Sanctuary Advisors LLC Increases Stock Position in EQT Co. (NYSE:EQT)

Sanctuary Advisors LLC lifted its holdings in shares of EQT Co. (NYSE:EQT) by 2.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,911 shares of the oil and gas producer’s stock after purchasing an additional 1,404 shares during the period. Sanctuary Advisors LLC’s holdings in EQT were worth $2,993,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Wellington Management Group LLP increased its position in EQT by 38.7% during the third quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer’s stock worth $2,716,968,000 after buying an additional 20,700,921 shares in the last quarter. State Street Corp boosted its stake in shares of EQT by 24.5% during 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 acquiring an additional 7,290,822 shares during the last quarter. Modera Wealth Management LLC purchased a new stake in EQT during the 3rd quarter worth about $562,494,000. Geode Capital Management LLC raised its stake in EQT by 34.4% in the 3rd quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer’s stock valued at $511,159,000 after purchasing an additional 3,582,418 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in EQT by 28.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,013,058 shares of the oil and gas producer’s stock valued at $183,678,000 after purchasing an additional 1,108,134 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 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 owns 201,608 shares in the company, valued at $9,038,086.64. The trade was a 13.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.63% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

EQT has been the subject of a number of recent research reports. Stephens lifted their price target on shares of EQT from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. StockNews.com raised shares of EQT to a “sell” rating in a research note on Saturday, February 8th. Piper Sandler boosted their price target on EQT from $34.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. 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. Finally, Truist Financial upped their target price on EQT from $41.00 to $56.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, EQT has an average rating of “Hold” and an average target price of $52.17.

EQT Price Performance

EQT stock opened at $50.15 on Friday. The firm has a fifty day moving average of $49.67 and a 200-day moving average of $41.72. EQT Co. has a 52-week low of $30.02 and a 52-week high of $56.66. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $29.96 billion, a P/E ratio of 125.37, a PEG ratio of 0.64 and a beta of 1.08.

EQT (NYSE:EQT) last announced its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.19. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. As a group, analysts predict that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.26%. The ex-dividend date is Tuesday, February 18th. EQT’s dividend payout ratio (DPR) is presently 157.50%.

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.