EQT Co. (NYSE:EQT) Stock Position Trimmed by Natixis

Natixis decreased its holdings in shares of EQT Co. (NYSE:EQT - Free Report) by 83.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,526 shares of the oil and gas producer's stock after selling 401,495 shares during the period. Natixis' holdings in EQT were worth $3,759,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EQT. Invesco Ltd. increased its position in EQT by 46.3% during the 4th quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer's stock worth $606,059,000 after purchasing an additional 4,162,065 shares during the period. Allspring Global Investments Holdings LLC increased its position in EQT by 386.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,347,660 shares of the oil and gas producer's stock worth $205,830,000 after purchasing an additional 3,454,741 shares during the period. Raymond James Financial Inc. acquired a new position in EQT during the 4th quarter worth approximately $113,924,000. Capital International Investors increased its position in EQT by 21.3% during the 4th quarter. Capital International Investors now owns 13,855,244 shares of the oil and gas producer's stock worth $638,867,000 after purchasing an additional 2,433,632 shares during the period. Finally, Clearbridge Investments LLC increased its position in EQT by 14.7% during the 4th quarter. Clearbridge Investments LLC now owns 13,829,938 shares of the oil and gas producer's stock worth $637,698,000 after purchasing an additional 1,774,696 shares during the period. Institutional investors and hedge funds own 90.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EQT shares. The Goldman Sachs Group restated a "reduce" rating on shares of EQT in a report on Wednesday, February 12th. Sanford C. Bernstein raised 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. Morgan Stanley raised their price target on EQT from $62.00 to $65.00 and gave the company an "overweight" rating in a research report on Thursday. Stephens dropped their price target on EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Finally, UBS Group dropped their price target on EQT from $55.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $55.39.

EQT Stock Performance

Shares of NYSE EQT traded up $1.44 during midday trading on Friday, hitting $50.26. The company's stock had a trading volume of 9,360,326 shares, compared to its average volume of 7,802,103. EQT Co. has a 1-year low of $30.02 and a 1-year high of $56.66. The firm's fifty day moving average price is $50.31 and its 200-day moving average price is $47.16. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. The firm has a market cap of $30.09 billion, a P/E ratio of 125.65, a P/E/G ratio of 0.64 and a beta of 1.35.

EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, beating the consensus estimate of $0.98 by $0.20. EQT had a net margin of 4.37% and a return on equity of 4.35%. The business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.16 billion. On average, sell-side analysts forecast that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th will be issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Wednesday, May 7th. EQT's dividend payout ratio (DPR) is presently 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.