Whittier Trust Co. Buys 12,442 Shares of EQT Co. (NYSE:EQT)

Whittier Trust Co. raised its holdings in EQT Co. (NYSE:EQT) by 4.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 288,493 shares of the oil and gas producer’s stock after buying an additional 12,442 shares during the quarter. Whittier Trust Co.’s holdings in EQT were worth $13,302,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP grew its holdings in EQT by 38.7% during 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 purchasing an additional 20,700,921 shares during the period. State Street Corp lifted its position in shares of EQT by 24.5% in the third 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 acquiring an additional 7,290,822 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of EQT by 34.4% in the third quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer’s stock valued at $511,159,000 after acquiring an additional 3,582,418 shares in the last quarter. Boston Partners lifted its position in shares of EQT by 7.2% in the fourth quarter. Boston Partners now owns 6,356,476 shares of the oil and gas producer’s stock valued at $293,213,000 after acquiring an additional 429,630 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of EQT by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,093,857 shares of the oil and gas producer’s stock valued at $234,878,000 after acquiring an additional 80,799 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EQT. StockNews.com upgraded EQT from a “sell” rating to a “hold” rating in a research report on Friday, March 14th. Piper Sandler boosted their target price on EQT from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. upped their price objective on EQT from $58.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, March 13th. Wells Fargo & Company upped their price objective on EQT from $53.00 to $58.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Mizuho upgraded EQT from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $48.00 to $57.00 in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.50.

EQT Stock Performance

Shares of EQT opened at $53.54 on Thursday. EQT Co. has a 12 month low of $30.02 and a 12 month high of $56.66. The stock has a fifty day moving average price of $51.07 and a 200-day moving average price of $43.92. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. The firm has a market cap of $31.99 billion, a PE ratio of 133.85, a P/E/G ratio of 0.64 and a beta of 1.12.

EQT (NYSE:EQT) last issued its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.50 by $0.19. EQT had a return on equity of 4.35% and a net margin of 4.37%. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. Equities research analysts predict that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $0.1575 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a yield of 1.18%. EQT’s dividend payout ratio (DPR) is 157.50%.

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.