Truist Securities Reaffirms Buy Rating on EQT Corporation
Truist Securities maintained its buy rating for EQT Corporation, setting a target price of $65, a 23.34% upside from the current price.
Key Points
- Truist Securities reiterated its buy rating for EQT Corporation with a target price of $65 on June 24, 2026.
- Truist Securities's $65 price target implies 23.34% upside from EQT Corporation's ($EQT) current $52.70 share price.
- EQT Corporation traded at $51.52 on Wednesday, with a market cap of $32.4 billion and a P/E ratio of 9.8.
- Major institutional investors like BlackRock and Morgan Stanley have increased their positions in EQT Corporation.
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Truist Securities has reiterated its buy rating on EQT Corporation (NYSE:EQT) with a target price of $65. Analyst Gabe Daoud made the announcement on June 24, 2026. Shares of EQT traded around $51.52 on Wednesday, indicating confidence in the company's future prospects.
Truist Securities vs. the S&P 500
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Other Institutional Activity in EQT Corporation
Several large institutional investors have recently adjusted their holdings in EQT Corporation. BlackRock, Inc. increased its position 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 about $2.58 billion. State Street Corp added 3,134,525 shares, resulting in a total of 38,280,933 shares worth $2.44 billion, an 8.9% increase. Morgan Stanley also boosted its stake by 3,705,925 shares to a total of 28,450,551 shares, valued at $1.81 billion, reflecting a 15.0% increase.
EQT Corporation Stock Down 3.4%
EQT Corporation, trading under NYSE:EQT, saw its shares priced at $51.52 on Wednesday. The company has a market capitalization of approximately $32.4 billion and a P/E ratio of 9.8. It carries a beta of 0.543, suggesting lower volatility compared to the market. The stock's 52-week range is between $48.47 and $68.24. Its 50-day moving average is $56.24, while the 200-day moving average is $56.57. EQT maintains a current ratio of 0.658 and a quick ratio of 0.541, with a debt-to-equity ratio of 20.816.
$EQT price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
For its recent earnings, EQT Corporation reported revenue of $9.36 billion, with a revenue growth of 49.9%. The company's earnings per share (EPS) stood at $5.27, supported by a net margin of 35.1% and a return on equity (ROE) of 13.4%. Investors are looking forward to the next earnings report scheduled for July 21, 2026.
Dividend
EQT Corporation offers a dividend rate of $0.66 per share, yielding 1.3%. The dividend payout ratio is 12.2%, indicating a conservative approach to shareholder payouts.
Insider Buying and Selling at EQT Corporation
Several insider transactions have occurred recently at EQT Corporation. President & CEO Toby Rice sold 1,731 shares on June 8, 2026, at an average price of $53.46 as part of a planned sale. Earlier, on June 5, 2026, he sold 96,983 shares at $54.28 each. On April 27, 2026, Chief Accounting Officer Todd James acquired 133,333 shares, while Toby Rice and EVP Operations J.E.B. Bolen bought 666,667 and 266,667 shares, respectively.
Analysts Set New Price Targets
On June 24, 2026, Truist Securities maintained its buy rating on EQT Corporation with a target price of $65. Other analysts have similarly positive views: Citigroup, UBS, and Wells Fargo all maintained buy ratings with target prices of $70, $74, and $79, respectively. The consensus among analysts is a buy rating, with an average price target of approximately $69.96 based on 24 analyst opinions.
About EQT Corporation
EQT Corporation is an energy company headquartered in Pittsburgh, Pennsylvania. It focuses on the exploration, production, and transmission of natural gas and hydrocarbons, primarily in the Appalachian Basin. The company markets its products to utilities, industrial customers, and marketers. Led by CEO Toby Z. Rice, EQT employs around 1,523 people.
Bottom Line
EQT Corporation continues to attract positive attention from analysts and institutional investors. Truist Securities' reaffirmation of its buy rating, combined with substantial institutional interest, underscores the market's confidence in EQT's growth potential. As with all 13F filings, remember that these positions reflect past holdings and may not represent current investments.
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