Segment Wealth Management LLC Buys Shares of 37,627 EQT Co. (NYSE:EQT)

Segment Wealth Management LLC acquired a new stake in EQT Co. (NYSE:EQT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 37,627 shares of the oil and gas producer’s stock, valued at approximately $1,735,000.

Other hedge funds also recently added to or reduced their stakes in the company. Ballentine Partners LLC acquired a new position in EQT during the fourth quarter worth about $272,000. Lionsbridge Wealth Management LLC acquired a new position in shares of EQT during the 4th quarter worth approximately $399,000. MassMutual Private Wealth & Trust FSB lifted its stake in EQT by 15.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer’s stock valued at $79,000 after buying an additional 236 shares in the last quarter. UMB Bank n.a. grew its holdings in EQT by 20.3% during the 4th quarter. UMB Bank n.a. now owns 6,087 shares of the oil and gas producer’s stock valued at $281,000 after buying an additional 1,026 shares during the last quarter. Finally, Jackson Square Capital LLC purchased a new position in EQT during the fourth quarter worth $708,000. 90.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at EQT

In other 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 transaction of $1,351,803.82. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.63% of the stock is currently owned by insiders.

EQT Trading Down 1.6 %

Shares of EQT opened at $52.93 on Tuesday. EQT Co. has a one year low of $30.02 and a one year high of $53.98. The stock has a 50-day moving average price of $45.83 and a 200 day moving average price of $38.79. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51. The company has a market capitalization of $31.58 billion, a P/E ratio of 63.02 and a beta of 1.12.

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EQT. Royal Bank of Canada reiterated a “sector perform” rating and set a $49.00 price objective on shares of EQT in a research report on Monday, January 6th. Citigroup boosted their price objective on shares of EQT from $44.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Wells Fargo & Company raised their target price on shares of EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. StockNews.com upgraded EQT to a “sell” rating in a report on Monday, December 30th. Finally, Mizuho upgraded 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, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus 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.