EQT Co. (NYSE:EQT) Shares Sold by Savant Capital LLC

Savant Capital LLC cut its stake in shares of EQT Co. (NYSE:EQT) by 1.5% in the fourth quarter, according to its most recent disclosure 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 quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. HM Payson & Co. acquired a new stake in shares of EQT in the third quarter worth approximately $25,000. Truvestments Capital LLC acquired a new stake in EQT during the 3rd quarter worth $30,000. Quarry LP grew its holdings 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 buying an additional 578 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of EQT during the third quarter worth $36,000. Finally, Financial Avengers Inc. lifted its stake in shares of EQT by 100.8% in the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock worth $37,000 after buying an additional 504 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the 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 sale, the director now directly owns 201,608 shares in the company, valued at $9,038,086.64. This represents a 13.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.63% of the stock is owned by corporate insiders.

EQT Stock Performance

NYSE:EQT opened at $52.36 on Thursday. The stock has a market capitalization of $31.24 billion, a P/E ratio of 62.33, a PEG 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 Co. has a fifty-two week low of $30.02 and a fifty-two week high of $54.85. The company has a 50 day moving average price of $48.32 and a 200 day moving average price of $40.73.

EQT Announces Dividend

The company also recently disclosed 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 is Tuesday, February 18th. This represents a $0.63 annualized dividend and a dividend yield of 1.20%. EQT’s dividend payout ratio is presently 75.00%.

Analysts Set New Price Targets

Several brokerages recently issued reports on EQT. StockNews.com raised shares of EQT to a “sell” rating in a research note on Saturday, February 8th. Scotiabank lowered EQT from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the company from $55.00 to $54.00 in a research report on Friday, January 17th. Stephens lifted their price objective on EQT from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Mizuho upgraded EQT from a “neutral” rating to an “outperform” rating and upped their target price for the company from $48.00 to $57.00 in a report on Monday, December 16th. Finally, Jefferies Financial Group raised their target price on EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $51.22.

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.