Capital Advisors Inc. OK Has $40.79 Million Stake in EQT Co. (NYSE:EQT)

Capital Advisors Inc. OK grew its stake in shares of EQT Co. (NYSE:EQT - Free Report) by 28.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 903,826 shares of the oil and gas producer's stock after acquiring an additional 199,927 shares during the period. Capital Advisors Inc. OK owned 0.15% of EQT worth $40,792,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EQT. HM Payson & Co. acquired a new stake in shares of EQT in the third quarter valued at approximately $25,000. Truvestments Capital LLC acquired a new stake in shares of EQT in the third quarter valued at approximately $30,000. Quarry LP raised its position in shares of EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer's stock valued at $33,000 after buying an additional 578 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of EQT in the third quarter valued at approximately $36,000. Finally, Financial Avengers Inc. raised its position in shares of EQT by 100.8% in the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer's stock valued at $37,000 after buying an additional 504 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EQT has been the subject of a number of analyst reports. UBS Group lifted their price target on shares of EQT from $49.00 to $54.00 and gave the company a "neutral" rating in a research report on Thursday. 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 research note on Monday, January 13th. Citigroup lifted their price objective on shares of EQT from $44.00 to $51.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Scotiabank cut shares of EQT from a "sector outperform" rating to a "sector perform" rating and decreased their price objective for the company from $55.00 to $54.00 in a research note on Friday, January 17th. Finally, Bank of America began coverage on shares of EQT in a research note on Monday, October 28th. They issued a "buy" rating and a $50.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have issued 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 a consensus price target of $51.89.

EQT Trading Up 1.2 %

Shares of EQT stock traded up $0.62 during trading on Friday, hitting $53.49. The company's stock had a trading volume of 5,552,108 shares, compared to its average volume of 7,823,351. 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 Co. has a 52 week low of $30.02 and a 52 week high of $54.85. The stock has a market cap of $31.91 billion, a price-to-earnings ratio of 63.67, a price-to-earnings-growth ratio of 0.62 and a beta of 1.08. The stock has a 50-day moving average price of $48.64 and a two-hundred day moving average price of $40.89.

EQT Announces Dividend

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

Insider Buying and Selling

In related news, Director Thomas F. Karam sold 30,154 shares of the business's 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 sale, the director now owns 201,608 shares of the company's stock, 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 document filed with the SEC, which is available through the SEC website. 0.63% of the stock is currently owned by insiders.

About EQT

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.