Autumn Glory Partners LLC Cuts Stake in EQT Co. (NYSE:EQT)

Autumn Glory Partners LLC reduced its stake in EQT Co. (NYSE:EQT) by 53.5% during the fourth quarter, HoldingsChannel reports. The fund owned 5,855 shares of the oil and gas producer’s stock after selling 6,742 shares during the period. Autumn Glory Partners LLC’s holdings in EQT were worth $270,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP boosted its position in shares of EQT by 38.7% during the third quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer’s stock valued at $2,716,968,000 after buying an additional 20,700,921 shares during the last quarter. Modera Wealth Management LLC purchased a new stake in shares of EQT during the third quarter valued at $562,494,000. State Street Corp boosted its position in shares of EQT by 24.5% during the third quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer’s stock valued at $1,359,183,000 after buying an additional 7,290,822 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of EQT by 34.4% during the third quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer’s stock valued at $511,159,000 after buying an additional 3,582,418 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of EQT by 386.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,347,660 shares of the oil and gas producer’s stock valued at $205,830,000 after buying an additional 3,454,741 shares during the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

EQT Stock Up 1.2 %

EQT stock opened at $53.49 on Friday. EQT Co. has a twelve month low of $30.02 and a twelve month high of $54.85. 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 stock has a market cap of $31.91 billion, a P/E ratio of 63.67, a PEG ratio of 0.62 and a beta of 1.08. The business’s 50-day moving average price is $48.64 and its 200-day moving average price is $40.89.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued 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 1.18%. EQT’s dividend payout ratio is presently 75.00%.

Insider Buying and Selling

In related news, Director Thomas F. Karam sold 30,154 shares of the business’s 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 transaction, the director now directly owns 201,608 shares of the company’s stock, valued at approximately $9,038,086.64. The trade was a 13.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.63% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Bank of America assumed coverage on EQT in a research report on Monday, October 28th. They set a “buy” rating and a $50.00 price objective on the stock. Citigroup raised their target price on EQT from $44.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Sanford C. Bernstein raised EQT from a “market perform” rating to an “outperform” rating and set a $73.00 target price on the stock in a research report on Wednesday, January 15th. JPMorgan Chase & Co. raised their target price on EQT from $50.00 to $53.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $49.00 target price on shares of EQT in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, EQT has a consensus rating of “Moderate Buy” and an average target price of $51.89.

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.