Calamos Advisors LLC Makes New Investment in EQT Co. (NYSE:EQT)

Calamos Advisors LLC purchased a new stake in shares of EQT Co. (NYSE:EQT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 219,688 shares of the oil and gas producer’s stock, valued at approximately $10,130,000.

Several other institutional investors have also modified their holdings of EQT. MassMutual Private Wealth & Trust FSB boosted its position in EQT by 15.9% during the 4th 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 raised its stake in shares of EQT by 0.4% during 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 purchasing an additional 237 shares in the last quarter. Waldron Private Wealth LLC lifted its holdings 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 worth $1,721,000 after purchasing an additional 251 shares during the period. Greenleaf Trust grew its position in EQT by 1.8% in the 4th quarter. Greenleaf Trust now owns 19,477 shares of the oil and gas producer’s stock valued at $898,000 after buying an additional 349 shares in the last quarter. Finally, Resonant Capital Advisors LLC increased its stake in EQT by 1.3% during the 4th quarter. Resonant Capital Advisors LLC now owns 29,968 shares of the oil and gas producer’s stock valued at $1,382,000 after buying an additional 394 shares during the period. Institutional investors own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

EQT has been the subject of several recent analyst reports. Mizuho upgraded shares of EQT from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $48.00 to $57.00 in a report on Monday, December 16th. Bank of America initiated coverage on EQT in a research report on Monday, October 28th. They set a “buy” rating and a $50.00 price target on the stock. UBS Group upped their price objective on EQT from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Jefferies Financial Group lifted their target price on EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Finally, StockNews.com raised shares of EQT to a “sell” rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, seven have assigned 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 a consensus price target of $49.94.

EQT Price Performance

EQT opened at $52.15 on Wednesday. EQT Co. has a 12-month low of $30.02 and a 12-month high of $54.85. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $31.12 billion, a P/E ratio of 62.09, a PEG ratio of 0.62 and a beta of 1.08. The stock has a fifty day moving average of $47.44 and a 200-day moving average of $39.99.

Insider Buying and Selling

In other news, Director Thomas F. Karam sold 30,154 shares of the company’s 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 transaction, the director now owns 201,608 shares in the company, valued at $9,038,086.64. This represents a 13.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.63% of the company’s stock.

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.