Whittier Trust Co. of Nevada Inc. grew its stake in EQT Corporation (NYSE:EQT – Free Report) by 5.6% during the 1st quarter, HoldingsChannel reports. The firm owned 302,193 shares of the oil and gas producer’s stock after acquiring an additional 16,051 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in EQT were worth $18,252,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of EQT. Greykasell Wealth Strategies Inc. acquired a new stake in EQT in the 4th quarter valued at $26,000. Aventura Private Wealth LLC acquired a new position in EQT during the fourth quarter worth $31,000. Fortitude Family Office LLC raised its stake in EQT by 95.6% during the fourth quarter. Fortitude Family Office LLC now owns 573 shares of the oil and gas producer’s stock worth $31,000 after acquiring an additional 280 shares in the last quarter. Elyxium Wealth LLC bought a new position in shares of EQT during the fourth quarter valued at $49,000. Finally, Root Financial Partners LLC lifted its holdings 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 acquiring an additional 202 shares during the period. Institutional investors own 90.81% of the company’s stock.
Insider Buying and Selling
In related news, Director Vicky A. Bailey sold 4,116 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $59.80, for a total value of $246,136.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Toby Z. Rice sold 96,983 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $54.28, for a total value of $5,264,237.24. Following the transaction, the chief executive officer owned 2,334,924 shares of the company’s stock, valued at $126,739,674.72. The trade was a 3.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 102,830 shares of company stock worth $5,602,913. Insiders own 0.72% of the company’s stock.
EQT Trading Down 0.0%
EQT (NYSE:EQT – Get Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The oil and gas producer reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.32. EQT had a return on equity of 9.74% and a net margin of 31.94%.The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same period last year, the company earned $1.18 earnings per share. As a group, equities research analysts expect that EQT Corporation will post 4.44 EPS for the current year.
EQT Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Wednesday, May 6th were paid a $0.165 dividend. The ex-dividend date of this dividend was Wednesday, May 6th. This represents a $0.66 dividend on an annualized basis and a yield of 1.3%. EQT’s dividend payout ratio (DPR) is presently 12.52%.
Analyst Ratings Changes
A number of brokerages recently issued reports on EQT. Stephens dropped their target price on shares of EQT from $78.00 to $73.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. JPMorgan Chase & Co. reduced their price target on shares of EQT from $72.00 to $68.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 23rd. Evercore upped their price objective on shares of EQT from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, April 6th. Jefferies Financial Group cut their target price on shares of EQT from $77.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Wolfe Research boosted their target price on EQT from $64.00 to $69.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, EQT has a consensus rating of “Moderate Buy” and an average price target of $68.25.
Trending Headlines about EQT
Here are the key news stories impacting EQT this week:
- Positive Sentiment: Freedom Capital upgraded EQT Corporation to strong-buy, which can support sentiment around the stock. Tickerreport.com article
- Positive Sentiment: Analysts expect EQT’s upcoming second-quarter earnings report to show double-digit bottom-line growth, suggesting the company may deliver stronger profitability when it reports later this month. Barchart article
- Neutral Sentiment: EQT Corporation announced it will release second-quarter 2026 results on July 21 and host a conference call on July 22. This is a routine earnings-calendar update, but it keeps attention on the next catalyst for the stock. PR Newswire article
- Neutral Sentiment: Several research notes from Zacks Research were mixed, with some near-term earnings estimates lowered for 2026 and 2027, while a few longer-dated estimates were raised. That creates a mostly mixed outlook rather than a clear catalyst. MarketBeat article
- Negative Sentiment: Morgan Stanley cut its price target on EQT to $68 from $74, even while keeping an Overweight rating, which may have weighed on sentiment. Yahoo Finance article
- Negative Sentiment: Zacks Research lowered its 2026 and 2027 EPS estimates for EQT, including a notable reduction to FY2026 earnings expectations, which can pressure the stock if investors focus on softer forward earnings. MarketBeat article
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.
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