EQT Co. (NYSE:EQT) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC trimmed its stake in EQT Co. (NYSE:EQT - Free Report) by 14.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 431,383 shares of the oil and gas producer's stock after selling 74,468 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.07% of EQT worth $19,891,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in EQT. HM Payson & Co. purchased a new stake in shares of EQT in the 3rd quarter valued at approximately $25,000. Truvestments Capital LLC purchased a new stake in shares of EQT in the 3rd quarter valued at approximately $30,000. Quarry LP grew its holdings in shares of EQT by 184.7% in 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. acquired a new position in shares of EQT in the third quarter valued at approximately $36,000. Finally, Financial Avengers Inc. grew 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 in the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at EQT

In other EQT news, Director Thomas F. Karam sold 30,154 shares of EQT stock in a transaction that occurred on 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 approximately $9,038,086.64. This trade represents a 13.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.63% of the stock is currently owned by insiders.

EQT Stock Performance

NYSE:EQT traded up $0.56 during mid-day trading on Wednesday, reaching $54.34. 12,153,514 shares of the stock were exchanged, compared to its average volume of 8,165,354. 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 1 year low of $30.02 and a 1 year high of $56.66. The company has a 50 day simple moving average of $49.26 and a 200-day simple moving average of $41.41. The stock has a market capitalization of $32.42 billion, a P/E ratio of 64.69, a P/E/G ratio of 0.65 and a beta of 1.08.

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

EQT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Tuesday, February 18th. EQT's dividend payout ratio is currently 75.00%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. StockNews.com upgraded shares of EQT to a "sell" rating in a report on Saturday, February 8th. Royal Bank of Canada restated a "sector perform" rating and issued a $49.00 price objective on shares of EQT in a report on Monday, January 6th. Stephens lifted their price objective on shares of EQT from $37.00 to $38.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. UBS Group lifted their price objective on shares of EQT from $49.00 to $54.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Finally, Bank of America began coverage on shares of EQT in a report on Monday, October 28th. They issued a "buy" rating and a $50.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.89.

About EQT

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.