Bradley Foster & Sargent Inc. CT Purchases 16,204 Shares of EQT Co. (NYSE:EQT)

Bradley Foster & Sargent Inc. CT increased its holdings in shares of EQT Co. (NYSE:EQT) by 31.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,004 shares of the oil and gas producer’s stock after acquiring an additional 16,204 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in EQT were worth $3,090,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. ING Groep NV bought a new stake in shares of EQT during the fourth quarter worth $9,149,000. Ieq Capital LLC acquired a new position in EQT during the 4th quarter worth about $227,000. Abacus Planning Group Inc. bought a new stake in EQT during the 4th quarter worth about $207,000. Alberta Investment Management Corp acquired a new stake in EQT in the 4th quarter valued at about $1,582,000. Finally, Global Retirement Partners LLC raised its stake in shares of EQT by 86.3% in the fourth quarter. Global Retirement Partners LLC now owns 2,696 shares of the oil and gas producer’s stock worth $124,000 after acquiring an additional 1,249 shares during the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on EQT shares. Citigroup increased their price target 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. Jefferies Financial Group increased their price objective on EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Piper Sandler lifted their price objective on EQT from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Truist Financial upped their target price on shares of EQT from $41.00 to $56.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Finally, The Goldman Sachs Group increased their price target on shares of EQT from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. One investment 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. According to data from MarketBeat.com, EQT currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.17.

EQT Stock Performance

Shares of EQT stock opened at $50.15 on Friday. The company has a fifty day moving average price of $49.57 and a two-hundred day moving average price of $41.58. EQT Co. has a one year low of $30.02 and a one year high of $56.66. The stock has a market cap of $29.92 billion, a P/E ratio of 125.37, a P/E/G ratio of 0.66 and a beta of 1.08. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51.

EQT (NYSE:EQT) last issued its 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 business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.82%. As a group, equities analysts predict that EQT Co. will post 3.27 EPS for the current year.

EQT Announces Dividend

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

Insider Buying and Selling at EQT

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the stock in a transaction dated 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 directly owns 201,608 shares of the company’s stock, valued at $9,038,086.64. This represents a 13.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.63% of the company’s stock.

EQT 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.