EQT (NYSE:EQT) CAO Sells $1,987,255.68 in Stock

EQT Corporation (NYSE:EQT) CAO Todd James sold 32,514 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $61.12, for a total transaction of $1,987,255.68. Following the completion of the sale, the chief accounting officer owned 58,796 shares of the company’s stock, valued at approximately $3,593,611.52. This represents a 35.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

EQT Stock Performance

Shares of EQT stock opened at $61.34 on Friday. The firm has a market cap of $38.29 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 0.40 and a beta of 0.74. The stock’s 50-day moving average is $55.23 and its 200-day moving average is $54.82. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.76 and a quick ratio of 0.76. EQT Corporation has a one year low of $43.57 and a one year high of $62.23.

EQT (NYSE:EQT) last posted its quarterly earnings data on Tuesday, February 17th. The oil and gas producer reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.14. EQT had a net margin of 23.59% and a return on equity of 7.25%. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period last year, the company earned $0.69 earnings per share. The firm’s revenue was up 24.8% compared to the same quarter last year. Equities analysts predict that EQT Corporation will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 17th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, February 17th. EQT’s dividend payout ratio is presently 19.94%.

Wall Street Analysts Forecast Growth

EQT has been the subject of several analyst reports. The Goldman Sachs Group lowered their target price on shares of EQT from $70.00 to $66.00 and set a “buy” rating on the stock in a report on Thursday, January 22nd. BMO Capital Markets lowered their price objective on shares of EQT from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Monday, January 12th. Wall Street Zen raised EQT from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. UBS Group reiterated a “buy” rating on shares of EQT in a research note on Wednesday, January 21st. Finally, TD Securities upgraded EQT to a “strong-buy” rating in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.55.

Key Headlines Impacting EQT

Here are the key news stories impacting EQT this week:

• Positive Sentiment: Reports say Global Infrastructure Partners (GIP) and EQT are in advanced talks to acquire power company AES — a potential strategic M&A that would expand EQT’s asset mix and scale if completed; takeover chatter often lifts buyer-sponsor equities on expectations of deal synergies or value creation. GIP and EQT Are Said to Near Deal to Acquire Power Firm AES
• Positive Sentiment: Multiple outlets repeat the same acquisition story (Investing.com, Seeking Alpha, Yahoo, U.S. News), reinforcing market attention and likely contributing to intraday buying as investors price in deal upside or strategic rationale. GIP, EQT in Advanced Talks to Acquire AES After 55% Share Surge
• Positive Sentiment: Recent analyst actions show upward momentum in street sentiment: several firms raised price targets and gave overweight/buy ratings (examples include Capital One and TD Cowen), supporting a firmer valuation backdrop and helping push the stock higher. Marketbeat Analyst Coverage Summary
• Neutral Sentiment: EQT sold its remaining stake in chemicals distributor Azelis — a portfolio cleanup move that crystallizes proceeds but is unlikely to materially change core natural-gas fundamentals in the near term. EQT exits remaining stake in Azelis Group
• Neutral Sentiment: Research pieces (Zacks, Benzinga) reiterate longer-term momentum/value arguments for EQT; these help investor conviction but are less likely to drive near-term moves than the M&A headlines. Zacks: EQT Momentum Thesis
• Negative Sentiment: Insider selling: EQT’s CAO sold 32,514 shares at ~$61.12 on Feb. 23, reducing an officer’s stake and adding a modest negative signal that some insiders are taking profits at current levels. Insider Selling: EQT CAO Sells Shares

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Westpac Banking Corp raised its stake in EQT by 6.6% during the third quarter. Westpac Banking Corp now owns 2,671 shares of the oil and gas producer’s stock worth $145,000 after acquiring an additional 165 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of EQT by 1.0% in the fourth quarter. Parallel Advisors LLC now owns 19,075 shares of the oil and gas producer’s stock valued at $1,022,000 after buying an additional 198 shares during the period. Rothschild Investment LLC raised its stake in shares of EQT by 0.5% during the fourth quarter. Rothschild Investment LLC now owns 46,582 shares of the oil and gas producer’s stock valued at $2,497,000 after acquiring an additional 215 shares during the last quarter. Fortitude Family Office LLC raised its position in EQT by 95.6% during the 4th quarter. Fortitude Family Office LLC now owns 573 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 280 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its holdings in EQT by 4.0% during the 4th quarter. Valeo Financial Advisors LLC now owns 11,813 shares of the oil and gas producer’s stock worth $633,000 after buying an additional 456 shares during the period. Institutional investors own 90.81% of the company’s stock.

About EQT

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.