Stephens Inc. AR Has $691,000 Stock Position in EQT Co. (NYSE:EQT)

Stephens Inc. AR raised its holdings in EQT Co. (NYSE:EQT) by 4.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 14,983 shares of the oil and gas producer’s stock after acquiring an additional 588 shares during the quarter. Stephens Inc. AR’s holdings in EQT were worth $691,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB grew its holdings in EQT by 4.9% in 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 purchasing an additional 223 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of EQT by 15.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer’s stock valued at $79,000 after buying an additional 236 shares in the last quarter. Radnor Capital Management LLC lifted its stake in shares of EQT by 0.4% in 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 buying 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 valued at $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 valued at $898,000 after buying an additional 349 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EQT has been the topic of a number of recent research reports. Citigroup raised 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. Wells Fargo & Company raised their price objective on shares of EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Mizuho raised shares of EQT from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $48.00 to $57.00 in a research note on Monday, December 16th. Morgan Stanley raised their price objective on shares of EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Finally, UBS Group raised their price target on shares of EQT from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $51.89.

EQT Stock Performance

Shares of EQT stock opened at $52.90 on Friday. The firm has a market cap of $31.56 billion, a price-to-earnings ratio of 62.97, a P/E/G ratio of 0.62 and a beta of 1.08. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51. EQT Co. has a 52 week low of $30.02 and a 52 week high of $54.85. The firm’s 50-day simple moving average is $48.47 and its two-hundred day simple moving average is $40.81.

EQT Announces Dividend

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

Insiders Place Their Bets

In other news, Director Thomas F. Karam sold 30,154 shares of EQT 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 completion of the transaction, the director now 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.