Choreo LLC Has $981,000 Stock Holdings in EQT Co. (NYSE:EQT)

Choreo LLC raised its position in shares of EQT Co. (NYSE:EQT - Free Report) by 31.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,046 shares of the oil and gas producer's stock after purchasing an additional 5,006 shares during the quarter. Choreo LLC's holdings in EQT were worth $981,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. HM Payson & Co. acquired a new position in EQT during the third quarter valued at $25,000. Truvestments Capital LLC acquired a new position in shares of EQT in the 3rd quarter valued at about $30,000. Quarry LP lifted its position 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 worth $33,000 after purchasing an additional 578 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of EQT during the third quarter worth approximately $36,000. Finally, Financial Avengers Inc. grew its position 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. Hedge funds and other institutional investors own 90.81% of the company's stock.

EQT Stock Performance

NYSE EQT traded up $0.53 during trading on Thursday, hitting $52.90. The company's stock had a trading volume of 6,029,848 shares, compared to its average volume of 8,044,143. EQT Co. has a 52 week low of $30.02 and a 52 week high of $54.85. The firm has a market cap of $31.56 billion, a P/E ratio of 62.97, a price-to-earnings-growth ratio of 0.62 and a beta of 1.08. The firm has a 50 day moving average price of $48.47 and a 200 day moving average price of $40.81. 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 business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors 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 yield of 1.19%. The ex-dividend date of this dividend is Tuesday, February 18th. EQT's payout ratio is currently 75.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. UBS Group lifted their target price on shares of EQT from $49.00 to $54.00 and gave the company a "neutral" rating in a research note on Thursday. Wells Fargo & Company lifted their price objective on EQT from $52.00 to $53.00 and gave the company an "overweight" rating in a research report on Wednesday, January 8th. The Goldman Sachs Group boosted their target price on EQT from $59.00 to $66.00 and gave the company a "buy" rating in a research note on Wednesday. Truist Financial raised their price target on EQT from $41.00 to $56.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. boosted their price target on EQT from $50.00 to $53.00 and gave the company an "overweight" rating in a research note 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 company has an average rating of "Moderate Buy" and an average price target of $51.89.

Insider Buying and Selling at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of the company's 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 transaction, the director now owns 201,608 shares of the company's stock, valued at approximately $9,038,086.64. This represents a 13.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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.