Fiera Capital Corp Reduces Holdings in EQT Co. (NYSE:EQT)

Fiera Capital Corp lowered its stake in EQT Co. (NYSE:EQT) by 1.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 687,550 shares of the oil and gas producer’s stock after selling 12,805 shares during the quarter. Fiera Capital Corp owned approximately 0.12% of EQT worth $31,703,000 as of its most recent filing with the SEC.

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

Insider Activity

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total value of $1,351,803.82. Following the transaction, the director now owns 201,608 shares in the company, valued at $9,038,086.64. The trade was a 13.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Piper Sandler lifted their price objective on EQT from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. StockNews.com raised shares of EQT to a “sell” rating in a research note on Saturday, February 8th. Wells Fargo & Company raised their target price on shares of EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group upped their price target on shares of EQT from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. increased their price target on shares of EQT from $50.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, EQT presently has an average rating of “Moderate Buy” and an average price target of $51.89.

EQT Stock Performance

EQT stock opened at $52.90 on Friday. The firm has a market capitalization 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. EQT Co. has a one year low of $30.02 and a one year high of $54.85. The stock’s 50 day moving average price is $48.47 and its 200 day moving average price is $40.81. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51.

EQT Dividend Announcement

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

EQT Company 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.