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

Whittier Trust Co. of Nevada Inc. increased its holdings in shares of EQT Co. (NYSE:EQT - Free Report) by 5.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 152,505 shares of the oil and gas producer's stock after buying an additional 7,403 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in EQT were worth $7,032,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new stake in shares of EQT in the third quarter worth $30,000. Quarry LP lifted its holdings in EQT by 184.7% during the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer's stock worth $33,000 after buying an additional 578 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in EQT by 26.6% during the 4th 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 during the period. Brown Brothers Harriman & Co. bought a new stake in shares of EQT in the 3rd quarter valued at about $36,000. Finally, Financial Avengers Inc. increased its stake in shares of EQT by 100.8% in the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer's stock valued at $37,000 after buying an additional 504 shares during the period. 90.81% of the stock is currently owned by institutional investors and hedge funds.

EQT Stock Up 0.5 %

NYSE:EQT traded up $0.25 on Tuesday, hitting $54.25. The stock had a trading volume of 4,417,995 shares, compared to its average volume of 7,294,719. EQT Co. has a 1 year low of $30.02 and a 1 year high of $56.66. The firm's fifty day simple moving average is $51.33 and its two-hundred day simple moving average is $44.43. 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 stock has a market cap of $32.41 billion, a P/E ratio of 135.63, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12.

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EQT (NYSE:EQT - Get Free Report) last issued 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. EQT had a return on equity of 4.35% and a net margin of 4.37%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. Analysts predict that EQT Co. will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT's dividend payout ratio (DPR) is currently 157.50%.

Wall Street Analyst Weigh In

Several analysts recently commented on EQT shares. Sanford C. Bernstein upgraded EQT from a "market perform" rating to an "outperform" rating and set a $73.00 target price on the stock in a report on Wednesday, January 15th. Truist Financial lifted their price objective on shares of EQT from $41.00 to $56.00 and gave the company a "hold" rating in a research note on Monday, January 13th. The Goldman Sachs Group reissued a "reduce" rating on shares of EQT in a research report on Wednesday, February 12th. Morgan Stanley boosted their price objective on EQT from $45.00 to $56.00 and gave the company an "overweight" rating in a report on Monday, November 25th. Finally, Piper Sandler increased their target price on EQT from $35.00 to $36.00 and gave the stock a "neutral" rating in a report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $54.50.

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.