Chevy Chase Trust Holdings LLC Decreases Position in EQT Co. (NYSE:EQT)

Chevy Chase Trust Holdings LLC lowered its stake in shares of EQT Co. (NYSE:EQT) by 14.7% in the 4th quarter, HoldingsChannel reports. The firm owned 431,383 shares of the oil and gas producer’s stock after selling 74,468 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in EQT were worth $19,891,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. HM Payson & Co. purchased a new position in EQT in the 3rd quarter valued at approximately $25,000. Truvestments Capital LLC purchased a new position in EQT in the 3rd quarter valued at approximately $30,000. Quarry LP grew its stake in 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 buying an additional 578 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in EQT in the 3rd quarter valued at approximately $36,000. Finally, Financial Avengers Inc. grew its stake in EQT by 100.8% in the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock valued at $37,000 after buying an additional 504 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on EQT. Stephens lifted their price objective on shares of EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Mizuho raised shares of EQT from a “neutral” rating to an “outperform” rating and raised their price target for the company from $48.00 to $57.00 in a report on Monday, December 16th. StockNews.com upgraded shares of EQT to a “sell” rating in a research report on Saturday, February 8th. Wells Fargo & Company lifted their price objective on EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Finally, Citigroup upped their target price on EQT from $44.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. One equities 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $51.89.

EQT Stock Up 1.2 %

Shares of EQT stock opened at $53.49 on Friday. 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’s fifty day simple moving average is $48.85 and its two-hundred day simple moving average is $41.07. The company has a market cap of $31.91 billion, a P/E ratio of 63.67, a PEG 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Tuesday, February 18th. EQT’s payout ratio is currently 75.00%.

Insider Buying and Selling at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $9,038,086.64. This represents a 13.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.63% of the company’s stock.

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.