New York State Teachers Retirement System Sells 1,082 Shares of EQT Co. (NYSE:EQT)

New York State Teachers Retirement System lessened its position in shares of EQT Co. (NYSE:EQT) by 0.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 458,677 shares of the oil and gas producer’s stock after selling 1,082 shares during the period. New York State Teachers Retirement System’s holdings in EQT were worth $21,150,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of EQT. HM Payson & Co. bought a new position in EQT during the third quarter worth $25,000. Truvestments Capital LLC bought a new position in EQT during the third quarter worth $30,000. Quarry LP raised its stake in EQT by 184.7% during the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 578 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in EQT during the third quarter worth $36,000. Finally, Financial Avengers Inc. raised its stake in EQT by 100.8% during the third 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 last quarter. Institutional investors own 90.81% of the company’s stock.

Insider Buying and Selling at EQT

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the business’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 transaction, the director now directly owns 201,608 shares in the company, valued at $9,038,086.64. The trade was a 13.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.63% of the company’s stock.

EQT Stock Up 1.2 %

EQT opened at $53.49 on Monday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. The stock has a market cap of $31.91 billion, a price-to-earnings ratio of 63.67, a PEG ratio of 0.62 and a beta of 1.08. EQT Co. has a twelve month low of $30.02 and a twelve month high of $54.85. The company’s 50-day moving average price is $48.85 and its two-hundred day moving average price is $41.07.

EQT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a $0.1575 dividend. 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 75.00%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Truist Financial lifted their price target 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. Scotiabank downgraded shares of EQT from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the company from $55.00 to $54.00 in a research note on Friday, January 17th. Piper Sandler lifted their price target on shares of EQT from $34.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. UBS Group lifted their price target on shares of EQT from $49.00 to $54.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. lifted their price target on shares of EQT from $50.00 to $53.00 and gave the company 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $51.89.

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.