Whittier Trust Co. Acquires 6,760 Shares of EQT Corporation (NYSE:EQT)

Whittier Trust Co. boosted its position in shares of EQT Corporation (NYSE:EQT - Free Report) by 2.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 295,253 shares of the oil and gas producer's stock after acquiring an additional 6,760 shares during the period. Whittier Trust Co.'s holdings in EQT were worth $15,775,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in EQT by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 72,530,286 shares of the oil and gas producer's stock valued at $3,344,371,000 after acquiring an additional 358,649 shares in the last quarter. Geode Capital Management LLC grew its stake in EQT by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 14,427,307 shares of the oil and gas producer's stock valued at $663,552,000 after acquiring an additional 429,733 shares in the last quarter. Capital International Investors grew its stake in EQT by 21.3% during the fourth quarter. Capital International Investors now owns 13,855,244 shares of the oil and gas producer's stock valued at $638,867,000 after acquiring an additional 2,433,632 shares in the last quarter. Clearbridge Investments LLC grew its stake in EQT by 14.7% during the fourth quarter. Clearbridge Investments LLC now owns 13,829,938 shares of the oil and gas producer's stock valued at $637,698,000 after acquiring an additional 1,774,696 shares in the last quarter. Finally, Invesco Ltd. grew its stake in EQT by 46.3% during the fourth quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer's stock valued at $606,059,000 after acquiring an additional 4,162,065 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company's stock.

EQT Trading Up 1.5%

EQT stock traded up $0.88 during mid-day trading on Wednesday, reaching $59.12. 10,267,250 shares of the company traded hands, compared to its average volume of 8,088,577. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.57 and a quick ratio of 0.57. The firm's 50 day moving average price is $56.44 and its 200 day moving average price is $52.69. The firm has a market capitalization of $35.40 billion, a price-to-earnings ratio of 103.72, a P/E/G ratio of 0.37 and a beta of 0.65. EQT Corporation has a 52-week low of $30.02 and a 52-week high of $61.02.

EQT (NYSE:EQT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.20. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.16 billion. EQT had a net margin of 6.59% and a return on equity of 5.52%. On average, analysts anticipate that EQT Corporation will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 6th will be given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.07%. EQT's payout ratio is currently 110.53%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EQT. TD Cowen upgraded shares of EQT from a "hold" rating to a "buy" rating and set a $54.00 target price for the company in a research report on Tuesday, April 8th. Barclays began coverage on shares of EQT in a research report on Monday, July 7th. They set an "overweight" rating and a $65.00 target price for the company. Roth Capital started coverage on shares of EQT in a research report on Tuesday, June 24th. They set a "buy" rating and a $69.00 target price for the company. UBS Group restated a "buy" rating on shares of EQT in a report on Monday. Finally, Wall Street Zen lowered shares of EQT from a "hold" rating to a "sell" rating in a report on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, EQT currently has an average rating of "Moderate Buy" and a consensus target price of $60.15.

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.