Natixis Advisors L.P. Has $16.58 Million Stock Holdings in EQT Co. (NYSE:EQT)

Natixis Advisors L.P. grew its holdings in EQT Co. (NYSE:EQT) by 1.3% during the 4th quarter, Holdings Channel reports. The firm owned 428,912 shares of the oil and gas producer’s stock after purchasing an additional 5,374 shares during the period. Natixis Advisors L.P.’s holdings in EQT were worth $16,581,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of EQT. BKM Wealth Management LLC acquired a new position in shares of EQT in the 4th quarter valued at $40,000. Allworth Financial LP lifted its stake in EQT by 26.9% in the third quarter. Allworth Financial LP now owns 1,332 shares of the oil and gas producer’s stock valued at $54,000 after buying an additional 282 shares during the period. First Command Advisory Services Inc. bought a new position in EQT during the third quarter worth about $54,000. Massmutual Trust Co. FSB ADV grew its position in shares of EQT by 52.6% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,563 shares of the oil and gas producer’s stock worth $60,000 after buying an additional 539 shares during the period. Finally, CX Institutional acquired a new stake in shares of EQT in the 4th quarter valued at approximately $64,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EQT has been the subject of a number of analyst reports. Piper Sandler restated an “overweight” rating and set a $46.00 price objective (up previously from $41.00) on shares of EQT in a report on Tuesday, April 30th. Scotiabank upgraded EQT from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $40.00 to $52.00 in a report on Thursday, April 11th. TD Cowen started coverage on EQT in a report on Friday, April 19th. They issued a “hold” rating and a $43.00 price target for the company. Mizuho increased their target price on EQT from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. Finally, Sanford C. Bernstein raised shares of EQT from an “underperform” rating to a “market perform” rating and lifted their price target for the company from $27.00 to $34.00 in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $44.56.

EQT Stock Performance

Shares of EQT stock opened at $41.04 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.88. EQT Co. has a one year low of $31.58 and a one year high of $45.23. The business’s 50 day simple moving average is $36.90 and its 200 day simple moving average is $37.76. The stock has a market capitalization of $18.12 billion, a PE ratio of 29.74 and a beta of 1.09.

EQT (NYSE:EQT) last announced its earnings results on Tuesday, April 23rd. The oil and gas producer reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.17. EQT had a net margin of 10.96% and a return on equity of 4.57%. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the firm earned $1.70 earnings per share. EQT’s quarterly revenue was down 28.8% on a year-over-year basis. As a group, research analysts forecast that EQT Co. will post 1.14 earnings per share for the current year.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 8th will be paid a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.54%. The ex-dividend date is Tuesday, May 7th. EQT’s dividend payout ratio (DPR) is currently 45.65%.

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.