Summit Trail Advisors LLC Has $300,000 Stock Holdings in EQT Co. (NYSE:EQT)

Summit Trail Advisors LLC trimmed its position in EQT Co. (NYSE:EQT) by 3.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,496 shares of the oil and gas producer’s stock after selling 220 shares during the quarter. Summit Trail Advisors LLC’s holdings in EQT were worth $300,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in EQT by 38.7% in the third 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 acquiring an additional 20,700,921 shares during the last quarter. State Street Corp boosted its stake in shares of EQT by 24.5% in the 3rd 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 purchasing an additional 7,290,822 shares during the last quarter. Modera Wealth Management LLC acquired a new stake in shares of EQT during the 3rd quarter worth approximately $562,494,000. Geode Capital Management LLC raised its stake in shares of EQT by 34.4% during the third 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. lifted its holdings in EQT by 28.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,013,058 shares of the oil and gas producer’s stock valued at $183,678,000 after buying an additional 1,108,134 shares during the period. 90.81% of the stock is owned by institutional investors and hedge funds.

EQT Stock Down 2.6 %

EQT stock opened at $52.36 on Thursday. EQT Co. has a twelve month low of $30.02 and a twelve 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. The company has a 50 day moving average of $48.32 and a 200-day moving average of $40.73. The stock has a market capitalization of $31.24 billion, a PE ratio of 62.33, a price-to-earnings-growth ratio of 0.62 and a beta of 1.08.

EQT Dividend Announcement

The company also recently announced 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 1.20%. The ex-dividend date is Tuesday, February 18th. EQT’s dividend payout ratio (DPR) is presently 75.00%.

Analysts Set New Price Targets

A number of research firms have commented on EQT. Sanford C. Bernstein raised shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 target price for the company in a report on Wednesday, January 15th. Morgan Stanley lifted their price objective on EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. StockNews.com raised EQT to a “sell” rating in a research note on Saturday, February 8th. JPMorgan Chase & Co. boosted their target price on EQT from $50.00 to $53.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Finally, Citigroup upped their price target on EQT from $44.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $51.22.

Insider Buying and Selling at EQT

In other EQT 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 owns 201,608 shares of the company’s stock, valued at $9,038,086.64. This represents a 13.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.63% of the company’s stock.

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.