Radnor Capital Management LLC Grows Position in EQT Co. (NYSE:EQT)

Radnor Capital Management LLC boosted its position in EQT Co. (NYSE:EQT) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,948 shares of the oil and gas producer’s stock after acquiring an additional 237 shares during the quarter. Radnor Capital Management LLC’s holdings in EQT were worth $2,810,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in shares of EQT by 38.7% in the 3rd quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer’s stock valued at $2,716,968,000 after purchasing an additional 20,700,921 shares in the last quarter. Modera Wealth Management LLC purchased a new position in EQT in the third quarter valued at $562,494,000. State Street Corp raised its stake in EQT by 24.5% in the third quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer’s stock valued at $1,359,183,000 after buying an additional 7,290,822 shares in the last quarter. Geode Capital Management LLC lifted its holdings in EQT by 34.4% during the 3rd quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer’s stock worth $511,159,000 after buying an additional 3,582,418 shares during the last quarter. Finally, Holocene Advisors LP acquired a new position in shares of EQT during the 3rd quarter worth about $97,979,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EQT. Sanford C. Bernstein raised 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. Royal Bank of Canada reissued a “sector perform” rating and set a $49.00 price objective on shares of EQT in a report on Monday, January 6th. StockNews.com raised shares of EQT to a “sell” rating in a research report on Monday, December 30th. Piper Sandler boosted their price target on shares of EQT from $32.00 to $34.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Finally, Mizuho raised EQT from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $48.00 to $57.00 in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, EQT has an average rating of “Moderate Buy” and a consensus target price of $49.94.

EQT Price Performance

Shares of NYSE EQT opened at $50.62 on Wednesday. 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 company has a market cap of $30.20 billion, a PE ratio of 60.26 and a beta of 1.12. The stock has a fifty day moving average price of $45.09 and a 200 day moving average price of $38.45. EQT Co. has a 1-year low of $30.02 and a 1-year high of $51.21.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.06. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 earnings per share. Sell-side analysts forecast that EQT Co. will post 1.37 EPS for the current year.

Insider Buying and Selling at EQT

In other 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 sale, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.63% of the stock is owned by corporate insiders.

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.