5,102 Shares in EQT Co. (NYSE:EQT) Bought by Journey Strategic Wealth LLC

Journey Strategic Wealth LLC purchased a new position in EQT Co. (NYSE:EQT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,102 shares of the oil and gas producer’s stock, valued at approximately $235,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in EQT. Wellington Management Group LLP increased its stake in EQT by 38.7% during the third quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer’s stock valued at $2,716,968,000 after purchasing an additional 20,700,921 shares during the last quarter. State Street Corp boosted its holdings in shares of EQT by 24.5% during the third quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer’s stock valued at $1,359,183,000 after acquiring an additional 7,290,822 shares during the period. Modera Wealth Management LLC acquired a new position in shares of EQT during the third quarter valued at $562,494,000. Geode Capital Management LLC boosted its holdings in shares of EQT by 34.4% during the third quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer’s stock valued at $511,159,000 after acquiring an additional 3,582,418 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of EQT by 28.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,013,058 shares of the oil and gas producer’s stock valued at $183,678,000 after acquiring an additional 1,108,134 shares during the period. Institutional investors own 90.81% of the company’s stock.

EQT Trading Up 2.1 %

Shares of NYSE EQT opened at $52.18 on Tuesday. The stock has a market cap of $31.13 billion, a price-to-earnings ratio of 62.12, a PEG ratio of 0.62 and a beta of 1.08. The business has a 50 day simple moving average of $47.32 and a 200 day simple moving average of $39.87. 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.

Analyst Ratings Changes

Several research firms recently weighed in on EQT. JPMorgan Chase & Co. upped their price objective on shares of EQT from $50.00 to $53.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Scotiabank cut shares of EQT from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the stock from $55.00 to $54.00 in a research report on Friday, January 17th. Truist Financial boosted their price objective on EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Sanford C. Bernstein upgraded EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price objective on the stock in a report on Wednesday, January 15th. Finally, Morgan Stanley boosted their price objective on EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $49.94.

Insider Transactions at EQT

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the stock in a transaction 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 transaction, the director now directly owns 201,608 shares of the company’s stock, valued at $9,038,086.64. This represents a 13.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.63% of the stock is currently owned by company insiders.

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.