Whittier Trust Co. of Nevada Inc. Acquires 5,608 Shares of EQT Corporation (NYSE:EQT)

Whittier Trust Co. of Nevada Inc. increased its position in EQT Corporation (NYSE:EQT - Free Report) by 3.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 158,113 shares of the oil and gas producer's stock after acquiring an additional 5,608 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in EQT were worth $8,448,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. raised its stake in shares of EQT by 47.7% in the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer's stock worth $44,000 after buying an additional 310 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in EQT by 26.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock worth $45,000 after acquiring an additional 205 shares in the last quarter. Mascagni Wealth Management Inc. acquired a new stake in EQT in the 4th quarter valued at about $55,000. Colonial Trust Co SC boosted its position in shares of EQT by 255.5% during the 4th quarter. Colonial Trust Co SC now owns 1,422 shares of the oil and gas producer's stock valued at $66,000 after purchasing an additional 1,022 shares in the last quarter. Finally, Generali Investments Management Co LLC acquired a new position in shares of EQT in the 4th quarter worth approximately $69,000. Institutional investors own 90.81% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Roth Capital assumed coverage on shares of EQT in a research report on Tuesday, June 24th. They issued a "buy" rating and a $69.00 price target on the stock. Scotiabank reaffirmed a "sector perform" rating and set a $66.00 target price (up from $62.00) on shares of EQT in a report on Friday, July 11th. Royal Bank Of Canada lifted their price target on EQT from $55.00 to $60.00 and gave the stock a "sector perform" rating in a research note on Tuesday, July 8th. UBS Group reaffirmed a "buy" rating on shares of EQT in a research note on Monday. Finally, Barclays initiated coverage on shares of EQT in a research report on Monday, July 7th. They issued an "overweight" rating and a $65.00 target price on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $60.15.

EQT Stock Down 0.7%

NYSE:EQT traded down $0.42 during trading hours on Thursday, reaching $58.76. The company's stock had a trading volume of 6,118,208 shares, compared to its average volume of 8,080,731. 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 company has a market cap of $35.18 billion, a price-to-earnings ratio of 103.09, a price-to-earnings-growth ratio of 0.37 and a beta of 0.65. EQT Corporation has a one year low of $30.02 and a one year high of $61.02. The business's 50-day moving average is $56.44 and its 200-day moving average is $52.69.

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

EQT Announces Dividend

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

About EQT

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.