EQT Co. (NYSE:EQT) Stake Cut by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC decreased its holdings in shares of EQT Co. (NYSE:EQT) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,000 shares of the oil and gas producer’s stock after selling 1,028 shares during the period. Hunter Associates Investment Management LLC’s holdings in EQT were worth $1,151,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Sanctuary Advisors LLC grew its position in shares of EQT by 104.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 63,507 shares of the oil and gas producer’s stock valued at $2,327,000 after buying an additional 32,484 shares during the last quarter. Retirement Systems of Alabama raised its position in shares of EQT by 36.7% during the 3rd quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer’s stock worth $4,878,000 after purchasing an additional 35,733 shares during the period. FMR LLC lifted its holdings in shares of EQT by 2.5% in the 3rd quarter. FMR LLC now owns 1,133,197 shares of the oil and gas producer’s stock worth $41,520,000 after purchasing an additional 28,129 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in EQT by 15.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 41,508 shares of the oil and gas producer’s stock valued at $1,914,000 after purchasing an additional 5,489 shares during the period. Finally, Howard Financial Services LTD. acquired a new position in EQT during the 4th quarter valued at approximately $223,000. 90.81% of the stock is owned by institutional investors and hedge funds.

EQT Stock Up 2.0 %

NYSE EQT opened at $51.65 on Friday. 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 company has a market capitalization of $30.82 billion, a P/E ratio of 61.48, a PEG ratio of 0.58 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 company’s 50 day simple moving average is $47.12 and its 200 day simple moving average is $39.63.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. EQT had a return on equity of 3.74% and a net margin of 5.52%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter last year, the business posted $0.30 EPS. EQT’s revenue was up 8.2% on a year-over-year basis. Equities research analysts expect that EQT Co. will post 1.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EQT has been the topic of a number of recent research reports. BMO Capital Markets raised their target price on EQT from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Jefferies Financial Group boosted their target price on shares of EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Truist Financial raised their price target 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. Wells Fargo & Company boosted their price objective on EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Finally, Morgan Stanley raised their target price on EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $49.94.

Insider Activity

In related news, Director Thomas F. Karam sold 30,154 shares of the stock in a transaction dated 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 completion of the sale, the director now directly owns 201,608 shares of the company’s stock, valued at approximately $9,038,086.64. This represents a 13.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.63% of the stock is owned by company insiders.

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.