Chevy Chase Trust Holdings LLC Sells 74,468 Shares of EQT Co. (NYSE:EQT)

Chevy Chase Trust Holdings LLC lowered its position in shares of EQT Co. (NYSE:EQT) by 14.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 431,383 shares of the oil and gas producer’s stock after selling 74,468 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.07% of EQT worth $19,891,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of EQT. HM Payson & Co. bought a new stake in EQT during the third quarter valued at $25,000. Truvestments Capital LLC bought a new position in shares of EQT during the 3rd quarter worth about $30,000. Quarry LP boosted its position in shares of EQT by 184.7% during 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 in the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of EQT during the 3rd quarter worth about $36,000. Finally, Financial Avengers Inc. boosted its position in shares of EQT by 100.8% during 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 in the last quarter. Institutional investors own 90.81% of the company’s stock.

EQT Trading Up 1.2 %

NYSE:EQT opened at $53.49 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a market cap of $31.91 billion, a price-to-earnings ratio of 63.67, a price-to-earnings-growth ratio of 0.62 and a beta of 1.08. EQT Co. has a 52 week low of $30.02 and a 52 week high of $54.85. The firm has a 50-day moving average price of $48.85 and a two-hundred day moving average price of $41.07.

EQT Dividend Announcement

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

Insider Buying and Selling at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of the firm’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 transaction of $1,351,803.82. Following the completion of the sale, the director now owns 201,608 shares in the company, valued at $9,038,086.64. This trade represents a 13.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on EQT shares. UBS Group increased their price objective on shares of EQT from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Thursday. Morgan Stanley increased their price objective on shares of EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Jefferies Financial Group increased their price objective on shares of EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. StockNews.com raised shares of EQT to a “sell” rating in a research report on Saturday, February 8th. Finally, Sanford C. Bernstein raised shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price target on the stock in a research report on Wednesday, January 15th. 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 stock. According to data from MarketBeat.com, EQT presently has an average 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.