Empowered Funds LLC Has $8.99 Million Position in EQT Co. (NYSE:EQT)

Empowered Funds LLC lessened its stake in EQT Co. (NYSE:EQT) by 0.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 194,890 shares of the oil and gas producer’s stock after selling 1,553 shares during the quarter. Empowered Funds LLC’s holdings in EQT were worth $8,986,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB raised its holdings in shares of EQT by 4.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer’s stock worth $218,000 after acquiring an additional 223 shares in the last quarter. Apollon Wealth Management LLC acquired a new position in EQT in the 4th quarter worth about $302,000. Conning Inc. purchased a new stake in shares of EQT during the 4th quarter worth about $297,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of EQT by 3.0% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 61,032 shares of the oil and gas producer’s stock valued at $2,814,000 after buying an additional 1,763 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its stake in shares of EQT by 15.9% in the 4th quarter. Bleakley Financial Group LLC now owns 28,396 shares of the oil and gas producer’s stock valued at $1,309,000 after buying an additional 3,899 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EQT. UBS Group raised their price objective on shares of EQT from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Sanford C. Bernstein raised shares of 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. Truist Financial increased their target price on shares of EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Scotiabank lowered EQT from a “sector outperform” rating to a “sector perform” rating and cut their target price for the company from $55.00 to $54.00 in a report on Friday, January 17th. Finally, StockNews.com upgraded EQT to a “sell” rating in a research note on Saturday. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $49.94.

Insider Buying and Selling

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 201,608 shares in the company, valued at approximately $9,038,086.64. This trade represents a 13.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.63% of the stock is owned by company insiders.

EQT Trading Down 0.6 %

Shares of EQT stock opened at $51.11 on Monday. The firm has a market capitalization of $30.50 billion, a P/E ratio of 60.84, a price-to-earnings-growth ratio of 0.62 and a beta of 1.08. EQT Co. has a 1 year low of $30.02 and a 1 year high of $54.85. The firm’s fifty day simple moving average is $47.96 and its 200 day simple moving average is $40.42. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be paid a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Tuesday, February 18th. EQT’s payout ratio is presently 75.00%.

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.