6,553 Shares in EQT Co. (NYSE:EQT) Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC acquired a new stake in shares of EQT Co. (NYSE:EQT - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 6,553 shares of the oil and gas producer's stock, valued at approximately $302,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HM Payson & Co. purchased a new position in EQT in the 3rd quarter worth $25,000. Truvestments Capital LLC purchased a new position in EQT in the 3rd quarter worth $30,000. Quarry LP raised 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 acquiring an additional 578 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in EQT in the 3rd quarter worth $36,000. Finally, Financial Avengers Inc. raised 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 worth $37,000 after acquiring an additional 504 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company's stock.

EQT Trading Up 0.1 %

NYSE EQT traded up $0.06 on Tuesday, reaching $53.33. The stock had a trading volume of 2,181,989 shares, compared to its average volume of 7,769,078. The firm has a market capitalization of $31.82 billion, a price-to-earnings ratio of 63.49, a P/E/G ratio of 0.62 and a beta of 1.08. 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 Co. has a 12-month low of $30.02 and a 12-month high of $54.85. The stock has a fifty day moving average price of $49.05 and a two-hundred day moving average price of $41.26.

EQT Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.63 annualized dividend and a dividend yield of 1.18%. EQT's dividend payout ratio (DPR) is 75.00%.

Analyst Upgrades and Downgrades

EQT has been the subject of a number of research analyst reports. Wells Fargo & Company raised their target price on EQT from $52.00 to $53.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 8th. Piper Sandler lifted 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. Jefferies Financial Group boosted their target price on EQT from $45.00 to $55.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. The Goldman Sachs Group boosted their target price on EQT from $59.00 to $66.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. boosted their target price on EQT from $50.00 to $53.00 and gave the stock an "overweight" rating in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $51.89.

Insiders Place Their Bets

In related news, Director Thomas F. Karam sold 30,154 shares of the business's stock in a transaction on 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 owns 201,608 shares in the company, valued at approximately $9,038,086.64. The trade was a 13.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.63% of the company's stock.

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.