Natixis Advisors LLC Raises Holdings in EQT Co. (NYSE:EQT)

Natixis Advisors LLC grew its position in shares of EQT Co. (NYSE:EQT) by 118.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 389,448 shares of the oil and gas producer’s stock after buying an additional 211,544 shares during the period. Natixis Advisors LLC owned 0.07% of EQT worth $17,957,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EQT. Wellington Management Group LLP raised its stake in shares of EQT by 38.7% during the 3rd quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer’s stock valued at $2,716,968,000 after purchasing an additional 20,700,921 shares during the period. State Street Corp raised its stake in shares of EQT by 24.5% during the 3rd quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer’s stock valued at $1,359,183,000 after purchasing an additional 7,290,822 shares during the period. Geode Capital Management LLC raised its stake in shares of EQT by 34.4% during the 3rd quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer’s stock valued at $511,159,000 after purchasing an additional 3,582,418 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of 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 valued at $205,830,000 after purchasing an additional 3,454,741 shares during the period. Finally, Holocene Advisors LP bought a new stake in shares of EQT during the 3rd quarter valued at $97,979,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on EQT shares. Truist Financial boosted their price objective on EQT from $41.00 to $56.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Jefferies Financial Group boosted their price objective on EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. upped their target price on EQT from $58.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, March 13th. Wells Fargo & Company upped their target price on EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group restated a “reduce” rating on shares of EQT in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $54.22.

EQT Stock Up 1.7 %

EQT stock opened at $52.55 on Wednesday. EQT Co. has a twelve month low of $30.02 and a twelve month high of $56.66. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The firm has a market cap of $31.40 billion, a PE ratio of 131.38, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. The business has a 50 day moving average of $50.98 and a 200 day moving average of $43.85.

EQT (NYSE:EQT) last posted its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.19. The company had revenue of $1.82 billion during 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, research analysts forecast that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT’s payout ratio is 157.50%.

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.