D L Carlson Investment Group Inc. Purchases New Position in EQT Corporation $EQT

D L Carlson Investment Group Inc. purchased a new position in EQT Corporation (NYSE:EQT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 32,481 shares of the oil and gas producer’s stock, valued at approximately $1,727,000.

Several other large investors also recently added to or reduced their stakes in the stock. Reaves W H & Co. Inc. lifted its stake in shares of EQT by 12.9% in the 4th quarter. Reaves W H & Co. Inc. now owns 1,161,975 shares of the oil and gas producer’s stock valued at $62,282,000 after purchasing an additional 132,741 shares during the last quarter. Cullen Frost Bankers Inc. increased its position in shares of EQT by 21.5% during the 4th quarter. Cullen Frost Bankers Inc. now owns 186,352 shares of the oil and gas producer’s stock valued at $9,988,000 after purchasing an additional 32,921 shares during the last quarter. BOKF NA raised its holdings in EQT by 25.9% during the 4th quarter. BOKF NA now owns 138,368 shares of the oil and gas producer’s stock valued at $7,417,000 after buying an additional 28,427 shares during the period. Allstate Corp raised its holdings in EQT by 114.0% during the 4th quarter. Allstate Corp now owns 48,523 shares of the oil and gas producer’s stock valued at $2,601,000 after buying an additional 25,852 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in EQT by 9.1% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 583,072 shares of the oil and gas producer’s stock worth $31,253,000 after buying an additional 48,587 shares during the last quarter. 90.81% of the stock is owned by institutional investors.

EQT News Summary

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 Stock Performance

EQT stock opened at $53.92 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.19. The business’s fifty day simple moving average is $51.95 and its two-hundred day simple moving average is $56.47. EQT Corporation has a twelve month low of $47.94 and a twelve month high of $68.24. The firm has a market cap of $33.73 billion, a price-to-earnings ratio of 12.51 and a beta of 0.58.

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

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 5th will be issued a dividend of $0.165 per share. The ex-dividend date is Wednesday, August 5th. This represents a $0.66 dividend on an annualized basis and a yield of 1.2%. EQT’s dividend payout ratio (DPR) is presently 15.31%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several research firms have commented on EQT. Citigroup dropped their price objective on shares of EQT from $70.00 to $67.00 and set a “buy” rating for the company in a research note on Tuesday, July 28th. Barclays lowered their target price on shares of EQT from $70.00 to $68.00 and set an “overweight” rating for the company in a report on Monday. Weiss Ratings cut shares of EQT from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. Morgan Stanley dropped their price target on shares of EQT from $68.00 to $67.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, BMO Capital Markets cut their price target on shares of EQT from $76.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday, May 13th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $68.64.

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.