Hunter Associates Investment Management LLC Has $1.15 Million Holdings in EQT Co. (NYSE:EQT)

Hunter Associates Investment Management LLC trimmed its stake in EQT Co. (NYSE:EQT) by 3.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,000 shares of the oil and gas producer’s stock after selling 1,028 shares during the period. Hunter Associates Investment Management LLC’s holdings in EQT were worth $1,151,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in EQT. HM Payson & Co. bought a new position in EQT during the third quarter valued at about $25,000. Truvestments Capital LLC bought a new stake in EQT in the third quarter valued at about $30,000. Hexagon Capital Partners LLC raised its position in EQT by 18,080.0% in the third quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 904 shares in the last quarter. Quarry LP boosted its holdings in EQT by 184.7% during the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 578 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of EQT in the 3rd quarter valued at approximately $36,000. 90.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EQT. Truist Financial raised their target price on EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. boosted their target price on shares of EQT from $50.00 to $53.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $49.00 target price on shares of EQT in a report on Monday, January 6th. Scotiabank lowered shares of EQT from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the company from $55.00 to $54.00 in a research report on Friday, January 17th. Finally, Bank of America started coverage on shares of EQT in a report on Monday, October 28th. They set a “buy” rating and a $50.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, EQT currently has an average rating of “Moderate Buy” and an average price target of $49.94.

EQT Price Performance

Shares of EQT stock opened at $51.65 on Friday. The firm has a market cap of $30.82 billion, a price-to-earnings ratio of 61.48, a PEG ratio of 0.58 and a beta of 1.12. 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 stock has a 50-day moving average price of $47.12 and a 200 day moving average price of $39.63.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, topping the consensus estimate of $0.06 by $0.06. EQT had a net margin of 5.52% and a return on equity of 3.74%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the company earned $0.30 EPS. EQT’s revenue was up 8.2% on a year-over-year basis. Research analysts expect that EQT Co. will post 1.4 EPS for the current year.

Insiders Place Their Bets

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 201,608 shares in the company, valued at approximately $9,038,086.64. This trade 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. Company insiders own 0.63% of the company’s stock.

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.