EQT Co. (NYSE:EQT) Shares Acquired by DiNuzzo Private Wealth Inc.

DiNuzzo Private Wealth Inc. lifted its position in shares of EQT Co. (NYSE:EQT) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,632 shares of the oil and gas producer’s stock after purchasing an additional 1,020 shares during the period. DiNuzzo Private Wealth Inc.’s holdings in EQT were worth $629,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. HM Payson & Co. acquired a new position in shares of EQT in the 3rd quarter valued at $25,000. Truvestments Capital LLC purchased a new stake in EQT in the third quarter valued at $30,000. Hexagon Capital Partners LLC boosted its stake in EQT by 18,080.0% in the third quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 904 shares in the last quarter. Quarry LP grew its holdings in shares of EQT by 184.7% during the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 578 shares during the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of EQT during the third quarter worth about $36,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EQT. Royal Bank of Canada reissued a “sector perform” rating and issued a $49.00 target price on shares of EQT in a research report on Monday, January 6th. Mizuho upgraded shares of EQT from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $48.00 to $57.00 in a research report on Monday, December 16th. Truist Financial lifted 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. Bank of America initiated coverage on shares of EQT in a research report on Monday, October 28th. They set a “buy” rating and a $50.00 price objective on the stock. Finally, Jefferies Financial Group upped their target price on shares of EQT from $45.00 to $55.00 and gave the company a “buy” rating in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, EQT presently has an average rating of “Moderate Buy” and a consensus target price of $49.89.

EQT Price Performance

Shares of NYSE EQT opened at $49.92 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51. EQT Co. has a one year low of $30.02 and a one year high of $54.85. The firm has a market capitalization of $29.79 billion, a P/E ratio of 59.43 and a beta of 1.12. The company’s fifty day moving average is $46.92 and its two-hundred day moving average is $39.47.

EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. EQT had a net margin of 5.52% and a return on equity of 3.74%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The firm’s revenue was up 8.2% on a year-over-year basis. Analysts forecast that EQT Co. will post 1.42 EPS for the current fiscal year.

Insider Activity

In related news, Director Thomas F. Karam sold 30,154 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 201,608 shares of the company’s stock, valued at $9,038,086.64. This trade represents a 13.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.63% of the company’s stock.

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.