New Mexico Educational Retirement Board Has $1.31 Million Position in EQT Co. (NYSE:EQT)

New Mexico Educational Retirement Board lessened its stake in shares of EQT Co. (NYSE:EQT) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,300 shares of the oil and gas producer’s stock after selling 700 shares during the period. New Mexico Educational Retirement Board’s holdings in EQT were worth $1,305,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. HM Payson & Co. bought a new position in shares of EQT in the 3rd quarter valued at $25,000. Truvestments Capital LLC acquired a new position in EQT during the 3rd quarter worth about $30,000. Quarry LP lifted its holdings in 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 buying an additional 578 shares during the period. Brown Brothers Harriman & Co. acquired a new position in shares of EQT in the 3rd quarter valued at about $36,000. Finally, Financial Avengers Inc. lifted its stake in shares of EQT by 100.8% in the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 504 shares during the period. Institutional investors own 90.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on EQT shares. Citigroup boosted their target price on EQT from $44.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. boosted their price objective on EQT from $50.00 to $53.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Bank of America began coverage on EQT in a report on Monday, October 28th. They issued a “buy” rating and a $50.00 target price for the company. Sanford C. Bernstein upgraded EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price objective on the stock in a research note on Wednesday, January 15th. Finally, Jefferies Financial Group upped their price objective on EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $51.89.

Insiders Place Their Bets

In other EQT news, Director Thomas F. Karam sold 30,154 shares of EQT 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 sale, the director now owns 201,608 shares of the company’s stock, valued at approximately $9,038,086.64. The trade was a 13.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.63% of the stock is currently owned by insiders.

EQT Price Performance

Shares of EQT opened at $53.49 on Tuesday. The company has a market capitalization of $31.91 billion, a P/E ratio of 63.67, a price-to-earnings-growth ratio of 0.62 and a beta of 1.08. 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 firm has a 50 day moving average of $48.85 and a 200 day moving average of $41.12. EQT Co. has a twelve month low of $30.02 and a twelve month high of $54.85.

EQT Dividend Announcement

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

EQT 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.