EQT Co. (NYSE:EQT) Shares Sold by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund lessened its stake in EQT Co. (NYSE:EQT - Free Report) by 69.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,337 shares of the oil and gas producer's stock after selling 12,251 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in EQT were worth $246,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EQT. HM Payson & Co. acquired a new stake in EQT during the third quarter worth $25,000. Truvestments Capital LLC acquired a new stake in EQT during the third quarter worth $30,000. Quarry LP increased its stake in EQT by 184.7% during the third 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. acquired a new stake in EQT during the third quarter worth $36,000. Finally, Financial Avengers Inc. increased its stake 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 worth $37,000 after acquiring an additional 504 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.

EQT Stock Down 4.6 %

NYSE:EQT traded down $2.42 during midday trading on Friday, reaching $50.15. The company had a trading volume of 13,788,858 shares, compared to its average volume of 7,859,228. The firm has a market capitalization of $29.96 billion, a price-to-earnings ratio of 125.37, a PEG ratio of 0.64 and a beta of 1.08. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. The stock's fifty day simple moving average is $49.67 and its 200-day simple moving average is $41.72. EQT Co. has a 12-month low of $30.02 and a 12-month high of $56.66.

EQT (NYSE:EQT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.19. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. On average, sell-side analysts anticipate that EQT Co. will post 3.27 earnings per share for the current fiscal year.

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 issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Tuesday, February 18th. EQT's dividend payout ratio (DPR) is 157.50%.

Insider Transactions at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of EQT stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.63% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on EQT shares. StockNews.com raised EQT to a "sell" rating in a research note on Saturday, February 8th. Jefferies Financial Group raised their target price on EQT from $45.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Piper Sandler raised their price target on EQT from $34.00 to $35.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Sanford C. Bernstein upgraded EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price target for the company in a research report on Wednesday, January 15th. Finally, Mizuho upgraded EQT from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $48.00 to $57.00 in a research report on Monday, December 16th. One 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, EQT presently has an average rating of "Moderate Buy" and an average price target of $52.17.

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.