Thrivent Financial for Lutherans Raises Holdings in EQT Co. (NYSE:EQT)

Thrivent Financial for Lutherans increased its stake in shares of EQT Co. (NYSE:EQT) by 50.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,867 shares of the oil and gas producer’s stock after acquiring an additional 15,327 shares during the period. Thrivent Financial for Lutherans’ holdings in EQT were worth $2,096,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new stake in shares of EQT during the 3rd quarter worth approximately $30,000. Quarry LP grew its position in EQT by 184.7% during the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 578 shares during the period. Brown Brothers Harriman & Co. purchased a new position in EQT in the third quarter valued at $36,000. Financial Avengers Inc. raised its position in shares of EQT by 100.8% in the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock worth $37,000 after acquiring an additional 504 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of EQT by 26.6% during the 4th 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. 90.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EQT has been the subject of several recent analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $49.00 price target on shares of EQT in a research note on Monday, January 6th. UBS Group increased their target price on EQT from $54.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. Stephens raised shares of EQT from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $41.00 to $59.00 in a research note on Tuesday, March 18th. Piper Sandler increased their price objective on shares of EQT from $35.00 to $36.00 and gave the company a “neutral” rating in a report on Thursday, March 6th. Finally, Truist Financial lifted their target price on shares of EQT from $41.00 to $56.00 and gave the company a “hold” rating in a research report on Monday, January 13th. One 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. According to MarketBeat, EQT presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.11.

EQT Trading Up 1.4 %

Shares of EQT stock opened at $53.07 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. EQT Co. has a twelve month low of $30.02 and a twelve month high of $56.66. The company’s 50-day moving average price is $51.38 and its 200-day moving average price is $44.84. The stock has a market cap of $31.71 billion, a price-to-earnings ratio of 132.68, a PEG ratio of 0.64 and a beta of 1.12.

EQT (NYSE:EQT) last posted its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.19. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. As a group, equities analysts predict that EQT Co. will post 3.27 earnings per share for the current 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 paid a dividend of $0.1575 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 annualized dividend and a yield of 1.19%. EQT’s dividend payout ratio (DPR) is 157.50%.

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.