EQT Co. (NYSE:EQT) Holdings Decreased by abrdn plc

abrdn plc trimmed its holdings in shares of EQT Co. (NYSE:EQT) by 10.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,598 shares of the oil and gas producer’s stock after selling 4,736 shares during the period. abrdn plc’s holdings in EQT were worth $1,968,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the completion of the transaction, the director now directly owns 201,608 shares of the company’s stock, valued at approximately $9,038,086.64. This trade represents a 13.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.63% of the company’s stock.

EQT Price Performance

Shares of EQT stock opened at $53.55 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market cap of $31.95 billion, a PE ratio of 63.74, a price-to-earnings-growth ratio of 0.62 and a beta of 1.08. The firm has a fifty day moving average price of $47.96 and a two-hundred day moving average price of $40.45. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $54.85.

EQT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors 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 is Tuesday, February 18th. EQT’s dividend payout ratio (DPR) is presently 75.00%.

Analyst Ratings Changes

A number of equities analysts recently commented on EQT shares. Piper Sandler increased their price objective on EQT from $34.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. UBS Group increased their price target on shares of EQT from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. lifted their price objective 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. Morgan Stanley increased their target price on shares of EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Finally, StockNews.com raised EQT to a “sell” rating in a research report on Saturday. One investment 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.94.

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.