Lionsbridge Wealth Management LLC Takes Position in EQT Co. (NYSE:EQT)

Lionsbridge Wealth Management LLC acquired a new stake in shares of EQT Co. (NYSE:EQT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 8,650 shares of the oil and gas producer’s stock, valued at approximately $399,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQT. MassMutual Private Wealth & Trust FSB grew its stake in shares of EQT by 15.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer’s stock worth $79,000 after purchasing an additional 236 shares during the last quarter. Radnor Capital Management LLC boosted its holdings in EQT by 0.4% during the fourth quarter. Radnor Capital Management LLC now owns 60,948 shares of the oil and gas producer’s stock worth $2,810,000 after buying an additional 237 shares in the last quarter. Davis Investment Partners LLC boosted its holdings in EQT by 1.0% during the third quarter. Davis Investment Partners LLC now owns 30,908 shares of the oil and gas producer’s stock worth $1,137,000 after buying an additional 317 shares in the last quarter. J.W. Cole Advisors Inc. grew its position in EQT by 7.4% in the third quarter. J.W. Cole Advisors Inc. now owns 6,121 shares of the oil and gas producer’s stock worth $224,000 after buying an additional 421 shares during the last quarter. Finally, Financial Avengers Inc. increased its holdings in shares of EQT by 100.8% in the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock valued at $37,000 after buying an additional 504 shares in the last quarter. Institutional investors own 90.81% of the company’s stock.

EQT Trading Down 1.6 %

Shares of NYSE EQT opened at $52.93 on Monday. The business has a 50 day simple moving average of $45.83 and a 200 day simple moving average of $38.79. EQT Co. has a 52 week low of $30.02 and a 52 week high of $53.98. The stock has a market cap of $31.58 billion, a price-to-earnings ratio of 63.02 and a beta of 1.12. 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 (NYSE:EQT) last posted its 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. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 earnings per share. On average, research analysts predict that EQT Co. will post 1.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EQT. Scotiabank cut EQT from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $55.00 to $54.00 in a report on Friday. Jefferies Financial Group lifted their price target on EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $49.00 price objective on shares of EQT in a research note on Monday, January 6th. Truist Financial lifted their target price on shares of EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Finally, Mizuho upgraded shares of EQT from a “neutral” rating to an “outperform” rating and upped their price target for the company from $48.00 to $57.00 in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $49.89.

Insiders Place Their Bets

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the company’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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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.