Silvant Capital Management LLC Invests $681,000 in EQT Corporation $EQT

Silvant Capital Management LLC acquired a new stake in EQT Corporation (NYSE:EQT) in the 2nd quarter, Holdings Channel reports. The firm acquired 12,799 shares of the oil and gas producer’s stock, valued at approximately $681,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EQT. Reaves W H & Co. Inc. grew its holdings in EQT by 12.9% in the fourth 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. raised its stake 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 worth $9,988,000 after buying an additional 32,921 shares during the last quarter. BOKF NA raised its stake in shares of EQT by 25.9% during the 4th quarter. BOKF NA now owns 138,368 shares of the oil and gas producer’s stock worth $7,417,000 after buying an additional 28,427 shares during the last quarter. Allstate Corp boosted its position in shares of EQT by 114.0% in the 4th quarter. Allstate Corp now owns 48,523 shares of the oil and gas producer’s stock worth $2,601,000 after buying an additional 25,852 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of EQT by 9.1% in the 4th 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 in the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Toby Z. Rice sold 175,328 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $55.03, for a total transaction of $9,648,299.84. Following the sale, the chief executive officer owned 2,157,865 shares in the company, valued at approximately $118,747,310.95. This trade represents a 7.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 274,042 shares of company stock worth $15,005,076 over the last quarter. Corporate insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EQT. Zacks Research cut shares of EQT from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. JPMorgan Chase & Co. lowered 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. BMO Capital Markets dropped their price objective on shares of EQT from $76.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday, May 13th. Stephens lifted their price objective on EQT from $71.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Finally, Morgan Stanley reduced their target price on EQT from $68.00 to $67.00 and set an “overweight” rating on the stock in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, EQT has a consensus rating of “Moderate Buy” and a consensus price target of $68.64.

Trending Headlines about EQT

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 Trading Up 0.5%

Shares of EQT stock opened at $53.92 on Friday. The company has a market capitalization of $33.73 billion, a price-to-earnings ratio of 12.51 and a beta of 0.58. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $51.95 and a 200 day moving average price of $56.47. EQT Corporation has a twelve month low of $47.94 and a twelve month high of $68.24.

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

EQT Dividend Announcement

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

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.