Elevate Capital Advisors LLC acquired a new position in shares of EQT Co. (NYSE:EQT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 37,830 shares of the oil and gas producer's stock, valued at approximately $1,744,000. EQT makes up 1.5% of Elevate Capital Advisors LLC's holdings, making the stock its 23rd biggest holding.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB boosted its position 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 boosted its holdings in EQT by 0.4% in the 4th quarter. Radnor Capital Management LLC now owns 60,948 shares of the oil and gas producer's stock valued at $2,810,000 after purchasing an additional 237 shares during the last quarter. Waldron Private Wealth LLC boosted its holdings in 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 increased its holdings 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 worth $898,000 after buying an additional 349 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.
Wall Street Analyst Weigh In
EQT has been the topic of several analyst reports. Morgan Stanley lifted their price target on shares of EQT from $45.00 to $56.00 and gave the company an "overweight" rating in a research report on Monday, November 25th. Royal Bank of Canada restated a "sector perform" rating and issued a $49.00 target price on shares of EQT in a research report on Monday, January 6th. Sanford C. Bernstein upgraded EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price target for the company in a report on Wednesday, January 15th. The Goldman Sachs Group boosted their price objective on shares of EQT from $59.00 to $66.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Jefferies Financial Group increased their target price on shares of EQT from $45.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, seven have assigned 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 target price of $51.89.
Get Our Latest Report on EQT
EQT Stock Up 1.0 %
EQT traded up $0.53 on Thursday, hitting $52.90. 6,029,848 shares of the company were exchanged, compared to its average volume of 8,044,143. 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 company has a market cap of $31.56 billion, a price-to-earnings ratio of 62.97, a price-to-earnings-growth ratio of 0.62 and a beta of 1.08. The firm has a 50-day moving average price of $48.47 and a two-hundred day moving average price of $40.81. EQT Co. has a twelve month low of $30.02 and a twelve month high of $54.85.
EQT Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be paid a dividend of $0.1575 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.19%. EQT's payout ratio is 75.00%.
Insider Activity at EQT
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 transaction 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. 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 accessible through the SEC website. 0.63% of the stock is owned by corporate insiders.
About EQT
(
Free Report)
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.
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