EQT Co. (NYSE:EQT) Shares Bought by Natixis Advisors L.P.

Natixis Advisors L.P. lifted its position in shares of EQT Co. (NYSE:EQT) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 428,912 shares of the oil and gas producer’s stock after purchasing an additional 5,374 shares during the period. Natixis Advisors L.P. owned about 0.10% of EQT worth $16,581,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in EQT. BKM Wealth Management LLC purchased a new position in EQT in the 4th quarter valued at about $40,000. Allworth Financial LP grew its stake in EQT by 26.9% during the 3rd quarter. Allworth Financial LP now owns 1,332 shares of the oil and gas producer’s stock valued at $54,000 after purchasing an additional 282 shares in the last quarter. First Command Advisory Services Inc. purchased a new stake in EQT during the 3rd quarter worth approximately $54,000. Massmutual Trust Co. FSB ADV raised its position in shares of EQT by 52.6% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,563 shares of the oil and gas producer’s stock valued at $60,000 after purchasing an additional 539 shares in the last quarter. Finally, CX Institutional purchased a new position in shares of EQT during the 4th quarter valued at approximately $64,000. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

EQT Stock Performance

EQT stock opened at $41.04 on Tuesday. The company has a market capitalization of $18.12 billion, a P/E ratio of 29.74 and a beta of 1.09. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.32. The company has a 50-day simple moving average of $36.90 and a 200 day simple moving average of $37.76. EQT Co. has a fifty-two week low of $31.58 and a fifty-two week high of $45.23.

EQT (NYSE:EQT) last posted its quarterly earnings data on Tuesday, April 23rd. The oil and gas producer reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.17. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.58 billion. EQT had a net margin of 10.96% and a return on equity of 4.57%. The business’s revenue for the quarter was down 28.8% on a year-over-year basis. During the same quarter last year, the business earned $1.70 earnings per share. Sell-side analysts predict that EQT Co. will post 1.14 earnings per share for the current fiscal year.

EQT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 8th will be paid a dividend of $0.1575 per share. The ex-dividend date is Tuesday, May 7th. This represents a $0.63 annualized dividend and a yield of 1.54%. EQT’s dividend payout ratio is currently 45.65%.

Analyst Ratings Changes

A number of research firms have commented on EQT. Morgan Stanley increased their price objective on shares of EQT from $37.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, April 17th. StockNews.com raised EQT to a “sell” rating in a report on Tuesday, March 12th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $37.00 target price (down previously from $39.00) on shares of EQT in a report on Wednesday, March 20th. Sanford C. Bernstein upgraded EQT from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $27.00 to $34.00 in a report on Wednesday, April 10th. Finally, Jefferies Financial Group raised their price objective on EQT from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $44.56.

EQT Company 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.