abrdn plc Has $1.97 Million Stake in EQT Co. (NYSE:EQT)

abrdn plc lessened its holdings in EQT Co. (NYSE:EQT - Free Report) by 10.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,598 shares of the oil and gas producer's stock after selling 4,736 shares during the quarter. abrdn plc's holdings in EQT were worth $1,968,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. HM Payson & Co. acquired a new stake in EQT in the 3rd quarter valued at about $25,000. Truvestments Capital LLC acquired a new stake in EQT in the 3rd quarter valued at about $30,000. Quarry LP increased its position in EQT by 184.7% in the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer's stock valued at $33,000 after acquiring an additional 578 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in EQT in the 3rd quarter valued at about $36,000. Finally, Financial Avengers Inc. increased its position 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 valued at $37,000 after acquiring an additional 504 shares in the last quarter. Institutional investors own 90.81% of the company's stock.

EQT Stock Up 1.2 %

EQT traded up $0.62 during trading on Friday, reaching $53.49. The company had a trading volume of 5,552,108 shares, compared to its average volume of 7,964,417. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. EQT Co. has a 12 month low of $30.02 and a 12 month high of $54.85. The business's fifty day moving average price is $48.64 and its 200 day moving average price is $40.89. The company has a market cap of $31.91 billion, a P/E ratio of 63.67, a PEG ratio of 0.62 and a beta of 1.08.

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 paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Tuesday, February 18th. EQT's payout ratio is currently 75.00%.

Insider Buying and Selling at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of EQT stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total value of $1,351,803.82. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.63% of the company's stock.

Analysts Set New Price Targets

EQT has been the subject of several research reports. The Goldman Sachs Group raised their price objective on shares of EQT from $59.00 to $66.00 and gave the company a "buy" rating in a research report on Wednesday. Bank of America began coverage on shares of EQT in a research report on Monday, October 28th. They set a "buy" rating and a $50.00 price target for the company. Mizuho upgraded shares of EQT from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $48.00 to $57.00 in a research report on Monday, December 16th. Piper Sandler lifted their price target on shares of EQT from $34.00 to $35.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Finally, Stephens lifted their price target on shares of EQT from $37.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, EQT presently has a consensus rating of "Moderate Buy" and an average target price of $51.89.

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.