Capital Advisors Inc. OK Grows Stock Holdings in EQT Co. (NYSE:EQT)

Capital Advisors Inc. OK lifted its stake in EQT Co. (NYSE:EQT) by 28.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 903,826 shares of the oil and gas producer’s stock after purchasing an additional 199,927 shares during the period. Capital Advisors Inc. OK’s holdings in EQT were worth $40,792,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. HM Payson & Co. purchased a new stake in EQT during the 3rd quarter worth about $25,000. Truvestments Capital LLC purchased a new stake in EQT during the 3rd quarter worth about $30,000. Quarry LP lifted its holdings in EQT by 184.7% during the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 578 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in EQT during the 3rd quarter worth about $36,000. Finally, Financial Avengers Inc. lifted its holdings 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 buying an additional 504 shares during the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on EQT shares. Sanford C. Bernstein upgraded EQT from a “market perform” rating to an “outperform” rating and set a $73.00 target price on the stock in a research report on Wednesday, January 15th. Piper Sandler lifted their target price on EQT from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Truist Financial lifted their target price on EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Citigroup lifted their target price on EQT from $44.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Morgan Stanley boosted their price target on EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $49.94.

EQT Stock Performance

NYSE EQT opened at $53.87 on Wednesday. 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 business’s 50 day moving average is $48.14 and its two-hundred day moving average is $40.59. EQT Co. has a 12-month low of $30.02 and a 12-month high of $54.85. The stock has a market capitalization of $32.15 billion, a price-to-earnings ratio of 64.14, a PEG ratio of 0.62 and a beta of 1.08.

EQT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Tuesday, February 18th. EQT’s dividend payout ratio (DPR) is 75.00%.

Insider Transactions at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of the business’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 transaction 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.63% of the company’s stock.

EQT 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.