EQT Co. (NYSE:EQT) Holdings Cut by Empowered Funds LLC

Empowered Funds LLC reduced its stake in EQT Co. (NYSE:EQT) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 194,890 shares of the oil and gas producer’s stock after selling 1,553 shares during the period. Empowered Funds LLC’s holdings in EQT were worth $8,986,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in EQT. HM Payson & Co. bought a new position in EQT during the 3rd quarter worth $25,000. Truvestments Capital LLC acquired a new position in shares of EQT during the third quarter valued at $30,000. Quarry LP grew its position 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 acquiring an additional 578 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of EQT in the 3rd quarter worth about $36,000. Finally, Financial Avengers Inc. lifted its position in EQT by 100.8% in the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 504 shares during the last quarter. 90.81% of the stock is owned by institutional investors.

Insider Activity

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.63% of the stock is currently owned by company insiders.

EQT Price Performance

NYSE EQT opened at $51.11 on Monday. EQT Co. has a 1 year low of $30.02 and a 1 year high of $54.85. The business’s fifty day moving average is $47.96 and its two-hundred day moving average is $40.42. The stock has a market capitalization of $30.50 billion, a P/E ratio of 60.84, a P/E/G ratio of 0.62 and a beta of 1.08. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51.

EQT Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Bank of America assumed coverage on shares of EQT in a research note on Monday, October 28th. They issued a “buy” rating and a $50.00 price target on the stock. Mizuho upgraded EQT from a “neutral” rating to an “outperform” rating and raised their target price for the company from $48.00 to $57.00 in a research report on Monday, December 16th. Wells Fargo & Company boosted their price target on EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Scotiabank lowered EQT from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $55.00 to $54.00 in a report on Friday, January 17th. Finally, UBS Group upped 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 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.