EQT (NYSE:EQT) Stock Acquired Rep. Robert Bresnahan, Jr.

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of EQT Co. NYSE: EQT. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in EQT stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
• Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Occidental Petroleum NYSE: OXY on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 4/8/2025.
• Sold $1,001 - $15,000 in shares of QUALCOMM NASDAQ: QCOM on 4/8/2025.

EQT Stock Up 3.5 %

EQT stock traded up $1.88 during midday trading on Friday, reaching $55.28. The company had a trading volume of 7,706,021 shares, compared to its average volume of 7,884,267. The company has a 50 day moving average of $50.81 and a two-hundred day moving average of $48.10. The company has a market capitalization of $33.09 billion, a P/E ratio of 138.20, a PEG ratio of 0.64 and a beta of 0.59. EQT Co. has a 1 year low of $30.02 and a 1 year high of $56.66. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37.

EQT (NYSE:EQT - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.20. The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.16 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. On average, equities research analysts expect that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 7th will be given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, May 7th. EQT's payout ratio is presently 110.53%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on EQT shares. Sanford C. Bernstein raised shares of EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price objective for the company in a report on Wednesday, January 15th. Wells Fargo & Company increased their target price on EQT from $53.00 to $58.00 and gave the company an "overweight" rating in a research note on Wednesday, March 19th. Stephens cut their price target on EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Morgan Stanley increased their price target on shares of EQT from $62.00 to $65.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. boosted their price target on EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, EQT has a consensus rating of "Moderate Buy" and an average price target of $55.94.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Invesco Ltd. raised its stake in shares of EQT by 46.3% during the 4th quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer's stock worth $606,059,000 after purchasing an additional 4,162,065 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of EQT by 386.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,347,660 shares of the oil and gas producer's stock worth $205,830,000 after buying an additional 3,454,741 shares in the last quarter. Slate Path Capital LP purchased a new position in shares of EQT during the fourth quarter worth about $123,575,000. Castle Hook Partners LP raised its position in shares of EQT by 199.5% during the 4th quarter. Castle Hook Partners LP now owns 3,990,714 shares of the oil and gas producer's stock valued at $184,012,000 after buying an additional 2,658,375 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of EQT in the 4th quarter worth about $113,924,000. Institutional investors and hedge funds own 90.81% of the company's stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

About EQT

EQT Corporation operates as a natural gas production company in the United States. The company sells natural gas and natural gas liquids to marketers, utilities, and industrial customers through pipelines located in the Appalachian Basin. It also offers marketing services and contractual pipeline capacity management services.

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