Quotient Wealth Partners LLC Takes $224,000 Position in EQT Co. (NYSE:EQT)

Quotient Wealth Partners LLC purchased a new position in shares of EQT Co. (NYSE:EQT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,854 shares of the oil and gas producer's stock, valued at approximately $224,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HM Payson & Co. bought a new stake in shares of EQT in the 3rd quarter worth about $25,000. Truvestments Capital LLC bought a new stake in shares of EQT in the 3rd quarter worth about $30,000. Quarry LP increased its position in shares of EQT by 184.7% in the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer's stock worth $33,000 after purchasing an additional 578 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of EQT in the 3rd quarter worth about $36,000. Finally, Financial Avengers Inc. increased its position in shares of EQT by 100.8% in the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer's stock worth $37,000 after purchasing an additional 504 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company boosted their target price on shares of EQT from $52.00 to $53.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 8th. The Goldman Sachs Group boosted 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. Morgan Stanley boosted their price objective on shares of EQT from $45.00 to $56.00 and gave the company an "overweight" rating in a research report on Monday, November 25th. Stephens boosted their price objective on shares of EQT from $37.00 to $38.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $49.00 price objective on shares of EQT in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.89.

Insider Transactions at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of the company's 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 completion of the sale, the director now directly owns 201,608 shares of the company's stock, valued at approximately $9,038,086.64. This represents a 13.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.63% of the company's stock.

EQT Stock Performance

EQT stock traded up $0.62 during midday trading on Friday, reaching $53.49. 5,552,108 shares of the stock traded hands, compared to its average volume of 7,964,417. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. The firm has a fifty day moving average price of $48.64 and a two-hundred day moving average price of $40.89. 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. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $54.85.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders 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 dividend yield of 1.18%. The ex-dividend date is Tuesday, February 18th. EQT's dividend payout ratio is currently 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.