Catalyst Financial Partners LLC Acquires 414 Shares of EQT Co. (NYSE:EQT)

Catalyst Financial Partners LLC boosted its holdings in EQT Co. (NYSE:EQT) by 6.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,449 shares of the oil and gas producer’s stock after acquiring an additional 414 shares during the quarter. Catalyst Financial Partners LLC’s holdings in EQT were worth $297,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP boosted its stake in shares of EQT by 38.7% in the 3rd quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer’s stock worth $2,716,968,000 after buying an additional 20,700,921 shares during the last quarter. State Street Corp boosted its stake in shares of EQT by 24.5% in the 3rd quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer’s stock worth $1,359,183,000 after buying an additional 7,290,822 shares during the last quarter. Modera Wealth Management LLC purchased a new position in shares of EQT in the 3rd quarter worth $562,494,000. Geode Capital Management LLC boosted its stake in shares of EQT by 34.4% in the 3rd quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer’s stock worth $511,159,000 after buying an additional 3,582,418 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of EQT by 28.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,013,058 shares of the oil and gas producer’s stock worth $183,678,000 after buying an additional 1,108,134 shares during the last quarter. 90.81% of the stock is owned by institutional investors.

Insider Buying and Selling

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the business’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 transaction, the director now owns 201,608 shares in the company, valued at $9,038,086.64. The trade was a 13.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.63% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

EQT has been the topic of a number of recent research reports. Morgan Stanley raised their target price on EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Piper Sandler raised their target price on EQT from $34.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Sanford C. Bernstein raised EQT from a “market perform” rating to an “outperform” rating and set a $73.00 target price on the stock in a report on Wednesday, January 15th. Stephens raised their target price on EQT from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $49.00 target price on shares of EQT in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $51.89.

EQT Trading Up 1.2 %

EQT opened at $53.49 on Friday. The firm has a market cap of $31.91 billion, a P/E ratio of 63.67, a P/E/G ratio of 0.62 and a beta of 1.08. EQT Co. has a 12 month low of $30.02 and a 12 month high of $54.85. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average of $48.64 and a 200 day moving average of $40.89.

EQT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a $0.1575 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.63 annualized dividend and a yield of 1.18%. EQT’s dividend payout ratio is currently 75.00%.

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.