Eagle Capital Management 13F: New $187M Stake in EQT

Eagle Capital Management has taken a new position in EQT Corporation (NYSE: EQT), acquiring 3,659,954 shares. This move, reflected in the latest 13F filing with the SEC, brings the total value of Eagle Capital Management's stake in EQT to approximately $187.4 million.

What Changed in Eagle Capital Management's EQT Position

Eagle Capital Management's acquisition of 3,659,954 shares represents a new position in EQT, as the firm previously held no shares. This significant purchase reflects a strong interest in EQT, with the shares valued at around $187.4 million based on the cost basis of $57.75 per share.

Other Institutional Activity in EQT

Several other major funds have also been active in EQT. BlackRock, Inc. increased its holdings by 7,555,369 shares, bringing its total to 60,978,407 shares valued at approximately $3.88 billion. Vanguard Capital Management LLC added 40,566,287 shares, reaching a total of 40,566,287 shares worth about $2.58 billion. State Street Corp grew its position by 3,134,525 shares to 38,280,933 shares, valued at $2.44 billion. Morgan Stanley also increased its stake by 3,705,925 shares, ending with 28,450,551 shares worth $1.81 billion.

EQT Corporation Stock Up 2.4%

Shares of EQT Corporation are currently trading near $51.20. The company boasts a market capitalization of $32.49 billion and a P/E ratio of 9.86. The stock has a 52-week low of $48.47 and a high of $68.24, with a 50-day moving average of $57.16 and a 200-day moving average of $56.59. EQT's beta is 0.543, indicating lower volatility compared to the broader market.

Recent Earnings

In its most recent earnings report, EQT Corporation reported revenue of $9.36 billion, with a revenue growth rate of 49.9%. The company achieved a net margin of 35.07% and a return on equity of 13.4%. EQT's earnings per share stood at $5.27. The next earnings report is scheduled for April 21, 2026.

Dividend

EQT Corporation pays an annual dividend rate of $0.66, yielding 1.29%. The dividend payout ratio is a modest 12.24%.

Insider Buying and Selling at EQT Corporation

Recent insider activity at EQT includes several planned sales by President and CEO Toby Rice. On June 8, 2026, Rice sold 1,731 shares at an average price of $53.46, and on June 5, 2026, he sold 96,983 shares at $54.28. In contrast, on April 27, 2026, both Rice and Chief Accounting Officer Todd James acquired shares, with Rice purchasing 666,667 shares and James buying 133,333 shares.

Analysts Set New Price Targets

Analysts have been active in covering EQT, with Citigroup maintaining a buy rating and setting a price target of $70 on May 5, 2026. UBS and Wells Fargo also maintained buy ratings with targets of $74 and $79, respectively. The consensus among analysts is a buy rating, with a mean target price of $70.04 based on 24 analyst opinions.

About EQT Corporation

EQT Corporation is a major player in the energy sector, focusing on the exploration and production of hydrocarbons and natural gas. Headquartered in Pittsburgh, Pennsylvania, the company serves marketers, utilities, and industrial customers in the Appalachian Basin. Under the leadership of CEO Toby Z. Rice, EQT engages in various activities, including marketing services and pipeline capacity management. The company was founded in 1888 and employs over 1,500 people.

Bottom Line

Eagle Capital Management's new position in EQT Corporation is a noteworthy development, highlighting the firm's interest in the energy sector. With EQT's solid financial performance and ongoing institutional interest, the company remains a focal point for investors. However, it's important to remember that 13F filings are backward-looking and may not reflect current positions.