Callahan Advisors LLC Grows Stock Holdings in EQT Co. (NYSE:EQT)

Callahan Advisors LLC raised its position in EQT Co. (NYSE:EQT) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 335,946 shares of the oil and gas producer’s stock after acquiring an additional 6,744 shares during the quarter. EQT makes up 1.5% of Callahan Advisors LLC’s investment portfolio, making the stock its 23rd largest position. Callahan Advisors LLC owned 0.06% of EQT worth $15,490,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB boosted its stake in 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 worth $218,000 after acquiring an additional 223 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake 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 in the last quarter. Radnor Capital Management LLC boosted its stake in 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 worth $2,810,000 after acquiring an additional 237 shares in the last quarter. Waldron Private Wealth LLC lifted its stake in shares of 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 buying an additional 251 shares in the last quarter. Finally, Greenleaf Trust lifted its stake in shares of EQT by 1.8% in the fourth quarter. Greenleaf Trust now owns 19,477 shares of the oil and gas producer’s stock worth $898,000 after buying an additional 349 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

EQT has been the topic of several analyst reports. Mizuho upgraded shares of EQT from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $48.00 to $57.00 in a research note on Monday, December 16th. Jefferies Financial Group upped their target price on shares of EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Wells Fargo & Company upped their target price on shares of EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. UBS Group upped their target price on shares of EQT from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Finally, Morgan Stanley upped their target price on shares of EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, EQT currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.89.

Insider Buying and Selling at EQT

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the completion of the sale, the director now directly owns 201,608 shares of the company’s stock, valued at approximately $9,038,086.64. This represents a 13.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.63% of the stock is owned by corporate insiders.

EQT Stock Up 1.2 %

Shares of EQT stock opened at $53.49 on Tuesday. EQT Co. has a 12 month low of $30.02 and a 12 month high of $54.85. The stock has a market cap of $31.91 billion, a P/E ratio of 63.67, a P/E/G ratio of 0.62 and a beta of 1.08. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. The company has a 50 day simple moving average of $48.85 and a two-hundred day simple moving average of $41.12.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.1575 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a yield of 1.18%. EQT’s dividend payout ratio is currently 75.00%.

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.