Meeder Advisory Services Inc. Makes New $517,000 Investment in EQT Corporation $EQT

Meeder Advisory Services Inc. bought a new position in EQT Corporation (NYSE:EQT) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 9,715 shares of the oil and gas producer’s stock, valued at approximately $517,000.

Other large investors have also recently modified their holdings of the company. Greykasell Wealth Strategies Inc. purchased a new position in EQT during the 4th quarter valued at about $26,000. Meeder Asset Management Inc. purchased a new stake in EQT in the second quarter worth about $26,000. Elyxium Wealth LLC purchased a new stake in EQT in the fourth quarter worth about $49,000. Root Financial Partners LLC increased its stake in shares of EQT by 35.4% during the first quarter. Root Financial Partners LLC now owns 773 shares of the oil and gas producer’s stock valued at $49,000 after purchasing an additional 202 shares in the last quarter. Finally, State of Wyoming bought a new position in shares of EQT during the second quarter valued at approximately $58,000. Institutional investors own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

EQT has been the subject of several recent research reports. Weiss Ratings lowered shares of EQT from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. BMO Capital Markets reduced their price objective on EQT from $76.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. Barclays lowered their price objective on EQT from $70.00 to $68.00 and set an “overweight” rating for the company in a research note on Monday. The Goldman Sachs Group dropped their target price on EQT from $65.00 to $63.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Finally, Freedom Capital upgraded EQT to a “strong-buy” rating in a report on Tuesday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, EQT currently has an average rating of “Moderate Buy” and a consensus target price of $68.64.

Trending Headlines about EQT

Here are the key news stories impacting EQT this week:

• Positive Sentiment: Morgan Stanley maintains an overweight rating: The firm lowered its price target modestly from $68 to $67, still implying substantial upside from recent trading levels. The target reduction is mildly negative, but the continued overweight rating supports the broader bullish analyst consensus. Benzinga report
• Positive Sentiment: Dividend provides support: EQT recently declared a quarterly dividend of $0.165 per share, or $0.66 annualized, representing an approximately 1.2% yield. Its low payout ratio of about 15% suggests room to maintain the distribution, assuming natural-gas cash flow remains healthy. EQT stock information
• Neutral Sentiment: Analyst expectations remain favorable but have eased: EQT carries a consensus “Moderate Buy” rating and an average price target near $68.48, while several firms have recently trimmed their targets. The stock remains below its 200-day moving average, indicating that investors are still cautious about the natural-gas outlook.
• Neutral Sentiment: Unrelated EQT-branded transactions: EQT Real Estate reportedly agreed to acquire a $1.2 billion Southern California industrial portfolio, while EQT AB acquired a majority stake in Australia’s Melbourne Storm and is considering asset sales in Vietnam. These transactions involve separate businesses and have no direct financial impact on EQT Corporation (NYSE: EQT). Rexford portfolio report
• Negative Sentiment: Recent earnings were below expectations: EQT’s latest quarterly EPS came in at $0.39 versus the $0.41 consensus, revenue declined 29.2% year over year to $1.68 billion, and revenue missed estimates. The results highlight sensitivity to weaker natural-gas prices and demand.
• Negative Sentiment: CEO share sale adds a modest overhang: CEO Toby Rice sold 175,328 shares worth approximately $9.65 million, reducing his direct stake by 7.51%. Because the transaction was executed under a pre-arranged Rule 10b5-1 plan, it is less concerning than discretionary selling but may still weigh on sentiment. SEC insider filing

Insider Transactions at EQT

In other EQT news, CEO Toby Z. Rice sold 175,328 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $55.03, for a total transaction of $9,648,299.84. Following the transaction, the chief executive officer owned 2,157,865 shares in the company, valued at approximately $118,747,310.95. This represents a 7.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 274,042 shares of company stock worth $15,005,076. 0.72% of the stock is currently owned by corporate insiders.

EQT Stock Performance

EQT stock opened at $53.92 on Friday. The stock’s 50 day simple moving average is $51.95 and its 200 day simple moving average is $56.47. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.19. EQT Corporation has a 12-month low of $47.94 and a 12-month high of $68.24. The stock has a market capitalization of $33.73 billion, a PE ratio of 12.51 and a beta of 0.58.

EQT (NYSE:EQT) last posted its quarterly earnings results on Tuesday, July 21st. The oil and gas producer reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.76 billion. EQT had a return on equity of 9.31% and a net margin of 28.44%.The firm’s revenue for the quarter was down 29.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 EPS. As a group, research analysts forecast that EQT Corporation will post 4.06 earnings per share for the current fiscal year.

EQT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 5th will be given a $0.165 dividend. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $0.66 dividend on an annualized basis and a yield of 1.2%. EQT’s payout ratio is 15.31%.

EQT Profile

EQT Corporation (NYSE: EQT) is a U.S.-based energy company focused on the exploration, development and production of natural gas. Headquartered in Pittsburgh, Pennsylvania, the company concentrates its upstream operations in the Appalachian Basin, producing from major shale formations including the Marcellus and Utica. EQT’s primary product is natural gas, with production activities supported by associated liquids and conventional gas assets where applicable.

In addition to drilling and well development, EQT operates and coordinates the infrastructure and commercial activities necessary to bring gas to market.