EQT Co. (NYSE:EQT) Shares Acquired by Guidance Capital Inc.

Guidance Capital Inc. increased its stake in shares of EQT Co. (NYSE:EQT) by 7.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,618 shares of the oil and gas producer’s stock after purchasing an additional 1,737 shares during the period. Guidance Capital Inc.’s holdings in EQT were worth $1,181,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EQT. Wellington Management Group LLP raised its holdings in shares of EQT by 38.7% during the third quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer’s stock valued at $2,716,968,000 after acquiring an additional 20,700,921 shares during the last quarter. State Street Corp raised its position in shares of EQT by 24.5% in the third quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer’s stock valued at $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 third quarter worth about $562,494,000. Geode Capital Management LLC boosted its position in EQT by 34.4% during the third quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer’s stock worth $511,159,000 after acquiring an additional 3,582,418 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in 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 valued at $183,678,000 after acquiring an additional 1,108,134 shares during the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

EQT Stock Performance

Shares of EQT stock opened at $52.15 on Wednesday. The stock has a market capitalization of $31.12 billion, a price-to-earnings ratio of 62.09, a price-to-earnings-growth ratio of 0.62 and a beta of 1.08. 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 business has a 50-day moving average of $47.44 and a 200 day moving average of $39.99. EQT Co. has a 12 month low of $30.02 and a 12 month high of $54.85.

Insider Activity

In other news, Director Thomas F. Karam sold 30,154 shares of the stock in a transaction 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 directly owns 201,608 shares in the company, valued at approximately $9,038,086.64. This trade represents a 13.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on EQT shares. Royal Bank of Canada restated a “sector perform” rating and issued a $49.00 price target on shares of EQT in a research report on Monday, January 6th. Sanford C. Bernstein raised EQT from a “market perform” rating to an “outperform” rating and set a $73.00 target price for the company in a research note on Wednesday, January 15th. Morgan Stanley lifted their price target on EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Bank of America began coverage on shares of EQT in a report on Monday, October 28th. They issued a “buy” rating and a $50.00 price objective for the company. Finally, Truist Financial boosted their target price on shares of EQT from $41.00 to $56.00 and gave the company a “hold” rating in a report on Monday, January 13th. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $49.94.

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.