Janney Montgomery Scott LLC Buys 19,025 Shares of EQT Co. (NYSE:EQT)

Janney Montgomery Scott LLC boosted its holdings in shares of EQT Co. (NYSE:EQT) by 8.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 234,183 shares of the oil and gas producer’s stock after acquiring an additional 19,025 shares during the quarter. Janney Montgomery Scott LLC’s holdings in EQT were worth $10,798,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of EQT. HM Payson & Co. purchased a new position in EQT during the 3rd quarter valued at $25,000. Truvestments Capital LLC purchased a new stake in shares of EQT in the 3rd quarter worth $30,000. Hexagon Capital Partners LLC lifted its holdings in shares of EQT by 18,080.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 904 shares during the period. Quarry LP lifted its holdings in shares of EQT by 184.7% in the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 578 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of EQT in the 3rd quarter worth $36,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Insider Activity

In related news, Director Thomas F. Karam sold 30,154 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total value 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 approximately $9,038,086.64. This trade represents a 13.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.63% of the company’s stock.

EQT Stock Performance

NYSE EQT opened at $53.78 on Monday. The company has a market cap of $32.09 billion, a PE ratio of 64.03 and a beta of 1.12. The stock’s 50 day simple moving average is $46.84 and its 200-day simple moving average is $39.37. EQT Co. has a 1-year low of $30.02 and a 1-year high of $54.85. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51.

EQT (NYSE:EQT) last released its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 3.74% and a net margin of 5.52%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 earnings per share. As a group, equities research analysts anticipate that EQT Co. will post 1.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EQT. StockNews.com upgraded EQT to a “sell” rating in a research note on Monday, December 30th. Citigroup increased their price objective on EQT from $44.00 to $51.00 and gave the company a “buy” rating in a report on Friday, December 6th. JPMorgan Chase & Co. increased their price objective on EQT from $50.00 to $53.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. BMO Capital Markets upped their target price on EQT from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Finally, Stephens upped their target price on EQT from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $49.89.

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.