Miller Howard Investments Inc. NY Has $3.41 Million Holdings in EQT Co. (NYSE:EQT)

Miller Howard Investments Inc. NY decreased its holdings in shares of EQT Co. (NYSE:EQT) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,998 shares of the oil and gas producer’s stock after selling 4,497 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in EQT were worth $3,412,000 at the end of the most recent quarter.

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

EQT Price Performance

EQT stock opened at $51.11 on Friday. EQT Co. has a 1 year low of $30.02 and a 1 year high of $54.85. The stock has a market capitalization of $30.50 billion, a PE ratio of 60.84, a price-to-earnings-growth ratio of 0.62 and a beta of 1.08. The company’s 50-day moving average is $47.96 and its 200-day moving average is $40.38. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a $0.1575 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a yield of 1.23%. EQT’s dividend payout ratio (DPR) is presently 75.00%.

Insider Transactions at EQT

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the business’s stock in a transaction 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 approximately $9,038,086.64. The trade was a 13.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.63% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have commented on EQT shares. Morgan Stanley increased their target price on EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Wells Fargo & Company lifted their target price on shares of EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Sanford C. Bernstein upgraded shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price target for the company in a research report on Wednesday, January 15th. Jefferies Financial Group lifted their price target on shares of EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Finally, 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, EQT has an average rating of “Moderate Buy” and a consensus target price of $49.94.

EQT 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.