D L Carlson Investment Group Inc. Buys Shares of 32,481 EQT Corporation $EQT

D L Carlson Investment Group Inc. bought a new position in EQT Corporation (NYSE:EQT) in the 2nd quarter, Holdings Channel reports. The firm bought 32,481 shares of the oil and gas producer’s stock, valued at approximately $1,727,000.

Several other hedge funds have also made changes to their positions in EQT. BlackRock Inc. bought a new stake in shares of EQT in the second quarter valued at about $3,204,125,000. Bank of New York Mellon Corp bought a new position in EQT during the 2nd quarter worth about $512,148,000. Deutsche Bank AG purchased a new position in EQT during the 2nd quarter valued at about $119,461,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in EQT during the 2nd quarter valued at about $110,177,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of EQT in the 2nd quarter valued at about $78,630,000. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on EQT. Morgan Stanley lowered their price target on shares of EQT from $68.00 to $67.00 and set an “overweight” rating for the company in a research report on Wednesday. Weiss Ratings lowered shares of EQT from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. Freedom Capital raised EQT to a “strong-buy” rating in a research report on Tuesday, June 30th. Capital One Financial boosted their target price on shares of EQT from $64.00 to $68.00 and gave the stock an “overweight” rating in a report on Tuesday, April 28th. Finally, UBS Group decreased their price target on shares of EQT from $74.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $68.64.

Insider Buying and Selling at EQT

In other news, CEO Toby Z. Rice sold 175,328 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $55.03, for a total transaction of $9,648,299.84. Following the sale, the chief executive officer owned 2,157,865 shares in the company, valued at approximately $118,747,310.95. The trade was a 7.51% decrease in their ownership of the stock. The sale 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. Insiders sold a total of 274,042 shares of company stock worth $15,005,076 in the last 90 days. 0.72% of the stock is currently owned by insiders.

EQT Stock Performance

Shares of EQT stock opened at $53.92 on Friday. EQT Corporation has a 12-month low of $47.94 and a 12-month high of $68.24. The business’s fifty 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. The company has a market cap of $33.73 billion, a PE ratio of 12.51 and a beta of 0.58.

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

EQT Announces Dividend

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

Key Stories Impacting 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

EQT Company 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.