Savant Capital LLC Decreases Stake in EQT Co. (NYSE:EQT)

Savant Capital LLC trimmed its position in shares of EQT Co. (NYSE:EQT) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 60,830 shares of the oil and gas producer’s stock after selling 954 shares during the period. Savant Capital LLC’s holdings in EQT were worth $2,805,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in EQT. HM Payson & Co. acquired a new position in EQT during the 3rd quarter worth approximately $25,000. Truvestments Capital LLC purchased a new stake in shares of EQT during the 3rd quarter worth $30,000. Quarry LP grew its stake in shares of EQT by 184.7% during the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 578 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in EQT in the third quarter valued at $36,000. Finally, Financial Avengers Inc. raised its stake in EQT by 100.8% in the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock valued at $37,000 after buying an additional 504 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Insider Buying and Selling at EQT

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

Wall Street Analysts Forecast Growth

EQT has been the subject of several analyst reports. Wells Fargo & Company upped their price objective on EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. StockNews.com raised EQT to a “sell” rating in a report on Saturday, February 8th. 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. Truist Financial upped their target price on shares of EQT from $41.00 to $56.00 and gave the company a “hold” rating in a report on Monday, January 13th. Finally, Morgan Stanley lifted their price target on shares of EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $51.22.

EQT Trading Down 2.6 %

Shares of EQT stock opened at $52.36 on Thursday. The company has a market capitalization of $31.24 billion, a P/E ratio of 62.33, a price-to-earnings-growth ratio of 0.62 and a beta of 1.08. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $48.32 and its two-hundred day moving average is $40.73. EQT Co. has a twelve month low of $30.02 and a twelve month high of $54.85.

EQT Dividend Announcement

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 annualized dividend and a yield of 1.20%. EQT’s dividend payout ratio is currently 75.00%.

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.