Lewis Asset Management LLC Has $938,000 Stake in EQT Co. (NYSE:EQT)

Lewis Asset Management LLC decreased its holdings in shares of EQT Co. (NYSE:EQT) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,337 shares of the oil and gas producer’s stock after selling 602 shares during the quarter. Lewis Asset Management LLC’s holdings in EQT were worth $938,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. HM Payson & Co. bought a new position in EQT during the 3rd quarter worth approximately $25,000. Truvestments Capital LLC bought a new position in EQT during the 3rd quarter worth approximately $30,000. Hexagon Capital Partners LLC boosted its stake in EQT by 18,080.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 904 shares during the last quarter. Quarry LP boosted its stake in EQT by 184.7% during the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 578 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in EQT in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

Insider Buying and Selling

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 201,608 shares in the company, valued at $9,038,086.64. The trade was a 13.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.63% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

EQT has been the topic of a number of research reports. Truist Financial lifted their price target on shares of EQT from $41.00 to $56.00 and gave the company a “hold” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. lifted their price target on shares of EQT from $50.00 to $53.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Jefferies Financial Group lifted their price target on shares of EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Sanford C. Bernstein raised shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price target on the stock in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company lifted their price target on shares of EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $49.94.

EQT Price Performance

Shares of EQT opened at $50.68 on Thursday. The company has a market cap of $30.24 billion, a price-to-earnings ratio of 60.34 and a beta of 1.12. EQT Co. has a 1-year low of $30.02 and a 1-year high of $54.85. The company’s fifty day simple moving average is $47.04 and its 200 day simple moving average is $39.55. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. The business had revenue of $1.28 billion for 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 firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 earnings per share. On average, research analysts forecast that EQT Co. will post 1.42 earnings per share for the current fiscal year.

About EQT

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.