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

DiNuzzo Private Wealth Inc. lifted its holdings in shares of EQT Co. (NYSE:EQT) by 8.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

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

Insider Buying and Selling

In related news, Director Thomas F. Karam sold 30,154 shares of EQT stock in a transaction dated 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 in the company, valued at approximately $9,038,086.64. This trade represents a 13.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.63% of the company’s stock.

EQT Trading Up 3.0 %

NYSE EQT opened at $49.92 on Wednesday. The company’s fifty day simple moving average is $46.92 and its 200-day simple moving average is $39.47. The stock has a market cap of $29.79 billion, a P/E ratio of 59.43 and a beta of 1.12. EQT Co. has a 52 week low of $30.02 and a 52 week high of $54.85. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group raised their price objective on EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Mizuho upgraded EQT from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $48.00 to $57.00 in a report on Monday, December 16th. Wells Fargo & Company increased their price objective on shares of EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. boosted their target price on shares of EQT from $50.00 to $53.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Finally, Stephens increased their price target on shares of EQT from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, EQT presently has an average rating of “Moderate Buy” and a consensus target price of $49.89.

EQT Company 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.