Stonebridge Financial Group LLC Invests $55,000 in EQT Co. (NYSE:EQT)

Stonebridge Financial Group LLC purchased a new stake in EQT Co. (NYSE:EQT) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 1,196 shares of the oil and gas producer’s stock, valued at approximately $55,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB raised its holdings in shares of EQT by 4.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer’s stock valued at $218,000 after acquiring an additional 223 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of 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 purchasing an additional 236 shares in the last quarter. Radnor Capital Management LLC raised its stake 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 valued at $2,810,000 after purchasing an additional 237 shares during the last quarter. Waldron Private Wealth LLC lifted its holdings in EQT by 0.7% in the 4th quarter. Waldron Private Wealth LLC now owns 37,323 shares of the oil and gas producer’s stock valued at $1,721,000 after purchasing an additional 251 shares in the last quarter. Finally, Greenleaf Trust boosted its stake in EQT by 1.8% during the 4th quarter. Greenleaf Trust now owns 19,477 shares of the oil and gas producer’s stock worth $898,000 after purchasing an additional 349 shares during the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of the firm’s stock in a transaction on 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 completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.63% of the stock is owned by insiders.

EQT Trading Up 1.0 %

Shares of EQT stock opened at $52.90 on Friday. EQT Co. has a 1-year low of $30.02 and a 1-year high of $54.85. The firm has a market cap of $31.56 billion, a PE ratio of 62.97, a price-to-earnings-growth ratio of 0.62 and a beta of 1.08. The company has a 50-day moving average of $48.47 and a two-hundred day moving average of $40.81. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a $0.1575 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.63 annualized dividend and a yield of 1.19%. EQT’s dividend payout ratio (DPR) is presently 75.00%.

Analyst Ratings Changes

A number of brokerages have recently commented on EQT. StockNews.com upgraded shares of EQT to a “sell” rating in a research report on Saturday, February 8th. Scotiabank lowered shares of EQT from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $55.00 to $54.00 in a research note on Friday, January 17th. Wells Fargo & Company upped their price target on EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Jefferies Financial Group lifted their price objective on EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Finally, Sanford C. Bernstein raised EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price objective on the stock in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $51.89.

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.