EQT Co. (NYSE:EQT) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its stake in shares of EQT Co. (NYSE:EQT - Free Report) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,116,073 shares of the oil and gas producer's stock after selling 104,483 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.19% of EQT worth $51,462,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. HM Payson & Co. acquired a new position in EQT during the third quarter worth approximately $25,000. Truvestments Capital LLC acquired a new position in EQT during the third quarter worth approximately $30,000. Quarry LP increased its position 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 purchasing an additional 578 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in EQT during the third quarter worth approximately $36,000. Finally, Financial Avengers Inc. increased 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 worth $37,000 after purchasing an additional 504 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.

EQT Stock Up 1.2 %

EQT stock traded up $0.62 during midday trading on Friday, hitting $53.49. The stock had a trading volume of 5,552,108 shares, 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 stock has a market cap of $31.91 billion, a P/E ratio of 63.67, a P/E/G ratio of 0.62 and a beta of 1.08. EQT Co. has a 12 month low of $30.02 and a 12 month high of $54.85. The business has a fifty day moving average price of $48.64 and a 200 day moving average price of $40.89.

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Tuesday, February 18th. EQT's dividend payout ratio is currently 75.00%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on EQT shares. Sanford C. Bernstein raised shares of 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. UBS Group boosted their price objective on EQT from $49.00 to $54.00 and gave the stock a "neutral" rating in a research note on Thursday. StockNews.com upgraded EQT to a "sell" rating in a research note on Saturday, February 8th. Wells Fargo & Company boosted their price objective on EQT from $52.00 to $53.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 8th. Finally, Truist Financial boosted their price objective on EQT from $41.00 to $56.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $51.89.

Insider Activity 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 stock was 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.63% of the stock is owned by corporate insiders.

About EQT

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.