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

Lewis Asset Management LLC cut its position in EQT Co. (NYSE:EQT) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sanctuary Advisors LLC boosted its holdings in EQT by 104.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 63,507 shares of the oil and gas producer’s stock valued at $2,327,000 after purchasing an additional 32,484 shares during the period. Retirement Systems of Alabama boosted its holdings in EQT by 36.7% in the 3rd quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer’s stock valued at $4,878,000 after purchasing an additional 35,733 shares during the period. FMR LLC boosted its holdings in EQT by 2.5% in the 3rd quarter. FMR LLC now owns 1,133,197 shares of the oil and gas producer’s stock valued at $41,520,000 after purchasing an additional 28,129 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in EQT by 15.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 41,508 shares of the oil and gas producer’s stock valued at $1,914,000 after purchasing an additional 5,489 shares during the period. Finally, Howard Financial Services LTD. bought a new stake in EQT in the 4th quarter valued at $223,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of EQT stock in a transaction that occurred on Tuesday, December 3rd. The shares were 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 in the company, valued at $9,038,086.64. The trade was a 13.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.63% of the company’s stock.

EQT Trading Up 1.6 %

Shares of EQT stock opened at $50.68 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $30.24 billion, a P/E ratio of 60.34 and a beta of 1.12. EQT Co. has a 12-month low of $30.02 and a 12-month high of $54.85. The firm has a 50-day moving average price of $47.04 and a 200 day moving average price of $39.55.

EQT (NYSE:EQT) last posted its quarterly earnings data 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 firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 EPS. Research analysts forecast that EQT Co. will post 1.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on EQT shares. Stephens increased their price target on shares of EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Truist Financial raised their price objective on shares of EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Citigroup raised their price objective on shares of EQT from $44.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, December 6th. StockNews.com raised shares of EQT to a “sell” rating in a report on Monday, December 30th. Finally, UBS Group raised their price objective on shares of EQT from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. One equities research 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’s stock. According to data from MarketBeat, EQT currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.94.

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.