EQT Co. (NYSE:EQT) Shares Sold by Fiera Capital Corp

Fiera Capital Corp cut its stake in EQT Co. (NYSE:EQT) by 1.8% during the 4th quarter, HoldingsChannel reports. The fund owned 687,550 shares of the oil and gas producer’s stock after selling 12,805 shares during the period. Fiera Capital Corp’s holdings in EQT were worth $31,703,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in EQT. Wellington Management Group LLP raised its stake in shares of EQT by 38.7% in the 3rd quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer’s stock valued at $2,716,968,000 after purchasing an additional 20,700,921 shares in the last quarter. State Street Corp increased its holdings in EQT by 24.5% in the third quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer’s stock valued at $1,359,183,000 after buying an additional 7,290,822 shares during the last quarter. Modera Wealth Management LLC acquired a new stake in EQT during the third quarter valued at approximately $562,494,000. Geode Capital Management LLC lifted its holdings in EQT by 34.4% during the 3rd quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer’s stock worth $511,159,000 after buying an additional 3,582,418 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of EQT by 28.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,013,058 shares of the oil and gas producer’s stock worth $183,678,000 after acquiring an additional 1,108,134 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors.

Insider Activity at EQT

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the company’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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.63% of the stock is currently owned by corporate insiders.

EQT Stock Up 1.0 %

EQT stock opened at $52.90 on Friday. The firm has a market cap of $31.56 billion, a PE ratio of 62.97, 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 company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a 50 day simple moving average of $48.47 and a 200 day simple moving average of $40.81.

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Tuesday, February 18th. EQT’s dividend payout ratio is presently 75.00%.

Analyst Upgrades and Downgrades

EQT has been the topic of several research analyst reports. Bank of America assumed coverage on EQT in a research note on Monday, October 28th. They set a “buy” rating and a $50.00 price objective on the stock. Jefferies Financial Group boosted their price objective on EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. The Goldman Sachs Group increased their price objective on shares of EQT from $59.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday. Sanford C. Bernstein raised EQT from a “market perform” rating to an “outperform” rating and set a $73.00 target price on the stock in a research note on Wednesday, January 15th. Finally, Scotiabank cut EQT from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $55.00 to $54.00 in a research note on Friday, January 17th. 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 company. Based on data from MarketBeat.com, EQT currently has a consensus rating of “Moderate Buy” and an average target price of $51.89.

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.