Sustainable Insight Capital Management LLC Invests $314,000 in EQT Co. (NYSE:EQT)

Sustainable Insight Capital Management LLC purchased a new stake in EQT Co. (NYSE:EQT) in the fourth quarter, Holdings Channel reports. The firm purchased 6,800 shares of the oil and gas producer’s stock, valued at approximately $314,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. HM Payson & Co. bought a new position in shares of EQT during the 3rd quarter worth $25,000. Truvestments Capital LLC bought a new position in EQT during the 3rd quarter worth about $30,000. Hexagon Capital Partners LLC increased its position in EQT by 18,080.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 904 shares during the period. Quarry LP raised its holdings in shares of EQT by 184.7% in 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. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of EQT in the 3rd quarter worth approximately $36,000. Institutional investors own 90.81% of the company’s stock.

EQT Stock Up 0.3 %

EQT stock opened at $53.56 on Friday. The company has a market capitalization of $31.96 billion, a P/E ratio of 63.76 and a beta of 1.12. EQT Co. has a 12 month low of $30.02 and a 12 month high of $54.85. The firm’s fifty day simple moving average is $46.40 and its 200-day simple moving average is $39.13. 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 (NYSE:EQT) last announced its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.06. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the firm earned $0.30 EPS. As a group, equities research analysts forecast that EQT Co. will post 1.42 earnings per share for the current year.

Insider Buying and Selling

In other EQT 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 value 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 represents a 13.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.63% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Truist Financial lifted their price objective on shares of EQT from $41.00 to $56.00 and gave the company a “hold” rating in a report on Monday, January 13th. Stephens boosted their price target on EQT from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Bank of America initiated coverage on EQT in a research report on Monday, October 28th. They set a “buy” rating and a $50.00 price objective on the stock. JPMorgan Chase & Co. increased their price target on shares of EQT from $50.00 to $53.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Finally, BMO Capital Markets boosted their price objective 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. 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $49.89.

EQT Company 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.