Wealth Enhancement Advisory Services LLC Acquires 5,489 Shares of EQT Co. (NYSE:EQT)

Wealth Enhancement Advisory Services LLC grew its holdings in EQT Co. (NYSE:EQT) by 15.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,508 shares of the oil and gas producer’s stock after buying an additional 5,489 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in EQT were worth $1,914,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. HM Payson & Co. purchased a new position in EQT in the third quarter worth about $25,000. Truvestments Capital LLC purchased a new stake in EQT during the 3rd quarter valued at $30,000. Hexagon Capital Partners LLC boosted its stake in EQT by 18,080.0% during the third quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 904 shares during the period. Quarry LP lifted its holdings in shares of EQT by 184.7% in the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 578 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in EQT during the 3rd quarter valued at about $36,000. 90.81% of the stock is currently owned by institutional investors.

EQT Trading Up 1.1 %

EQT opened at $50.62 on Wednesday. EQT Co. has a 12 month low of $30.02 and a 12 month high of $51.21. The stock has a fifty day moving average price of $45.09 and a 200-day moving average price of $38.45. The firm has a market cap of $30.20 billion, a price-to-earnings ratio of 60.26 and a beta of 1.12. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 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 business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period in the prior year, the firm posted $0.30 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, equities research analysts anticipate that EQT Co. will post 1.37 earnings per share for the current fiscal year.

Insider Activity at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of the business’s stock in a transaction dated 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 owns 201,608 shares in the company, valued at approximately $9,038,086.64. The trade was a 13.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.63% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

EQT has been the subject of several recent analyst reports. Bank of America initiated coverage on EQT in a research report on Monday, October 28th. They set a “buy” rating and a $50.00 target price for the company. Truist Financial upped their price objective on EQT from $41.00 to $56.00 and gave the company a “hold” rating in a research report on Monday. Royal Bank of Canada reissued a “sector perform” rating and set a $49.00 target price on shares of EQT in a research note on Monday, January 6th. StockNews.com raised shares of EQT to a “sell” rating in a research note on Monday, December 30th. Finally, Jefferies Financial Group boosted their price objective on shares of EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $48.67.

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.