Autumn Glory Partners LLC Has $270,000 Position in EQT Co. (NYSE:EQT)

Autumn Glory Partners LLC lowered its stake in shares of EQT Co. (NYSE:EQT - Free Report) by 53.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,855 shares of the oil and gas producer's stock after selling 6,742 shares during the quarter. Autumn Glory Partners LLC's holdings in EQT were worth $270,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP raised its position in EQT by 38.7% during the 3rd quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer's stock valued at $2,716,968,000 after purchasing an additional 20,700,921 shares in the last quarter. State Street Corp raised its stake in EQT by 24.5% in the 3rd quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer's stock worth $1,359,183,000 after acquiring an additional 7,290,822 shares during the last quarter. Modera Wealth Management LLC purchased a new position in shares of EQT during the third quarter worth $562,494,000. Geode Capital Management LLC lifted its holdings in shares of EQT by 34.4% in the 3rd quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer's stock valued at $511,159,000 after buying an additional 3,582,418 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of EQT by 28.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,013,058 shares of the oil and gas producer's stock valued at $183,678,000 after purchasing an additional 1,108,134 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company's stock.

EQT Stock Performance

Shares of EQT traded up $0.56 during trading hours on Wednesday, reaching $54.34. 12,168,930 shares of the company traded hands, compared to its average volume of 8,165,913. The stock's fifty day moving average is $49.26 and its 200 day moving average is $41.41. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51. EQT Co. has a 1-year low of $30.02 and a 1-year high of $56.66. The stock has a market cap of $32.42 billion, a P/E ratio of 64.69, a price-to-earnings-growth ratio of 0.65 and a beta of 1.08.

EQT (NYSE:EQT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.50 by $0.19. EQT had a return on equity of 3.74% and a net margin of 5.52%. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. Equities research analysts anticipate that EQT Co. will post 1.38 earnings per share for the current fiscal year.

EQT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Tuesday, February 18th. EQT's dividend payout ratio (DPR) is presently 75.00%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. The Goldman Sachs Group boosted their price objective on EQT from $59.00 to $66.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Wells Fargo & Company boosted their price target on shares of EQT from $52.00 to $53.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 8th. StockNews.com upgraded EQT to a "sell" rating in a research note on Saturday, February 8th. Bank of America assumed coverage on EQT in a report on Monday, October 28th. They set a "buy" rating and a $50.00 price target for the company. Finally, Scotiabank downgraded shares of EQT from a "sector outperform" rating to a "sector perform" rating and reduced their price objective for the stock from $55.00 to $54.00 in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $51.89.

Insider Activity

In related news, Director Thomas F. Karam sold 30,154 shares of the business's stock in a transaction that occurred 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 Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.63% of the company's stock.

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.