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

Thrivent Financial for Lutherans raised its holdings in EQT Co. (NYSE:EQT) by 71.4% during the third quarter, Holdings Channel.com reports. The firm owned 30,540 shares of the oil and gas producer’s stock after purchasing an additional 12,723 shares during the quarter. Thrivent Financial for Lutherans’ holdings in EQT were worth $1,119,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Natixis Advisors LLC lifted its holdings in shares of EQT by 10.7% in the 3rd quarter. Natixis Advisors LLC now owns 177,904 shares of the oil and gas producer’s stock valued at $6,518,000 after buying an additional 17,233 shares during the period. Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in EQT by 23.5% in the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 17,588 shares of the oil and gas producer’s stock valued at $644,000 after acquiring an additional 3,345 shares during the period. Kentucky Retirement Systems lifted its holdings in EQT by 24.4% in the third quarter. Kentucky Retirement Systems now owns 41,383 shares of the oil and gas producer’s stock valued at $1,516,000 after acquiring an additional 8,106 shares during the period. Empowered Funds LLC boosted its position in shares of EQT by 29.0% during the 3rd quarter. Empowered Funds LLC now owns 196,443 shares of the oil and gas producer’s stock worth $7,198,000 after purchasing an additional 44,130 shares in the last quarter. Finally, Empirical Finance LLC grew its stake in shares of EQT by 4.4% during the 3rd quarter. Empirical Finance LLC now owns 19,440 shares of the oil and gas producer’s stock worth $712,000 after purchasing an additional 821 shares during the period. Hedge funds and other institutional investors own 90.81% of the company’s stock.

EQT Stock Up 0.4 %

Shares of NYSE EQT opened at $45.44 on Monday. The firm’s 50 day moving average price is $39.35 and its 200 day moving average price is $37.15. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a market cap of $27.11 billion, a P/E ratio of 54.10 and a beta of 1.06. EQT Co. has a 1 year low of $30.02 and a 1 year high of $48.02.

EQT (NYSE:EQT) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. EQT had a return on equity of 3.74% and a net margin of 5.52%. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the business earned $0.30 earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, sell-side analysts anticipate that EQT Co. will post 1.36 earnings per share for the current year.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 6th will be given a $0.1575 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 annualized dividend and a dividend yield of 1.39%. EQT’s dividend payout ratio is presently 75.00%.

Analyst Ratings Changes

A number of analysts recently commented on EQT shares. Wells Fargo & Company boosted their price objective on shares of EQT from $42.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Citigroup raised EQT from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $37.00 to $44.00 in a research note on Thursday, October 3rd. Stephens raised their price objective on EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Morgan Stanley boosted their target price on EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Finally, Truist Financial lifted their price target on EQT from $32.00 to $41.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. One equities 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.67.

EQT 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.