EQT Co. (NYSE:EQT) Shares Acquired by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT boosted its holdings in EQT Co. (NYSE:EQT) by 31.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,004 shares of the oil and gas producer’s stock after purchasing an additional 16,204 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in EQT were worth $3,090,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB increased its stake in shares of EQT by 4.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer’s stock valued at $218,000 after acquiring an additional 223 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in EQT by 15.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer’s stock worth $79,000 after purchasing an additional 236 shares during the last quarter. Radnor Capital Management LLC raised its stake in EQT by 0.4% during the fourth quarter. Radnor Capital Management LLC now owns 60,948 shares of the oil and gas producer’s stock worth $2,810,000 after purchasing an additional 237 shares during the period. Waldron Private Wealth LLC boosted its holdings in shares of EQT by 0.7% in the 4th quarter. Waldron Private Wealth LLC now owns 37,323 shares of the oil and gas producer’s stock valued at $1,721,000 after purchasing an additional 251 shares during the last quarter. Finally, Greenleaf Trust grew its stake in shares of EQT by 1.8% during the 4th quarter. Greenleaf Trust now owns 19,477 shares of the oil and gas producer’s stock valued at $898,000 after buying an additional 349 shares during the period. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

EQT Trading Down 4.6 %

Shares of NYSE:EQT opened at $50.15 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a market capitalization of $29.92 billion, a price-to-earnings ratio of 125.37, a PEG ratio of 0.66 and a beta of 1.08. EQT Co. has a 1-year low of $30.02 and a 1-year high of $56.66. The company has a 50 day moving average price of $49.57 and a 200 day moving average price of $41.58.

EQT (NYSE:EQT) last announced its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.19. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.82%. On average, research analysts anticipate that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a $0.1575 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.63 annualized dividend and a yield of 1.26%. EQT’s dividend payout ratio (DPR) is currently 157.50%.

Insiders Place Their Bets

In other news, Director Thomas F. Karam sold 30,154 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total value of $1,351,803.82. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EQT. Scotiabank cut EQT from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $55.00 to $54.00 in a report on Friday, January 17th. Citigroup increased their price objective on shares of EQT from $44.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Stephens lifted their target price on shares of EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Jefferies Financial Group upped their price target on shares of EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Finally, UBS Group raised their price objective on EQT from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. One investment 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $52.17.

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.