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

Whittier Trust Co. raised its position in EQT Co. (NYSE:EQT) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,493 shares of the oil and gas producer’s stock after buying an additional 12,442 shares during the quarter. Whittier Trust Co.’s holdings in EQT were worth $13,302,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Atria Investments Inc bought a new stake in shares of EQT during the third quarter worth about $201,000. Oppenheimer Asset Management Inc. grew its holdings in shares of EQT by 28.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 18,875 shares of the oil and gas producer’s stock worth $692,000 after purchasing an additional 4,145 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in EQT by 245.8% in the third quarter. Oppenheimer & Co. Inc. now owns 26,387 shares of the oil and gas producer’s stock valued at $967,000 after acquiring an additional 18,757 shares during the last quarter. Natixis Advisors LLC boosted its holdings in 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 acquiring an additional 17,233 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in EQT by 71.4% in 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 acquiring an additional 12,723 shares during the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

EQT Stock Performance

Shares of EQT opened at $53.54 on Thursday. The stock’s 50-day simple moving average is $51.07 and its 200 day simple moving average is $43.92. The stock has a market capitalization of $31.99 billion, a price-to-earnings ratio of 133.85, a price-to-earnings-growth 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. EQT Co. has a 52-week low of $30.02 and a 52-week high of $56.66.

EQT (NYSE:EQT) last issued its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Research analysts forecast that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a dividend of $0.1575 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.18%. EQT’s dividend payout ratio is 157.50%.

Analyst Upgrades and Downgrades

EQT has been the topic of several analyst reports. Stephens upgraded EQT from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $41.00 to $59.00 in a report on Tuesday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $49.00 target price on shares of EQT in a report on Monday, January 6th. Truist Financial upped their target price on EQT from $41.00 to $56.00 and gave the company a “hold” rating in a report on Monday, January 13th. UBS Group boosted their price target on EQT from $54.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company boosted their price target on EQT from $53.00 to $58.00 and gave the company an “overweight” rating in a research note on Wednesday. One equities research 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 has an average rating of “Moderate Buy” and a consensus target price of $54.50.

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.