Capital Advisors Inc. OK Raises Holdings in EQT Co. (NYSE:EQT)

Capital Advisors Inc. OK lifted its stake in EQT Co. (NYSE:EQT) by 28.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 903,826 shares of the oil and gas producer’s stock after buying an additional 199,927 shares during the quarter. Capital Advisors Inc. OK owned approximately 0.15% of EQT worth $40,792,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB boosted its stake in shares of EQT by 4.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer’s stock worth $218,000 after buying an additional 223 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in EQT by 15.9% during the fourth 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 in the last quarter. Radnor Capital Management LLC boosted its position 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 purchasing an additional 237 shares in the last quarter. Waldron Private Wealth LLC boosted its position in EQT by 0.7% during the fourth quarter. Waldron Private Wealth LLC now owns 37,323 shares of the oil and gas producer’s stock worth $1,721,000 after purchasing an additional 251 shares in the last quarter. Finally, Greenleaf Trust boosted its position in EQT by 1.8% during the fourth quarter. Greenleaf Trust now owns 19,477 shares of the oil and gas producer’s stock worth $898,000 after purchasing an additional 349 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EQT. Jefferies Financial Group increased their price target on EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Morgan Stanley increased their price target on EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Wells Fargo & Company increased their price target on EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Scotiabank downgraded EQT from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the stock from $55.00 to $54.00 in a research report on Friday, January 17th. Finally, UBS Group raised their target price on EQT from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, EQT presently has an average rating of “Moderate Buy” and an average target price of $49.94.

EQT Price Performance

NYSE:EQT opened at $53.87 on Wednesday. EQT Co. has a one year low of $30.02 and a one year high of $54.85. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a market cap of $32.15 billion, a PE ratio of 64.14, a P/E/G ratio of 0.62 and a beta of 1.08. The stock has a 50 day moving average price of $48.14 and a 200 day moving average price of $40.59.

EQT Announces Dividend

The firm 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 dividend of $0.1575 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.63 annualized dividend and a yield of 1.17%. EQT’s dividend payout ratio (DPR) is 75.00%.

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.