Hartford Investment Management Co. Sells 713 Shares of EQT Co. (NYSE:EQT)

Hartford Investment Management Co. lowered its stake in shares of EQT Co. (NYSE:EQT) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,861 shares of the oil and gas producer’s stock after selling 713 shares during the period. Hartford Investment Management Co.’s holdings in EQT were worth $1,700,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. CWM LLC lifted its stake in EQT by 16.9% in the third quarter. CWM LLC now owns 13,218 shares of the oil and gas producer’s stock valued at $484,000 after acquiring an additional 1,910 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of EQT by 780.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 6,085 shares of the oil and gas producer’s stock valued at $223,000 after purchasing an additional 5,394 shares during the period. Wesbanco Bank Inc. lifted its stake in EQT by 32.6% in the 3rd quarter. Wesbanco Bank Inc. now owns 8,616 shares of the oil and gas producer’s stock valued at $316,000 after purchasing an additional 2,119 shares during the last quarter. Creative Planning grew its holdings in EQT by 92.6% during the third quarter. Creative Planning now owns 99,480 shares of the oil and gas producer’s stock worth $3,645,000 after purchasing an additional 47,825 shares during the period. Finally, NBC Securities Inc. acquired a new position in EQT during the third quarter worth approximately $501,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on EQT shares. StockNews.com raised EQT to a “sell” rating in a research report on Saturday, February 8th. Piper Sandler lifted their price objective on shares of EQT from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Jefferies Financial Group increased their price objective on shares of EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Mizuho raised shares of EQT from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $48.00 to $57.00 in a report on Monday, December 16th. Finally, Wells Fargo & Company increased their price target on shares of EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $51.89.

EQT Stock Up 1.0 %

EQT stock opened at $52.90 on Friday. 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 company has a market cap of $31.56 billion, a PE ratio of 62.97, a price-to-earnings-growth ratio of 0.62 and a beta of 1.08. The business has a 50-day simple moving average of $48.47 and a 200 day simple moving average of $40.81. EQT Co. has a 52 week low of $30.02 and a 52 week high of $54.85.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Tuesday, February 18th. EQT’s dividend payout ratio is presently 75.00%.

Insider Activity

In related news, Director Thomas F. Karam sold 30,154 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 201,608 shares of the company’s stock, valued at $9,038,086.64. This trade represents a 13.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.63% of the company’s stock.

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.