8,650 Shares in EQT Co. (NYSE:EQT) Purchased by Lionsbridge Wealth Management LLC

Lionsbridge Wealth Management LLC bought a new stake in EQT Co. (NYSE:EQT) during the fourth quarter, Holdings Channel.com reports. The fund bought 8,650 shares of the oil and gas producer’s stock, valued at approximately $399,000.

Several other institutional investors also recently added to or reduced their stakes in EQT. MassMutual Private Wealth & Trust FSB increased its position in EQT by 15.9% during 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 acquiring an additional 236 shares during the period. Radnor Capital Management LLC grew its position 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 purchasing an additional 237 shares during the last quarter. Davis Investment Partners LLC increased its holdings in shares of EQT by 1.0% during the 3rd quarter. Davis Investment Partners LLC now owns 30,908 shares of the oil and gas producer’s stock worth $1,137,000 after purchasing an additional 317 shares during the period. J.W. Cole Advisors Inc. raised its position in shares of EQT by 7.4% during the third quarter. J.W. Cole Advisors Inc. now owns 6,121 shares of the oil and gas producer’s stock valued at $224,000 after buying an additional 421 shares during the last quarter. Finally, Financial Avengers Inc. lifted its stake in shares of EQT by 100.8% in the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock valued at $37,000 after buying an additional 504 shares during the period. 90.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on EQT. BMO Capital Markets upped their price target on EQT from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, October 4th. 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. 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 research note on Wednesday, October 30th. Citigroup increased their price objective on shares of EQT from $44.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $49.00 target price on shares of EQT in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, EQT presently has a consensus rating of “Moderate Buy” and an average target price of $49.89.

EQT Price Performance

EQT stock opened at $52.93 on Monday. EQT Co. has a 52 week low of $30.02 and a 52 week high of $53.98. The firm has a market cap of $31.58 billion, a P/E ratio of 63.02 and a beta of 1.12. 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 business’s fifty day moving average is $45.83 and its two-hundred day moving average is $38.79.

EQT (NYSE:EQT) last posted its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.06. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. EQT’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 EPS. Equities research analysts forecast that EQT Co. will post 1.44 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Thomas F. Karam sold 30,154 shares of EQT stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total value of $1,351,803.82. Following the completion of the sale, the director now directly owns 201,608 shares in the company, valued at $9,038,086.64. This trade represents a 13.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.63% of the stock is currently owned by insiders.

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.