Natixis Sells 401,495 Shares of EQT Co. (NYSE:EQT)

Natixis cut its position in EQT Co. (NYSE:EQT - Free Report) by 83.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,526 shares of the oil and gas producer's stock after selling 401,495 shares during the quarter. Natixis' holdings in EQT were worth $3,759,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in EQT. Vanguard Group Inc. grew its holdings in shares of EQT by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 72,530,286 shares of the oil and gas producer's stock valued at $3,344,371,000 after purchasing an additional 358,649 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of EQT by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 14,427,307 shares of the oil and gas producer's stock worth $663,552,000 after buying an additional 429,733 shares in the last quarter. Capital International Investors lifted its stake in shares of EQT by 21.3% in the 4th quarter. Capital International Investors now owns 13,855,244 shares of the oil and gas producer's stock valued at $638,867,000 after acquiring an additional 2,433,632 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of EQT by 14.7% during the 4th quarter. Clearbridge Investments LLC now owns 13,829,938 shares of the oil and gas producer's stock valued at $637,698,000 after acquiring an additional 1,774,696 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of EQT by 46.3% during the fourth quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer's stock worth $606,059,000 after purchasing an additional 4,162,065 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.

EQT Stock Performance

Shares of EQT stock traded up $1.44 on Friday, hitting $50.26. 9,360,326 shares of the stock were exchanged, compared to its average volume of 7,799,134. 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 Co. has a one year low of $30.02 and a one year high of $56.66. The firm has a market capitalization of $30.03 billion, a PE ratio of 125.65, a P/E/G ratio of 0.64 and a beta of 1.35. The firm's 50 day moving average is $50.31 and its two-hundred day moving average is $47.01.

EQT (NYSE:EQT - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.20. EQT had a net margin of 4.37% and a return on equity of 4.35%. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.16 billion. Sell-side analysts expect that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th will be given a dividend of $0.1575 per share. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $0.63 annualized dividend and a yield of 1.25%. EQT's payout ratio is 157.50%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Royal Bank of Canada reaffirmed 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 increased their price target on EQT from $45.00 to $55.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Citigroup lifted their price objective on shares of EQT from $51.00 to $60.00 and gave the company a "buy" rating in a report on Monday, March 17th. Stephens cut their price target on EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, StockNews.com lowered EQT from a "hold" rating to a "sell" rating in a report on Monday, April 7th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $55.39.

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.