Morgan Stanley Reiterates Buy Rating on EQT Corporation

Morgan Stanley has reiterated its buy rating on EQT Corporation (NYSE:EQT), maintaining a price target of $68. Analyst Devin McDermott confirmed this stance on June 29, 2026. Shares of EQT were trading near $51.92 on Monday.

Other Institutional Activity in EQT Corporation

Several institutional investors have also shown interest in EQT Corporation. BlackRock, Inc. increased its holdings by 7,555,369 shares, bringing its total to 60,978,407 shares valued at approximately $3.88 billion, marking a 14.1% increase. Vanguard Capital Management LLC opened a new position with 40,566,287 shares, valued at around $2.58 billion. State Street Corp added 3,134,525 shares, now holding 38,280,933 shares worth about $2.44 billion, an 8.9% increase. Morgan Stanley itself boosted its stake by 3,705,925 shares, totaling 28,450,551 shares valued at $1.81 billion, a 15% increase.

EQT Corporation Stock Down 3.3%

Shares of EQT Corporation traded near $51.92 on Monday. The company, with a market cap of $32.96 billion, has a P/E ratio of 10.0 and a forward P/E of 11.7. Its beta of 0.543 suggests lower volatility compared to the broader market. The stock's 52-week range is between $48.47 and $68.24, with a 50-day moving average of $55.64 and a 200-day moving average of $56.58. EQT's current ratio is 0.658, with a quick ratio of 0.541, and a debt-to-equity ratio of 20.816.

Recent Earnings

EQT Corporation reported revenue of approximately $9.36 billion, reflecting a growth rate of 49.9%. The net margin stands at 35.1%, with a return on equity of 13.4%. The company's earnings per share (EPS) is 5.27. EQT is expected to release its next earnings report on July 21, 2026.

Dividend

EQT Corporation offers an annual dividend rate of $0.66, yielding 1.25%. The dividend payout ratio is 12.24%, indicating a conservative payout strategy.

Insider Buying and Selling at EQT Corporation

Insider activities include several planned sales by President and CEO Toby Rice. On June 8, 2026, he sold 1,731 shares at an average price of $53.46. Earlier, on June 5, 2026, he sold 96,983 shares at an average price of $54.28. These transactions were conducted under a Rule 10b5-1 plan.

Analysts Set New Price Targets

On June 29, 2026, Morgan Stanley maintained its buy rating on EQT with a price target of $68. Other analysts have also shown optimism, with Truist Securities, Citigroup, and UBS maintaining buy ratings with targets of $65, $70, and $74 respectively. The consensus recommendation for EQT is a buy, with a mean target price of $69.17 based on 24 analyst opinions.

About EQT Corporation

EQT Corporation is a leading energy company based in Pittsburgh, Pennsylvania. It focuses on the exploration, production, gathering, and transmission of natural gas and hydrocarbons. The company serves marketers, utilities, and industrial customers primarily in the Appalachian Basin. Led by CEO Toby Z. Rice, EQT employs around 1,523 people.

Bottom Line

Morgan Stanley's reiterated buy rating and $68 price target highlight continued confidence in EQT Corporation's prospects. Investors keep a close watch on such analyst actions as they can influence market sentiment. It's important to note that these ratings are based on past performance and projections, and actual stock performance may vary.