Waldron Private Wealth LLC Has $1.72 Million Stock Holdings in EQT Co. (NYSE:EQT)

Waldron Private Wealth LLC lifted its holdings in shares of EQT Co. (NYSE:EQT) by 0.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,323 shares of the oil and gas producer’s stock after buying an additional 251 shares during the period. Waldron Private Wealth LLC’s holdings in EQT were worth $1,721,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP lifted its stake 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 acquiring an additional 20,700,921 shares during the last quarter. Modera Wealth Management LLC bought a new position in EQT in the 3rd quarter valued at approximately $562,494,000. State Street Corp boosted its position in EQT by 24.5% during the 3rd quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer’s stock worth $1,359,183,000 after buying an additional 7,290,822 shares during the period. Geode Capital Management LLC grew 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 acquiring an additional 3,582,418 shares during the last quarter. Finally, Holocene Advisors LP acquired a new position in EQT in the 3rd quarter valued at approximately $97,979,000. 90.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Jefferies Financial Group lifted their price target on shares of EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Wells Fargo & Company upped their price target on EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Truist Financial increased their price target on EQT from $41.00 to $56.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Stephens lifted their price objective on EQT from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. increased their target price on shares of EQT from $50.00 to $53.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $49.94.

EQT Stock Performance

Shares of EQT opened at $51.03 on Friday. The stock has a 50-day moving average of $47.21 and a 200-day moving average of $39.72. EQT Co. has a one year low of $30.02 and a one year 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 company has a market cap of $30.45 billion, a PE ratio of 60.75, a P/E/G ratio of 0.58 and a beta of 1.12.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. The company 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%. EQT’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business earned $0.30 EPS. On average, equities research analysts predict that EQT Co. will post 1.4 EPS for the current fiscal year.

Insider Buying and Selling

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the business’s stock in a transaction 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 transaction, the director now owns 201,608 shares of the company’s stock, valued at approximately $9,038,086.64. The trade was 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. 0.63% of the stock is currently owned by corporate insiders.

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.