Whittier Trust Co. of Nevada Inc. Buys 7,403 Shares of EQT Co. (NYSE:EQT)

Whittier Trust Co. of Nevada Inc. lifted its stake in shares of EQT Co. (NYSE:EQT) by 5.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 152,505 shares of the oil and gas producer’s stock after purchasing an additional 7,403 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in EQT were worth $7,032,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new position in EQT during the third quarter worth about $30,000. Quarry LP grew its position in EQT by 184.7% during the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 578 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in EQT during the third quarter worth about $36,000. Financial Avengers Inc. grew its position in EQT by 100.8% during the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock worth $37,000 after buying an additional 504 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in EQT by 26.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock worth $45,000 after buying an additional 205 shares in the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Royal Bank of Canada restated a “sector perform” rating and set a $49.00 target price on shares of EQT in a research report on Monday, January 6th. Jefferies Financial Group upped their price objective on EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. StockNews.com upgraded EQT from a “sell” rating to a “hold” rating in a report on Friday, March 14th. Mizuho upgraded EQT from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $48.00 to $57.00 in a report on Monday, December 16th. Finally, Truist Financial upped their price objective on EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, EQT currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.50.

EQT Trading Up 0.3 %

EQT opened at $53.74 on Friday. The business has a 50 day simple moving average of $51.17 and a two-hundred day simple moving average of $43.99. The firm has a market capitalization of $32.11 billion, a price-to-earnings ratio of 134.36, a PEG ratio of 0.64 and a beta of 1.12. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. EQT Co. has a one year low of $30.02 and a one year high of $56.66.

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

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT’s payout ratio 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.