Bright Rock Capital Management LLC cut its holdings in EQT Corporation (NYSE:EQT) by 20.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,000 shares of the oil and gas producer’s stock after selling 5,000 shares during the quarter. Bright Rock Capital Management LLC’s holdings in EQT were worth $1,081,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of EQT. Amalgamated Bank increased its position in shares of EQT by 68.8% in the second quarter. Amalgamated Bank now owns 18,031 shares of the oil and gas producer’s stock valued at $1,056,000 after buying an additional 7,346 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of EQT by 8.9% in the second quarter. UBS Asset Management Americas Inc. now owns 474,265 shares of the oil and gas producer’s stock valued at $27,787,000 after buying an additional 38,836 shares in the last quarter. Pinebridge Investments L.P. purchased a new stake in shares of EQT in the second quarter valued at approximately $212,000. D.A. Davidson & CO. increased its position in shares of EQT by 14.2% in the second quarter. D.A. Davidson & CO. now owns 5,801 shares of the oil and gas producer’s stock valued at $339,000 after buying an additional 721 shares in the last quarter. Finally, Aureus Asset Management LLC purchased a new stake in shares of EQT in the second quarter valued at approximately $205,000.
A number of analysts have recently commented on EQT shares. Credit Suisse Group started coverage on EQT in a research report on Monday, December 11th. They issued an “outperform” rating and a $70.00 price objective for the company. BMO Capital Markets restated a “buy” rating and issued a $75.00 price objective on shares of EQT in a research report on Tuesday, December 26th. Zacks Investment Research cut EQT from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. SunTrust Banks reaffirmed a “hold” rating and issued a $65.00 price target on shares of EQT in a research note on Friday, December 8th. Finally, Royal Bank of Canada set a $77.00 price target on EQT and gave the stock a “hold” rating in a research note on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $76.77.
Shares of EQT Corporation (NYSE:EQT) opened at $51.91 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market capitalization of $13,790.00, a P/E ratio of 259.55, a PEG ratio of 2.18 and a beta of 0.70. EQT Corporation has a 12 month low of $49.63 and a 12 month high of $67.84.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 14th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date is Tuesday, February 13th. EQT’s dividend payout ratio (DPR) is currently 60.00%.
In related news, Director Thomas F. Karam acquired 10,000 shares of the stock in a transaction on Wednesday, November 15th. The shares were bought at an average price of $59.26 per share, with a total value of $592,600.00. Following the completion of the purchase, the director now owns 20,000 shares of the company’s stock, valued at approximately $1,185,200. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman David L. Porges sold 53,760 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $59.14, for a total value of $3,179,366.40. Following the transaction, the chairman now directly owns 438,601 shares in the company, valued at approximately $25,938,863.14. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.
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EQT Corporation is a natural gas company. The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.
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