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

Autumn Glory Partners LLC lowered its position in EQT Co. (NYSE:EQT) by 53.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,855 shares of the oil and gas producer’s stock after selling 6,742 shares during the quarter. Autumn Glory Partners LLC’s holdings in EQT were worth $270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sanctuary Advisors LLC boosted its stake in EQT by 104.7% in the third quarter. Sanctuary Advisors LLC now owns 63,507 shares of the oil and gas producer’s stock worth $2,327,000 after buying an additional 32,484 shares in the last quarter. Retirement Systems of Alabama boosted its stake in shares of EQT by 36.7% during the third quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer’s stock valued at $4,878,000 after purchasing an additional 35,733 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of EQT by 44.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,555 shares of the oil and gas producer’s stock valued at $2,379,000 after purchasing an additional 16,416 shares during the period. FMR LLC boosted its stake in shares of EQT by 2.5% during the third quarter. FMR LLC now owns 1,133,197 shares of the oil and gas producer’s stock valued at $41,520,000 after purchasing an additional 28,129 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of EQT by 15.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 41,508 shares of the oil and gas producer’s stock valued at $1,914,000 after purchasing an additional 5,489 shares during the period. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Insider Transactions at EQT

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 value 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EQT shares. Morgan Stanley increased their price objective on EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. The Goldman Sachs Group increased their price objective on EQT from $59.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday. Sanford C. Bernstein raised EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price objective for the company in a research note on Wednesday, January 15th. Bank of America started coverage on EQT in a research note on Monday, October 28th. They set a “buy” rating and a $50.00 price objective for the company. Finally, 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $51.89.

EQT Price Performance

EQT opened at $53.49 on Friday. The stock has a fifty day simple moving average of $48.64 and a two-hundred day simple moving average of $40.89. 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 company has a market cap of $31.91 billion, a price-to-earnings ratio of 63.67, a price-to-earnings-growth ratio of 0.62 and a beta of 1.08. EQT Co. has a 12-month low of $30.02 and a 12-month high of $54.85.

EQT Announces Dividend

The company also recently disclosed 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. The ex-dividend date 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 (DPR) is 75.00%.

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.