New York State Teachers Retirement System Has $21.15 Million Stock Holdings in EQT Co. (NYSE:EQT)

New York State Teachers Retirement System cut its position in shares of EQT Co. (NYSE:EQT) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 458,677 shares of the oil and gas producer’s stock after selling 1,082 shares during the period. New York State Teachers Retirement System owned 0.08% of EQT worth $21,150,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Sanctuary Advisors LLC increased its stake in shares of EQT by 104.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 63,507 shares of the oil and gas producer’s stock worth $2,327,000 after purchasing an additional 32,484 shares during the last quarter. Retirement Systems of Alabama grew its stake in EQT by 36.7% in the 3rd quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer’s stock valued at $4,878,000 after buying an additional 35,733 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in EQT by 44.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,555 shares of the oil and gas producer’s stock valued at $2,379,000 after buying an additional 16,416 shares during the last quarter. FMR LLC grew its stake in EQT by 2.5% in the 3rd quarter. FMR LLC now owns 1,133,197 shares of the oil and gas producer’s stock valued at $41,520,000 after buying an additional 28,129 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in EQT by 15.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 41,508 shares of the oil and gas producer’s stock valued at $1,914,000 after buying an additional 5,489 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

EQT Stock Performance

Shares of EQT stock opened at $53.49 on Monday. The company has a market cap of $31.91 billion, a PE ratio of 63.67, a price-to-earnings-growth ratio of 0.62 and a beta of 1.08. 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 company has a 50 day moving average of $48.85 and a 200-day moving average of $41.07. EQT Co. has a 1-year low of $30.02 and a 1-year high of $54.85.

EQT Dividend Announcement

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

Insider Activity at EQT

In related news, Director Thomas F. Karam sold 30,154 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.63% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on EQT. Jefferies Financial Group upped their price target on shares of EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. StockNews.com upgraded shares of EQT to a “sell” rating in a research note on Saturday, February 8th. Sanford C. Bernstein upgraded 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 note on Wednesday, January 15th. JPMorgan Chase & Co. upped their price target on shares of EQT from $50.00 to $53.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Finally, Piper Sandler boosted their price objective on shares of EQT from $34.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. One equities 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 stock. Based on data from MarketBeat, the stock 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.