EQT Co. (NYSE:EQT) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its position in shares of EQT Co. (NYSE:EQT - Free Report) by 386.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,347,660 shares of the oil and gas producer's stock after purchasing an additional 3,454,741 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.73% of EQT worth $205,830,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. HM Payson & Co. purchased a new position in EQT during the third quarter valued at $25,000. Truvestments Capital LLC purchased a new position in EQT during the third quarter valued at $30,000. Quarry LP lifted its holdings in EQT by 184.7% during the third 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 in the last quarter. Brown Brothers Harriman & Co. purchased a new position in EQT during the third quarter valued at $36,000. Finally, Financial Avengers Inc. lifted its holdings 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 valued at $37,000 after purchasing an additional 504 shares in the last quarter. Institutional investors and hedge funds 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 EQT 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.63% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on EQT. Scotiabank downgraded shares of EQT from a "sector outperform" rating to a "sector perform" rating and decreased their price objective for the company from $55.00 to $54.00 in a report on Friday, January 17th. Truist Financial increased their price objective on shares of EQT from $41.00 to $56.00 and gave the company a "hold" rating in a report on Monday, January 13th. Jefferies Financial Group raised their price target on shares of EQT from $45.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Stephens raised their price target on shares of EQT from $37.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley raised their price target on shares of EQT from $45.00 to $56.00 and gave the stock an "overweight" rating in a research note on Monday, November 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.89.

EQT Trading Up 1.2 %

EQT stock traded up $0.62 during midday trading on Friday, hitting $53.49. 5,552,108 shares of the stock were exchanged, compared to its average volume of 7,823,351. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $54.85. The stock has a market capitalization of $31.91 billion, a price-to-earnings ratio of 63.67, a PEG ratio of 0.62 and a beta of 1.08. The stock's 50-day simple moving average is $48.64 and its 200 day simple moving average is $40.89. 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 Dividend Announcement

The business also recently declared 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 dividend yield of 1.18%. The ex-dividend date is Tuesday, February 18th. EQT's dividend payout ratio is presently 75.00%.

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.