EQT Co. (NYSE:EQT) Shares Sold by V Square Quantitative Management LLC

V Square Quantitative Management LLC trimmed its stake in EQT Co. (NYSE:EQT) by 26.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,934 shares of the oil and gas producer’s stock after selling 2,140 shares during the period. V Square Quantitative Management LLC’s holdings in EQT were worth $274,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Catalyst Financial Partners LLC raised its stake in shares of EQT by 6.9% in the 4th quarter. Catalyst Financial Partners LLC now owns 6,449 shares of the oil and gas producer’s stock valued at $297,000 after acquiring an additional 414 shares during the period. Asset Management One Co. Ltd. raised its stake in shares of EQT by 1.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 216,430 shares of the oil and gas producer’s stock valued at $9,592,000 after acquiring an additional 3,669 shares during the period. MTM Investment Management LLC raised its stake in shares of EQT by 36.3% in the 4th quarter. MTM Investment Management LLC now owns 11,381 shares of the oil and gas producer’s stock valued at $525,000 after acquiring an additional 3,029 shares during the period. Van ECK Associates Corp raised its stake in shares of EQT by 18.2% in the 4th quarter. Van ECK Associates Corp now owns 659,534 shares of the oil and gas producer’s stock valued at $30,411,000 after acquiring an additional 101,762 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of EQT by 386.9% in the 4th 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 acquiring an additional 3,454,741 shares during the period. 90.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 201,608 shares of the company’s stock, valued at approximately $9,038,086.64. This trade represents a 13.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.63% of the company’s stock.

EQT Trading Up 1.2 %

Shares of EQT stock opened at $53.49 on Monday. The company has a fifty day simple moving average of $48.85 and a 200-day simple moving average of $41.07. EQT Co. has a 12-month low of $30.02 and a 12-month high of $54.85. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. The stock has a market cap of $31.91 billion, a price-to-earnings ratio of 63.67, a PEG ratio of 0.62 and a beta of 1.08.

EQT Dividend Announcement

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 issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Tuesday, February 18th. EQT’s payout ratio is 75.00%.

Wall Street Analysts Forecast Growth

EQT has been the topic of a number of research analyst reports. Scotiabank downgraded shares of EQT from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the company from $55.00 to $54.00 in a research note on Friday, January 17th. Morgan Stanley upped their target price on shares of EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Stephens upped their target price on shares of EQT from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Bank of America initiated coverage on shares of EQT in a research note on Monday, October 28th. They set a “buy” rating and a $50.00 target price on the stock. Finally, Piper Sandler upped their target price on shares of EQT from $34.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average 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.