Deltec Asset Management LLC Cuts Stock Position in EQT Co. (NYSE:EQT)

Deltec Asset Management LLC decreased its stake in shares of EQT Co. (NYSE:EQT) by 21.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 198,822 shares of the oil and gas producer’s stock after selling 55,595 shares during the quarter. EQT comprises about 1.8% of Deltec Asset Management LLC’s investment portfolio, making the stock its 14th biggest holding. Deltec Asset Management LLC’s holdings in EQT were worth $9,168,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of EQT. MassMutual Private Wealth & Trust FSB raised its holdings in EQT by 15.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer’s stock worth $79,000 after buying an additional 236 shares during the last quarter. Radnor Capital Management LLC raised its holdings in EQT by 0.4% in the 4th quarter. Radnor Capital Management LLC now owns 60,948 shares of the oil and gas producer’s stock worth $2,810,000 after acquiring an additional 237 shares during the last quarter. Waldron Private Wealth LLC lifted its position in EQT by 0.7% in the 4th quarter. Waldron Private Wealth LLC now owns 37,323 shares of the oil and gas producer’s stock valued at $1,721,000 after acquiring an additional 251 shares in the last quarter. Greenleaf Trust boosted its stake in EQT by 1.8% during the 4th quarter. Greenleaf Trust now owns 19,477 shares of the oil and gas producer’s stock valued at $898,000 after purchasing an additional 349 shares during the last quarter. Finally, Resonant Capital Advisors LLC increased its holdings in shares of EQT by 1.3% in the 4th quarter. Resonant Capital Advisors LLC now owns 29,968 shares of the oil and gas producer’s stock worth $1,382,000 after purchasing an additional 394 shares in the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EQT has been the topic of a number of research analyst reports. Wells Fargo & Company upped their price target on EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Royal Bank of Canada restated a “sector perform” rating and set a $49.00 target price on shares of EQT in a research note on Monday, January 6th. UBS Group lifted their price target on shares of EQT from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. increased their price objective 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. Finally, Jefferies Financial Group lifted their target price on shares of EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $49.94.

EQT Stock Down 0.1 %

Shares of NYSE:EQT opened at $52.15 on Wednesday. The company has a 50-day moving average price of $47.44 and a 200 day moving average price of $39.99. EQT Co. has a 12 month low of $30.02 and a 12 month high of $54.85. The company has a market cap of $31.12 billion, a price-to-earnings ratio of 62.09, a PEG ratio of 0.62 and a beta of 1.08. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65.

Insider Activity

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total value of $1,351,803.82. Following the transaction, the director now directly owns 201,608 shares in the company, valued at $9,038,086.64. This represents a 13.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.63% of the company’s stock.

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.