Natixis Advisors LLC grew its position in shares of EQT Co. (NYSE:EQT - Free Report) by 118.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 389,448 shares of the oil and gas producer's stock after buying an additional 211,544 shares during the quarter. Natixis Advisors LLC owned 0.07% of EQT worth $17,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of EQT. Parkside Financial Bank & Trust lifted its holdings in EQT by 22.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock valued at $48,000 after acquiring an additional 193 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of EQT by 26.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock worth $45,000 after purchasing an additional 205 shares during the period. Wilmington Savings Fund Society FSB boosted its holdings in shares of EQT by 4.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer's stock worth $218,000 after buying an additional 223 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in EQT by 15.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer's stock valued at $79,000 after buying an additional 236 shares during the period. Finally, Radnor Capital Management LLC increased its holdings in EQT by 0.4% during the fourth quarter. Radnor Capital Management LLC now owns 60,948 shares of the oil and gas producer's stock valued at $2,810,000 after buying an additional 237 shares during the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
EQT has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $49.00 target price on shares of EQT in a report on Monday, January 6th. StockNews.com raised shares of EQT from a "sell" rating to a "hold" rating in a report on Friday, March 14th. Piper Sandler lifted their price target on shares of EQT from $35.00 to $36.00 and gave the company a "neutral" rating in a report on Thursday, March 6th. Scotiabank cut shares of EQT from a "sector outperform" rating to a "sector perform" rating and reduced their price objective for the stock from $55.00 to $54.00 in a research note on Friday, January 17th. Finally, The Goldman Sachs Group restated a "reduce" rating on shares of EQT in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $54.50.
Get Our Latest Research Report on EQT
EQT Price Performance
Shares of EQT stock traded down $0.84 on Friday, reaching $52.89. The company's stock had a trading volume of 12,816,051 shares, compared to its average volume of 7,293,776. The stock's fifty day simple moving average is $51.25 and its 200-day simple moving average is $44.12. EQT Co. has a 1 year low of $30.02 and a 1 year high of $56.66. The company has a market capitalization of $31.60 billion, a price-to-earnings ratio of 132.23, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37.
EQT (NYSE:EQT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.19. The business had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. Analysts forecast that EQT Co. will post 3.27 earnings per share for the current fiscal year.
EQT Dividend Announcement
The business also recently disclosed 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. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a yield of 1.19%. EQT's dividend payout ratio (DPR) is presently 157.50%.
EQT Profile
(
Free Report)
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.
See Also
Before you consider EQT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EQT wasn't on the list.
While EQT currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
