Callan Family Office LLC Invests $801,000 in EQT Co. (NYSE:EQT)

Callan Family Office LLC purchased a new position in EQT Co. (NYSE:EQT) during the 4th quarter, HoldingsChannel reports. The fund purchased 17,372 shares of the oil and gas producer’s stock, valued at approximately $801,000.

Several other institutional investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust increased its stake in EQT by 22.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock valued at $48,000 after acquiring an additional 193 shares during the last quarter. Wilmington Savings Fund Society FSB increased its stake in EQT by 4.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer’s stock valued at $218,000 after acquiring an additional 223 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake 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 valued at $79,000 after acquiring an additional 236 shares during the last quarter. Radnor Capital Management LLC increased its stake in EQT by 0.4% in the fourth quarter. Radnor Capital Management LLC now owns 60,948 shares of the oil and gas producer’s stock valued at $2,810,000 after acquiring an additional 237 shares during the last quarter. Finally, Waldron Private Wealth LLC increased its stake in EQT by 0.7% in the fourth 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 during the last quarter. Institutional investors own 90.81% of the company’s stock.

EQT Stock Performance

EQT stock opened at $46.96 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average of $50.58 and a 200-day moving average of $42.96. The firm has a market cap of $28.06 billion, a P/E ratio of 117.40, a P/E/G ratio of 0.64 and a beta of 1.12. EQT Co. has a 1-year low of $30.02 and a 1-year high of $56.66.

EQT (NYSE:EQT) last issued its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.50 by $0.19. EQT had a net margin of 4.37% and a return on equity of 4.35%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. Sell-side analysts expect that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $0.1575 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 annualized dividend and a yield of 1.34%. EQT’s dividend payout ratio (DPR) is presently 157.50%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on EQT shares. JPMorgan Chase & Co. increased their target price on EQT from $53.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Jefferies Financial Group increased their target price on EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Scotiabank cut EQT from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the company from $55.00 to $54.00 in a research note on Friday, January 17th. Wells Fargo & Company raised their price objective on EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $49.00 price objective on shares of EQT in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $52.44.

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.