Miller Howard Investments Inc. NY Sells 4,497 Shares of EQT Co. (NYSE:EQT)

Miller Howard Investments Inc. NY reduced its holdings in shares of EQT Co. (NYSE:EQT) by 5.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,998 shares of the oil and gas producer’s stock after selling 4,497 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in EQT were worth $3,412,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stephens Inc. AR grew its position in EQT by 4.1% in the fourth quarter. Stephens Inc. AR now owns 14,983 shares of the oil and gas producer’s stock valued at $691,000 after purchasing an additional 588 shares in the last quarter. Quotient Wealth Partners LLC acquired a new position in shares of EQT during the 4th quarter worth about $224,000. Entropy Technologies LP bought a new position in shares of EQT in the 4th quarter valued at about $3,008,000. Wilmington Savings Fund Society FSB increased its position in shares of EQT by 4.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer’s stock valued at $218,000 after acquiring an additional 223 shares during the last quarter. Finally, Apollon Wealth Management LLC bought a new stake in EQT during the fourth quarter worth about $302,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EQT. Sanford C. Bernstein raised EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price target on the stock in a research report on Wednesday, January 15th. StockNews.com raised shares of EQT to a “sell” rating in a research report on Saturday. Wells Fargo & Company lifted their price objective on shares of EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Stephens upped their target price on shares of EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, Bank of America initiated coverage on shares of EQT in a research note on Monday, October 28th. They issued a “buy” rating and a $50.00 target price for the company. 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. According to data from MarketBeat.com, EQT has an average rating of “Moderate Buy” and a consensus price target of $49.94.

EQT Price Performance

Shares of EQT stock opened at $51.11 on Friday. The company has a 50-day simple moving average of $47.96 and a two-hundred day simple moving average of $40.38. EQT Co. has a twelve month low of $30.02 and a twelve month high of $54.85. The stock has a market capitalization of $30.50 billion, a price-to-earnings ratio of 60.84, a price-to-earnings-growth ratio of 0.62 and a beta of 1.08. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65.

EQT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors 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 yield of 1.23%. The ex-dividend date is Tuesday, February 18th. EQT’s dividend payout ratio is currently 75.00%.

Insiders Place Their Bets

In other news, Director Thomas F. Karam sold 30,154 shares of the stock in a transaction on 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 directly owns 201,608 shares of the company’s stock, valued at approximately $9,038,086.64. This represents a 13.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.63% of the company’s stock.

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.