Fielder Capital Group LLC Purchases Shares of 89,973 EQT Co. (NYSE:EQT)

Fielder Capital Group LLC acquired a new position in shares of EQT Co. (NYSE:EQT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 89,973 shares of the oil and gas producer’s stock, valued at approximately $4,149,000. EQT makes up approximately 1.3% of Fielder Capital Group LLC’s investment portfolio, making the stock its 25th largest position.

Several other institutional investors and hedge funds have also recently modified their holdings of EQT. Wellington Management Group LLP grew its holdings 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 worth $2,716,968,000 after buying an additional 20,700,921 shares in the last quarter. State Street Corp boosted its holdings in EQT by 24.5% during the 3rd quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer’s stock worth $1,359,183,000 after acquiring an additional 7,290,822 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of EQT by 34.4% in the 3rd quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer’s stock worth $511,159,000 after acquiring an additional 3,582,418 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of EQT by 386.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,347,660 shares of the oil and gas producer’s stock valued at $205,830,000 after purchasing an additional 3,454,741 shares during the last quarter. Finally, Holocene Advisors LP bought a new position in shares of EQT during the third quarter valued at about $97,979,000. 90.81% of the stock is owned by hedge funds and other institutional investors.

EQT Stock Performance

Shares of EQT stock opened at $46.47 on Friday. The firm’s 50 day moving average is $50.06 and its 200 day moving average is $42.21. The stock has a market capitalization of $27.76 billion, a P/E ratio of 116.17, a PEG ratio of 0.64 and a beta of 1.08. EQT Co. has a 12 month low of $30.02 and a 12 month high of $56.66. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37.

EQT (NYSE:EQT) last posted its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.19. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. On average, sell-side analysts anticipate that EQT Co. will post 3.27 earnings per share for the current year.

EQT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid 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 1.36%. EQT’s dividend payout ratio is currently 157.50%.

Analyst Upgrades and Downgrades

EQT has been the subject of several analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $49.00 price objective on shares of EQT in a research note on Monday, January 6th. UBS Group increased their price target on EQT from $54.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their price objective on EQT from $53.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Jefferies Financial Group boosted their price target on shares of EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Finally, The Goldman Sachs Group restated a “reduce” rating on shares of EQT in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $52.39.

Insider Buying and Selling at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of the firm’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 value of $1,351,803.82. Following the completion of the transaction, the director now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.