Whittier Trust Co. Has $13.30 Million Stock Position in EQT Co. (NYSE:EQT)

Whittier Trust Co. raised its stake in shares of EQT Co. (NYSE:EQT - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 288,493 shares of the oil and gas producer's stock after buying an additional 12,442 shares during the period. Whittier Trust Co.'s holdings in EQT were worth $13,302,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Atria Investments Inc bought a new stake in EQT during the third quarter worth approximately $201,000. Oppenheimer Asset Management Inc. increased its position in shares of EQT by 28.1% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 18,875 shares of the oil and gas producer's stock valued at $692,000 after purchasing an additional 4,145 shares during the period. Oppenheimer & Co. Inc. raised its stake in shares of EQT by 245.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 26,387 shares of the oil and gas producer's stock worth $967,000 after buying an additional 18,757 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of EQT by 10.7% in the third quarter. Natixis Advisors LLC now owns 177,904 shares of the oil and gas producer's stock valued at $6,518,000 after buying an additional 17,233 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in EQT by 71.4% during the third quarter. Thrivent Financial for Lutherans now owns 30,540 shares of the oil and gas producer's stock valued at $1,119,000 after buying an additional 12,723 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Stephens upgraded shares of EQT from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $41.00 to $59.00 in a research report on Tuesday, March 18th. Sanford C. Bernstein raised shares of EQT from a "market perform" rating to an "outperform" rating and set a $73.00 target price for the company in a research note on Wednesday, January 15th. Jefferies Financial Group raised their target price on shares of EQT from $45.00 to $55.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Royal Bank of Canada reiterated a "sector perform" rating and set a $49.00 price objective on shares of EQT in a research report on Monday, January 6th. Finally, StockNews.com raised EQT from a "sell" rating to a "hold" rating in a research note on Friday, March 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.50.

EQT Stock Up 2.2 %

Shares of EQT stock traded up $1.15 during trading on Monday, hitting $54.03. 5,899,056 shares of the company were exchanged, compared to its average volume of 7,298,290. The firm has a market capitalization of $32.28 billion, a price-to-earnings ratio of 135.07, a P/E/G ratio of 0.64 and a beta of 1.12. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. The business's 50-day simple moving average is $51.33 and its 200 day simple moving average is $44.43. EQT Co. has a twelve month low of $30.02 and a twelve month high of $56.66.

EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings results 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 net margin of 4.37% and a return on equity of 4.35%. The business had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.81 billion. As a group, analysts forecast that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT's dividend payout ratio (DPR) is presently 157.50%.

EQT Company 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.