EQT Co. (NYSE:EQT) Shares Purchased by Swedbank AB

Swedbank AB boosted its stake in shares of EQT Co. (NYSE:EQT - Free Report) by 126.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 333,921 shares of the oil and gas producer's stock after acquiring an additional 186,263 shares during the period. Swedbank AB owned about 0.06% of EQT worth $15,397,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB increased its holdings in shares of EQT by 15.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer's stock valued at $79,000 after purchasing an additional 236 shares during the last quarter. Radnor Capital Management LLC grew its stake in shares of EQT by 0.4% in the fourth quarter. Radnor Capital Management LLC now owns 60,948 shares of the oil and gas producer's stock valued at $2,810,000 after buying an additional 237 shares in the last quarter. Davis Investment Partners LLC increased its stake in EQT by 1.0% during the third quarter. Davis Investment Partners LLC now owns 30,908 shares of the oil and gas producer's stock worth $1,137,000 after purchasing an additional 317 shares during the period. J.W. Cole Advisors Inc. lifted its holdings in EQT by 7.4% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 6,121 shares of the oil and gas producer's stock worth $224,000 after buying an additional 421 shares in the last quarter. Finally, Financial Avengers Inc. grew its stake in EQT by 100.8% during the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer's stock worth $37,000 after purchasing an additional 504 shares in the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EQT. Citigroup raised their price objective on shares of EQT from $44.00 to $51.00 and gave the company a "buy" rating in a report on Friday, December 6th. UBS Group lifted their price target on EQT from $40.00 to $42.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. JPMorgan Chase & Co. raised their target price on EQT from $50.00 to $53.00 and gave the stock an "overweight" rating in a research report on Friday, January 3rd. Scotiabank cut shares of EQT from a "sector outperform" rating to a "sector perform" rating and reduced their price target for the company from $55.00 to $54.00 in a research report on Friday, January 17th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $49.00 target price on shares of EQT in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $49.94.

Insiders Place Their Bets

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the business's stock in a transaction dated 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 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 document filed with the SEC, which is available through this hyperlink. 0.63% of the stock is currently owned by insiders.

EQT Trading Down 0.3 %

NYSE EQT traded down $0.13 during mid-day trading on Tuesday, reaching $52.05. 2,997,582 shares of the stock were exchanged, compared to its average volume of 8,196,451. EQT Co. has a 1-year low of $30.02 and a 1-year high of $54.85. The business's fifty day simple moving average is $47.44 and its 200 day simple moving average is $39.99. 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 $31.06 billion, a PE ratio of 61.96, a PEG ratio of 0.62 and a beta of 1.08.

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.