Sound Shore Management Inc. CT Lowers Stake in EQT Corporation $EQT

Sound Shore Management Inc. CT lessened its stake in EQT Corporation (NYSE:EQT) by 0.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,517,587 shares of the oil and gas producer’s stock after selling 9,234 shares during the quarter. EQT makes up about 2.6% of Sound Shore Management Inc. CT’s portfolio, making the stock its 23rd biggest holding. Sound Shore Management Inc. CT owned 0.24% of EQT worth $81,343,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EQT. Caxton Associates LLP purchased a new stake in EQT in the 1st quarter worth $256,000. Focus Partners Wealth raised its holdings in shares of EQT by 9.0% during the 1st quarter. Focus Partners Wealth now owns 21,637 shares of the oil and gas producer’s stock worth $1,156,000 after acquiring an additional 1,789 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of EQT by 495.2% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 128,060 shares of the oil and gas producer’s stock worth $7,468,000 after acquiring an additional 106,545 shares during the period. Captrust Financial Advisors increased its position in shares of EQT by 39.4% during the 2nd quarter. Captrust Financial Advisors now owns 30,617 shares of the oil and gas producer’s stock worth $1,786,000 after purchasing an additional 8,658 shares during the last quarter. Finally, Wellington Shields & Co. LLC increased its position in shares of EQT by 17.9% during the 3rd quarter. Wellington Shields & Co. LLC now owns 9,200 shares of the oil and gas producer’s stock worth $501,000 after purchasing an additional 1,400 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on EQT shares. TD Cowen raised their price objective on EQT from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Jefferies Financial Group reaffirmed a “buy” rating on shares of EQT in a research report on Sunday, April 26th. BMO Capital Markets cut their target price on EQT from $76.00 to $70.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. The Goldman Sachs Group cut their target price on EQT from $68.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Finally, Citigroup raised their price target on EQT from $66.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $68.83.

EQT Stock Performance

Shares of EQT stock opened at $54.56 on Thursday. The company has a market cap of $34.13 billion, a price-to-earnings ratio of 10.35 and a beta of 0.55. The stock has a 50 day simple moving average of $58.70 and a 200-day simple moving average of $57.81. EQT Corporation has a 12-month low of $48.47 and a 12-month high of $68.24. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.19.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, April 21st. The oil and gas producer reported $2.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.32. The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.14 billion. EQT had a return on equity of 9.74% and a net margin of 31.94%.During the same period in the prior year, the business posted $1.18 EPS. On average, equities analysts forecast that EQT Corporation will post 4.7 EPS for the current year.

EQT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 6th were issued a $0.165 dividend. The ex-dividend date was Wednesday, May 6th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.2%. EQT’s dividend payout ratio is currently 12.52%.

Insider Buying and Selling

In related news, Director Vicky A. Bailey sold 4,116 shares of the company’s stock in a transaction that occurred on 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 document filed with the SEC, which is accessible through this hyperlink. Also, EVP Sarah Fenton sold 4,876 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $64.49, for a total value of $314,453.24. Following the completion of the sale, the executive vice president directly owned 52,953 shares in the company, valued at approximately $3,414,938.97. The trade was a 8.43% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.72% of the company’s stock.

Trending Headlines about EQT

Here are the key news stories impacting EQT this week:

• Positive Sentiment: Analysts at Zacks Research raised multiple earnings forecasts for EQT, including higher estimates for FY2026, FY2027, and several quarterly periods, which suggests expectations are improving for the company’s gas production earnings power.
• Positive Sentiment: EQT launched Infrastructure VII, a new multi-billion-euro fund targeting as much as €21 billion, with a focus on AI-related data centers, fiber networks, and other digital infrastructure assets. Investors may view this as a sign EQT is leaning into a high-growth theme with strong demand. Article Title
• Positive Sentiment: EQT Real Estate set a $6 billion target for its Exeter Industrial Value Fund VII, reinforcing fee-generating fundraising momentum across the company’s alternatives platform. Article Title
• Positive Sentiment: EQT completed a purchase of six U.K. logistics assets from Tritax Big Box REIT for £199 million, a move that expands its property portfolio and signals continued deployment of capital into industrial real estate. Article Title
• Positive Sentiment: ATP and EQT announced a global partnership, adding another strategic development that could support EQT’s long-term growth and asset base. Article Title
• Neutral Sentiment: Commentary from EQT’s Salata on AI infrastructure buildout and other articles highlighting EQT’s exposure to the digital economy may be helping sentiment, but these are more thematic than immediate stock-moving catalysts. Article Title
• Neutral Sentiment: Jim Cramer coverage and “top growth stock” style articles may add attention, but they do not appear to materially change the investment case on their own. Article Title
• Negative Sentiment: Despite the positive news flow, EQT’s shares remain below recent moving averages and recent analyst updates were mixed in tone, with some near-term estimate trims alongside the upgrades, which may temper enthusiasm.

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.