Kingsview Wealth Management LLC Has $630,000 Stake in EQT Co. (NYSE:EQT)

Kingsview Wealth Management LLC lowered its stake in EQT Co. (NYSE:EQT - Free Report) by 94.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,671 shares of the oil and gas producer's stock after selling 233,942 shares during the quarter. Kingsview Wealth Management LLC's holdings in EQT were worth $630,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Apollon Wealth Management LLC bought a new stake in shares of EQT in the fourth quarter worth $302,000. Conning Inc. bought a new stake in shares of EQT in the fourth quarter worth $297,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of EQT by 3.0% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 61,032 shares of the oil and gas producer's stock worth $2,814,000 after purchasing an additional 1,763 shares in the last quarter. Bleakley Financial Group LLC lifted its position in shares of EQT by 15.9% in the fourth quarter. Bleakley Financial Group LLC now owns 28,396 shares of the oil and gas producer's stock worth $1,309,000 after purchasing an additional 3,899 shares in the last quarter. Finally, Choreo LLC lifted its position in shares of EQT by 31.2% in the fourth quarter. Choreo LLC now owns 21,046 shares of the oil and gas producer's stock worth $981,000 after purchasing an additional 5,006 shares in the last quarter. Institutional investors own 90.81% of the company's stock.

Insider Buying and Selling

In related news, Director Thomas F. Karam sold 30,154 shares of the firm'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 transaction, the director now directly owns 201,608 shares of the company's stock, valued at approximately $9,038,086.64. This trade represents a 13.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.63% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on EQT shares. The Goldman Sachs Group boosted their price objective on shares of EQT from $59.00 to $66.00 and gave the stock 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 issued a "buy" rating and a $50.00 price objective on the stock. StockNews.com upgraded shares of EQT to a "sell" rating in a report on Saturday, February 8th. Morgan Stanley boosted their target price on shares of EQT from $45.00 to $56.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. Finally, Mizuho upgraded shares of EQT from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $48.00 to $57.00 in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $51.89.

EQT Stock Performance

Shares of EQT traded up $0.62 during trading hours on Friday, hitting $53.49. The company had a trading volume of 5,552,108 shares, compared to its average volume of 7,823,351. The firm has a market cap of $31.91 billion, a price-to-earnings ratio of 63.67, a PEG ratio of 0.62 and a beta of 1.08. The business has a fifty day moving average of $48.85 and a 200-day moving average of $41.07. EQT Co. has a 12 month low of $30.02 and a 12 month high of $54.85. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a dividend of $0.1575 per share. 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 dividend payout ratio is 75.00%.

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.