQT) last posted its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. The business had revenue of $1.28 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 earnings per share. Research analysts forecast that EQT Co. will post 1.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EQT. Stephens upped their price target on shares of EQT from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $49.00 price objective on shares of EQT in a report on Monday, January 6th. StockNews.com upgraded EQT to a “sell” rating in a report on Monday, December 30th. JPMorgan Chase & Co. boosted their price objective on EQT from $50.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Finally, Mizuho upgraded EQT from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $48.00 to $57.00 in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, EQT presently has a consensus rating of “Moderate Buy” and a consensus price target 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.