42,351 Shares in EQT Corporation $EQT Purchased by Nykredit A S

Key Points

• Nykredit A S acquired 42,351 EQT shares during the second quarter, valued at approximately $2.25 million. Institutional investors collectively own 90.81% of the company.
• EQT expects higher U.S. natural-gas production in 2026 while spending less, which could improve efficiency and free cash flow if market conditions remain favorable. The company is also linked to a long-term gas supply agreement between Lithuania and the United States.
• EQT’s latest quarterly results fell short of analyst expectations, with $0.39 in adjusted EPS and $1.68 billion in revenue, down 29.2% year over year. CEO Toby Rice separately sold shares worth about $9.65 million under a pre-arranged Rule 10b5-1 plan.

Nykredit A S acquired a new stake in EQT Corporation (NYSE:EQT - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 42,351 shares of the oil and gas producer's stock, valued at approximately $2,252,000.

Other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC boosted its holdings 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 worth $1,022,000 after acquiring an additional 198 shares during the period. Root Financial Partners LLC boosted its position in shares of EQT by 35.4% in the first quarter. Root Financial Partners LLC now owns 773 shares of the oil and gas producer's stock valued at $49,000 after acquiring an additional 202 shares during the period. Rothschild Investment LLC grew its stake in 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 in the last quarter. EverSource Wealth Advisors LLC grew its stake in EQT by 4.0% during the first quarter. EverSource Wealth Advisors LLC now owns 6,154 shares of the oil and gas producer's stock valued at $392,000 after acquiring an additional 236 shares in the last quarter. Finally, United Capital Financial Advisors LLC increased its holdings in EQT by 1.4% during the 2nd quarter. United Capital Financial Advisors LLC now owns 23,897 shares of the oil and gas producer's stock worth $1,271,000 after acquiring an additional 340 shares during the period. 90.81% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about EQT

Here are the key news stories impacting EQT this week:

• Positive Sentiment: CEO Toby Rice said EQT expects to produce more U.S. natural gas in 2026 while spending less than in the prior year. The combination could improve operating efficiency and free cash flow if gas prices and demand remain supportive, although higher production could also pressure prices. EQT sees higher 2026 US natgas output on lower spending, CEO says
• Positive Sentiment: EQT was advised on what is described as the first long-term gas supply contract between Lithuania and the United States. The agreement could support long-term demand for U.S. natural gas and strengthen EQT’s access to international markets, though the article does not disclose contract volumes or financial terms. Kirkland Advises EQT on First Long-Term Gas Supply Contract Between Lithuania and the U.S.
• Neutral Sentiment: Reports that EQT is buying a 5.2-million-square-foot Southern California logistics portfolio appear to concern an EQT real-estate investment affiliate, not EQT Corporation’s publicly traded natural-gas business. The transaction should not materially affect EQT’s reported energy results. EQT Buys 5.2M SF Southern California Logistics Portfolio
• Neutral Sentiment: EQT AB’s purchase of environmental-services company Urbaser for $6.6 billion and its unsuccessful takeover attempts involving Australia’s Perpetual are private-equity developments involving a different company. They may create headline confusion but do not directly change EQT Corporation’s production, revenue or balance sheet. Platinum Equity completes $6.6bn sale of Urbaser to Blackstone and EQT

Insider Transactions at EQT

In related news, CEO Toby Rice sold 175,328 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $55.03, for a total value of $9,648,299.84. Following the transaction, the chief executive officer owned 2,157,865 shares of the company's stock, valued at $118,747,310.95. This represents a 7.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 1.4%

Shares of EQT opened at $50.84 on Wednesday. EQT Corporation has a 1-year low of $47.94 and a 1-year high of $68.24. The company has a market capitalization of $31.80 billion, a P/E ratio of 11.80 and a beta of 0.58. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.67 and a quick ratio of 0.67. The firm's 50 day simple moving average is $52.99 and its 200 day simple moving average is $55.72.

EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The oil and gas producer reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.02). The company had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.76 billion. EQT had a return on equity of 9.31% and a net margin of 28.44%.EQT's quarterly revenue was down 29.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS. Sell-side analysts forecast that EQT Corporation will post 3.92 earnings per share for the current fiscal year.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 5th were given a $0.165 dividend. The ex-dividend date was Wednesday, August 5th. This represents a $0.66 annualized dividend and a yield of 1.3%. EQT's payout ratio is 15.31%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Freedom Capital upgraded shares of EQT to a "strong-buy" rating in a research note on Tuesday, June 30th. The Goldman Sachs Group decreased their price target on shares of EQT from $65.00 to $63.00 and set a "buy" rating on the stock in a report on Tuesday, June 30th. Stephens reiterated an "overweight" rating and issued a $71.00 price objective on shares of EQT in a research report on Thursday, September 17th. Sanford C. Bernstein reissued an "outperform" rating on shares of EQT in a research note on Thursday, July 30th. Finally, Zacks Research upgraded EQT from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 27th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $68.14.

EQT Profile

EQT Corporation is a natural gas exploration and production company headquartered in Pittsburgh, Pennsylvania. The company primarily develops and operates unconventional oil and gas properties in the Appalachian Basin, with a focus on natural gas production from the Marcellus and Utica shale formations.

EQT's products include natural gas, natural gas liquids and condensate. Its operations span drilling, well completion, production and related gathering activities, supporting the delivery of energy to utilities, industrial customers, marketers and other buyers.

Want to see what other hedge funds are holding EQT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EQT Corporation (NYSE:EQT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.