State of Alaska Department of Revenue Has $3.14 Million Stock Position in EQT Co. (NYSE:EQT)

State of Alaska Department of Revenue reduced its position in EQT Co. (NYSE:EQT) by 5.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 68,027 shares of the oil and gas producer’s stock after selling 4,215 shares during the period. State of Alaska Department of Revenue’s holdings in EQT were worth $3,136,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HM Payson & Co. bought a new position in shares of EQT in the 3rd quarter worth $25,000. Truvestments Capital LLC bought a new position in EQT in the third quarter valued at approximately $30,000. Quarry LP boosted 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 worth $33,000 after purchasing an additional 578 shares during the period. Brown Brothers Harriman & Co. bought a new position in shares of EQT during the third quarter worth about $36,000. Finally, Financial Avengers Inc. raised its holdings in shares of EQT by 100.8% in the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 504 shares during the last quarter. 90.81% of the stock is owned by institutional investors.

Insider Activity at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.63% of the stock is currently owned by company insiders.

EQT Stock Performance

EQT stock opened at $51.11 on Monday. EQT Co. has a twelve month low of $30.02 and a twelve month high of $54.85. The company has a market capitalization of $30.50 billion, a P/E ratio of 60.84, a PEG ratio of 0.62 and a beta of 1.08. The stock’s 50 day moving average is $47.96 and its 200 day moving average is $40.42. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65.

EQT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be given a $0.1575 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.63 annualized dividend and a yield of 1.23%. EQT’s payout ratio is 75.00%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. StockNews.com upgraded shares of EQT to a “sell” rating in a report on Saturday. Sanford C. Bernstein upgraded shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price objective for the company in a research note on Wednesday, January 15th. Scotiabank downgraded EQT from a “sector outperform” rating to a “sector perform” rating and cut their target price for the company from $55.00 to $54.00 in a research report on Friday, January 17th. Mizuho upgraded shares of EQT from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $48.00 to $57.00 in a research report on Monday, December 16th. Finally, Jefferies Financial Group increased their target price on shares of EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. One investment 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. According to data from MarketBeat.com, EQT has an average rating of “Moderate Buy” and a consensus price target 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.