12,950 Shares in EQT Corporation $EQT Bought by Laurel Wealth Advisors LLC

Laurel Wealth Advisors LLC purchased a new stake in shares of EQT Corporation (NYSE:EQT) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 12,950 shares of the oil and gas producer’s stock, valued at approximately $629,000.

Several other large investors have also recently added to or reduced their stakes in EQT. The Manufacturers Life Insurance Company acquired a new stake in shares of EQT during the second quarter worth $163,705,000. Bank of America Corp DE lifted its position in shares of EQT by 7.2% in the 2nd quarter. Bank of America Corp DE now owns 4,240,709 shares of the oil and gas producer’s stock worth $225,478,000 after buying an additional 284,244 shares during the last quarter. NEOS Investment Management LLC lifted its position in shares of EQT by 14.8% in the 2nd quarter. NEOS Investment Management LLC now owns 102,572 shares of the oil and gas producer’s stock worth $5,454,000 after buying an additional 13,201 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of EQT by 156.2% in the 2nd quarter. QRG Capital Management Inc. now owns 93,774 shares of the oil and gas producer’s stock valued at $4,986,000 after buying an additional 57,179 shares during the period. Finally, Core Capital Management & Research inc. acquired a new position in shares of EQT in the 2nd quarter valued at about $1,074,000. 90.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at EQT

In other news, CEO Toby Rice sold 175,328 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly 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 filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.72% of the company’s stock.

EQT Trading Up 0.0%

Shares of NYSE:EQT opened at $56.27 on Thursday. The company has a market cap of $35.20 billion, a PE ratio of 13.06 and a beta of 0.66. The company’s 50-day moving average price is $53.16 and its 200 day moving average price is $55.46. EQT Corporation has a fifty-two week low of $47.94 and a fifty-two week high of $68.24. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.19.

EQT (NYSE:EQT) last posted its earnings results on Tuesday, October 27th. The oil and gas producer reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.05. EQT had a net margin of 28.44% and a return on equity of 9.31%. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same period in the previous year, the business posted $0.52 EPS. EQT’s revenue was down 9.6% on a year-over-year basis. Sell-side analysts anticipate that EQT Corporation will post 3.91 earnings per share for the current year.

EQT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Wednesday, November 4th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from EQT’s previous quarterly dividend of $0.1650. The ex-dividend date of this dividend is Wednesday, November 4th. EQT’s dividend payout ratio is presently 15.78%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Mizuho lowered their price objective on shares of EQT from $72.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Stifel Nicolaus initiated coverage on shares of EQT in a report on Wednesday, September 9th. They issued a “buy” rating and a $66.00 target price on the stock. Weiss Ratings downgraded EQT from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. Wall Street Zen downgraded EQT from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Finally, Zacks Research raised EQT from a “strong sell” rating to a “hold” rating in a report on Thursday, August 27th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $67.78.

Trending Headlines about EQT

Here are the key news stories impacting EQT this week:

• Positive Sentiment: EQT’s proposed all-stock acquisition of Range Resources would create a natural-gas producer valued at more than $50 billion. Management expects greater scale, cost savings and stronger free cash flow, potentially improving EQT’s competitive position in the U.S. gas market. EQT to Acquire Range Resources, Create a Leading Natural Gas Company
• Positive Sentiment: Third-quarter adjusted earnings of $0.42 per share exceeded analyst expectations of approximately $0.37-$0.38, helped by lower operating costs and capital discipline. Revenue of $1.77 billion also slightly surpassed estimates of $1.76 billion. EQT Q3 Earnings Beat Estimates on Lower Operating Costs, Revenues Miss
• Positive Sentiment: Freedom Broker maintained a “buy” rating while lowering its price target from $81 to $77, implying substantial potential upside from recent trading levels. Freedom Broker price target
• Neutral Sentiment: Wells Fargo reduced its target from $79 to $71 but retained an “overweight” rating, indicating continued confidence despite more cautious valuation assumptions. Wells Fargo price target
• Negative Sentiment: Quarterly revenue declined 9.6% year over year, earnings fell from $0.52 per share in the prior-year period, and lower gas volumes and cash flow remain concerns. The Range transaction also includes a potentially significant $1.148 billion reverse termination fee, adding execution and financial risk. EQT Range Resources termination fee
• Negative Sentiment: Scotiabank lowered its target from $54 to $53 and kept a “sector perform” rating, reflecting limited near-term upside in its view. Scotiabank price target

EQT Profile

EQT Corporation is a natural gas exploration and production company headquartered in Pittsburgh, Pennsylvania. The company develops and operates unconventional oil and gas properties, with a primary focus on natural gas and natural gas liquids produced from shale formations.

EQT’s operations are concentrated in the Appalachian Basin, particularly the Marcellus and Utica shale formations in Pennsylvania, West Virginia and Ohio. Its activities include drilling, completion, production and management of natural gas wells, along with related gathering and infrastructure operations that support the transportation of its products to market.

The company traces its roots to Equitable Gas, founded in 1878, and has evolved through multiple stages of expansion and restructuring in the U.S.