Rep. Thomas H. Kean, Jr. Purchases Shares of EQT Corporation (NYSE:EQT)
by Teresa Graham · The Cerbat GemRepresentative Thomas H. Kean, Jr. (Republican-New Jersey) recently bought shares of EQT Corporation (NYSE:EQT). In a filing disclosed on June 18th, the Representative disclosed that they had bought between $1,001 and $15,000 in EQT stock on June 1st. 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 Check Point Software Technologies (NASDAQ:CHKP) on 6/1/2026.
- Sold $1,001 – $15,000 in shares of Analog Devices (NASDAQ:ADI) on 4/29/2026.
- Sold $1,001 – $15,000 in shares of Take-Two Interactive Software (NASDAQ:TTWO) on 4/21/2026.
- Sold $1,001 – $15,000 in shares of nVent Electric (NYSE:NVT) on 4/15/2026.
- Purchased $1,001 – $15,000 in shares of Texas Instruments (NASDAQ:TXN) on 4/14/2026.
- Sold $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 4/14/2026.
- Purchased $1,001 – $15,000 in shares of Amcor (NYSE:AMCR) on 3/31/2026.
- Sold $15,001 – $50,000 in shares of S&P Global (NYSE:SPGI) on 3/26/2026.
- Sold $15,001 – $50,000 in shares of Chubb (NYSE:CB) on 3/26/2026.
- Sold $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 3/26/2026.
EQT Price Performance
Shares of EQT stock traded up $0.06 during trading on Thursday, hitting $51.53. The stock had a trading volume of 7,929,414 shares, compared to its average volume of 8,842,324. The firm has a market cap of $32.23 billion, a price-to-earnings ratio of 9.78 and a beta of 0.55. EQT Corporation has a 12 month low of $48.47 and a 12 month high of $68.24. The business’s 50-day moving average is $55.65 and its 200 day moving average is $57.08. 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 – Get Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The oil and gas producer reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.32. EQT had a return on equity of 9.74% and a net margin of 31.94%.The company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same quarter last year, the company earned $1.18 earnings per share. As a group, sell-side analysts anticipate that EQT Corporation will post 4.7 earnings per share for the current year.
EQT Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Wednesday, May 6th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Wednesday, May 6th. EQT’s payout ratio is 12.52%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC lifted its holdings in shares of EQT by 4.7% in the 1st quarter. Parallel Advisors LLC now owns 19,965 shares of the oil and gas producer’s stock worth $1,271,000 after acquiring an additional 890 shares during the last quarter. Glenmede Trust Co. NA grew its stake in shares of EQT by 112.2% in the first quarter. Glenmede Trust Co. NA now owns 40,189 shares of the oil and gas producer’s stock worth $2,558,000 after purchasing an additional 21,249 shares during the last quarter. Montchanin Asset Management LLC purchased a new position in EQT during the 1st quarter valued at about $260,000. Arkadios Wealth Advisors bought a new position in EQT during the 1st quarter valued at approximately $220,000. Finally, Adalta Capital Management LLC lifted its holdings in EQT by 26.9% in the 1st quarter. Adalta Capital Management LLC now owns 17,670 shares of the oil and gas producer’s stock worth $1,125,000 after buying an additional 3,750 shares during the period. 90.81% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, Director Vicky A. Bailey sold 4,116 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $59.80, for a total value of $246,136.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Toby Z. Rice sold 1,731 shares of EQT stock in a transaction on Monday, June 8th. The shares were sold at an average price of $53.46, for a total transaction of $92,539.26. Following the completion of the sale, the chief executive officer owned 2,333,193 shares in the company, valued at approximately $124,732,497.78. This trade represents a 0.07% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 102,830 shares of company stock worth $5,602,913. Corporate insiders own 0.72% of the company’s stock.
Analyst Ratings Changes
Several analysts have weighed in on EQT shares. Roth Mkm reaffirmed a “neutral” rating on shares of EQT in a report on Tuesday, April 14th. Truist Financial lowered their target price on shares of EQT from $74.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday. Jefferies Financial Group reiterated a “buy” rating on shares of EQT in a research report on Sunday, April 26th. Morgan Stanley increased their price target on shares of EQT from $69.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, March 27th. Finally, Citigroup raised their price objective on shares of EQT from $66.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $68.29.
Read Our Latest Research Report on EQT
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.