Greenleaf Trust Buys 349 Shares of EQT Co. (NYSE:EQT)

Greenleaf Trust raised its stake in EQT Co. (NYSE:EQT) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,477 shares of the oil and gas producer’s stock after purchasing an additional 349 shares during the period. Greenleaf Trust’s holdings in EQT were worth $898,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. HM Payson & Co. acquired a new stake in EQT during the third quarter worth about $25,000. Truvestments Capital LLC bought a new stake in shares of EQT in the 3rd quarter worth approximately $30,000. Quarry LP grew its holdings in shares of 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 purchasing an additional 578 shares in the last quarter. Hexagon Capital Partners LLC increased its position in shares of 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 valued at $33,000 after purchasing an additional 904 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of EQT in the third quarter valued at $36,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

EQT Stock Performance

Shares of EQT stock opened at $52.18 on Tuesday. The firm has a 50 day simple moving average of $47.32 and a 200 day simple moving average of $39.87. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $54.85. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a market cap of $31.13 billion, a P/E ratio of 62.12, a P/E/G ratio of 0.62 and a beta of 1.08.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Truist Financial increased their price objective on shares of EQT from $41.00 to $56.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Jefferies Financial Group raised their price target 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. StockNews.com upgraded EQT to a “sell” rating in a research note on Friday. 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. Finally, Scotiabank cut EQT from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $55.00 to $54.00 in a research report on Friday, January 17th. One research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.94.

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.