Mather Group LLC. Acquires 4,687 Shares of EQT Co. (NYSE:EQT)

Mather Group LLC. lifted its holdings in shares of EQT Co. (NYSE:EQT) by 533.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,565 shares of the oil and gas producer’s stock after purchasing an additional 4,687 shares during the quarter. Mather Group LLC.’s holdings in EQT were worth $257,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HM Payson & Co. bought a new position in EQT during the 3rd quarter worth $25,000. Truvestments Capital LLC bought a new position in shares of EQT in the third quarter worth $30,000. Quarry LP raised its stake in EQT by 184.7% in 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. Hexagon Capital Partners LLC lifted its position in EQT by 18,080.0% during 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 during the period. Finally, Brown Brothers Harriman & Co. acquired a new stake in EQT during the third quarter worth about $36,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on EQT shares. Scotiabank lowered shares of EQT from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from $55.00 to $54.00 in a research report on Friday, January 17th. Wells Fargo & Company lifted their price target on EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Citigroup boosted their price target on EQT from $44.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Stephens lifted their target price on EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley increased their target price on shares of EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $49.94.

EQT Price Performance

Shares of EQT opened at $51.36 on Friday. The stock has a market cap of $30.65 billion, a P/E ratio of 61.14, a P/E/G ratio of 0.62 and a beta of 1.08. The business’s fifty day moving average is $47.73 and its 200 day moving average is $40.19. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. EQT Co. has a 12-month low of $30.02 and a 12-month high of $54.85.

EQT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.23%. EQT’s dividend payout ratio is currently 75.00%.

Insider Transactions at EQT

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 201,608 shares of the company’s stock, valued at approximately $9,038,086.64. The trade was a 13.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.63% of the stock is currently owned by insiders.

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.