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

Whittier Trust Co. of Nevada Inc. boosted its position in EQT Co. (NYSE:EQT) by 5.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 152,505 shares of the oil and gas producer’s stock after acquiring an additional 7,403 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in EQT were worth $7,032,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EQT. Truvestments Capital LLC bought a new position in EQT in the third quarter worth approximately $30,000. Quarry LP boosted its holdings in EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 578 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in EQT in the third quarter worth approximately $36,000. Financial Avengers Inc. lifted its holdings 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 purchasing an additional 504 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of EQT by 26.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock valued at $45,000 after purchasing an additional 205 shares in the last quarter. Institutional investors own 90.81% of the company’s stock.

EQT Stock Performance

Shares of EQT opened at $53.74 on Friday. The firm has a market cap of $32.11 billion, a PE ratio of 134.36, a PEG ratio of 0.64 and a beta of 1.12. The stock’s fifty day moving average price is $51.17 and its two-hundred day moving average price is $43.99. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. EQT Co. has a 1 year low of $30.02 and a 1 year high of $56.66.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.19. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. On average, equities research analysts forecast that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a dividend of $0.1575 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.17%. EQT’s payout ratio is 157.50%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wells Fargo & Company raised their target price on EQT from $53.00 to $58.00 and gave the company an “overweight” rating in a report on Wednesday. Stephens upgraded EQT from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $41.00 to $59.00 in a report on Tuesday. Citigroup raised their target price on EQT from $51.00 to $60.00 and gave the company a “buy” rating in a report on Monday. Scotiabank lowered EQT from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $55.00 to $54.00 in a report on Friday, January 17th. Finally, 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.