Choreo LLC Purchases 5,006 Shares of EQT Co. (NYSE:EQT)

Choreo LLC increased its position in shares of EQT Co. (NYSE:EQT) by 31.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,046 shares of the oil and gas producer’s stock after purchasing an additional 5,006 shares during the period. Choreo LLC’s holdings in EQT were worth $981,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. HM Payson & Co. acquired a new stake in shares of EQT during the 3rd quarter valued at about $25,000. Truvestments Capital LLC acquired a new stake in EQT during the third quarter valued at approximately $30,000. Quarry LP grew its stake in shares of EQT by 184.7% in the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 578 shares during the period. Brown Brothers Harriman & Co. acquired a new position in shares of EQT in the 3rd quarter worth approximately $36,000. Finally, Financial Avengers Inc. lifted its position in shares of EQT by 100.8% during the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock worth $37,000 after buying an additional 504 shares during the period. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at EQT

In related news, Director Thomas F. Karam sold 30,154 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 201,608 shares in the company, valued at $9,038,086.64. This trade represents a 13.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.63% of the company’s stock.

EQT Stock Performance

EQT stock opened at $51.11 on Monday. The company has a market cap of $30.50 billion, a PE ratio of 60.84, a PEG ratio of 0.62 and a beta of 1.08. 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 Co. has a 1 year low of $30.02 and a 1 year high of $54.85. The company’s 50-day moving average is $47.96 and its two-hundred day moving average is $40.42.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be issued 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 presently 75.00%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EQT shares. JPMorgan Chase & Co. upped their price target on EQT from $50.00 to $53.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $49.00 target price on shares of EQT in a report on Monday, January 6th. Sanford C. Bernstein raised shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price target for the company in a report on Wednesday, January 15th. Scotiabank cut shares of EQT from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $55.00 to $54.00 in a research note on Friday, January 17th. Finally, Truist Financial lifted their target price on shares of EQT from $41.00 to $56.00 and gave the company a “hold” rating in a research note on Monday, January 13th. One equities 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $49.94.

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.