Rep. Thomas H. Kean, Jr. Acquires Shares of EQT Corporation (NYSE:EQT)

Key Points

• Rep. Thomas H. Kean Jr. purchased $1,001–$15,000 of EQT shares on July 7 through the Kean Family Partnership account.
• EQT reported weaker-than-expected quarterly results, with earnings per share of $0.39 versus the $0.41 consensus and revenue down 29.2% year over year to $1.68 billion.
• EQT shares opened at $53.74, while analysts maintained a broadly positive outlook with a “Moderate Buy” consensus rating and an average price target of $68.10; the company also declared a quarterly dividend of $0.165 per share.

Representative Thomas H. Kean, Jr. (Republican-New Jersey) recently bought shares of EQT Corporation NYSE: EQT. In a filing disclosed on August 18th, the Representative disclosed that they had bought between $1,001 and $15,000 in EQT stock on July 7th. The trade occurred in the Representative's "KEAN FAMILY PARTNERSHIP" account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Stryker NYSE: SYK on 7/22/2026.
• Sold $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 7/22/2026.
• Purchased $1,001 - $15,000 in shares of Toast NYSE: TOST on 7/8/2026.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 7/8/2026.
• Purchased $1,001 - $15,000 in shares of ESAB NYSE: ESAB on 7/7/2026.
• Sold $1,001 - $15,000 in shares of Analog Devices NASDAQ: ADI on 6/30/2026.
• Sold $1,001 - $15,000 in shares of S&P Global NYSE: SPGI on 6/29/2026.
• Sold $1,001 - $15,000 in shares of Markel Group NYSE: MKL on 6/29/2026.
• Sold $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 6/29/2026.
• Purchased $1,001 - $15,000 in shares of ESAB NYSE: ESAB on 6/24/2026.

EQT Price Performance

EQT stock opened at $53.74 on Friday. The firm has a 50 day moving average of $51.99 and a 200-day moving average of $56.45. The firm has a market capitalization of $33.62 billion, a P/E ratio of 12.47 and a beta of 0.58. EQT Corporation has a 12 month low of $47.94 and a 12 month high of $68.24. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.19.

EQT (NYSE:EQT - Get Free Report) last posted its earnings results on Tuesday, July 21st. The oil and gas producer reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.02). EQT had a return on equity of 9.31% and a net margin of 28.44%.The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period last year, the company posted $0.45 EPS. The business's revenue was down 29.2% on a year-over-year basis. As a group, sell-side analysts predict that EQT Corporation will post 3.97 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. Stockholders of record on Wednesday, August 5th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, August 5th. EQT's dividend payout ratio (DPR) is 15.31%.

Hedge Funds Weigh In On EQT

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC grew its holdings in 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 purchasing an additional 198 shares during the period. Root Financial Partners LLC increased its position in EQT by 35.4% during the 1st quarter. Root Financial Partners LLC now owns 773 shares of the oil and gas producer's stock valued at $49,000 after buying an additional 202 shares in the last quarter. Rothschild Investment LLC boosted its holdings in EQT by 0.5% in the fourth quarter. Rothschild Investment LLC now owns 46,582 shares of the oil and gas producer's stock worth $2,497,000 after acquiring an additional 215 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of EQT by 4.0% in the first quarter. EverSource Wealth Advisors LLC now owns 6,154 shares of the oil and gas producer's stock worth $392,000 after acquiring an additional 236 shares during the last quarter. Finally, United Capital Financial Advisors LLC grew its stake in shares of EQT by 1.4% in the second 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 last quarter. Hedge funds and other institutional investors own 90.81% of the company's stock.

Insider Buying and Selling at EQT

In other news, CEO Toby Z. Rice sold 175,328 shares of EQT stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 2,157,865 shares of the company's stock, valued at $118,747,310.95. The trade was a 7.51% decrease in their position. The transaction was disclosed in a document filed 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. Insiders sold 274,042 shares of company stock worth $15,005,076 in the last ninety days. 0.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EQT. Citigroup decreased their price target on shares of EQT from $70.00 to $67.00 and set a "buy" rating on the stock in a report on Tuesday, July 28th. JPMorgan Chase & Co. dropped their price objective on EQT from $72.00 to $68.00 and set an "overweight" rating for the company in a research note on Tuesday, June 23rd. Barclays dropped their price objective on EQT from $70.00 to $68.00 and set an "overweight" rating for the company in a research note on Monday. Zacks Research lowered EQT from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 28th. Finally, Stephens raised their price target on EQT from $71.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $68.10.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey's 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027. Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey's 7th Congressional District. He declared candidacy for the 2026 election. Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

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.

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