78,791 Shares in EQT Corporation $EQT Bought by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new stake in EQT Corporation (NYSE:EQT) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 78,791 shares of the oil and gas producer’s stock, valued at approximately $4,189,000.

Other large investors have also modified their holdings of the company. Cidel Asset Management Inc. grew its position in shares of EQT by 6.6% during the 2nd quarter. Cidel Asset Management Inc. now owns 4,014 shares of the oil and gas producer’s stock valued at $213,000 after acquiring an additional 249 shares during the period. Community Bank N.A. raised its holdings in EQT by 198.9% in the 2nd quarter. Community Bank N.A. now owns 523 shares of the oil and gas producer’s stock worth $28,000 after purchasing an additional 348 shares during the period. RFG Advisory LLC boosted its position in EQT by 3.2% during the second quarter. RFG Advisory LLC now owns 7,033 shares of the oil and gas producer’s stock worth $374,000 after purchasing an additional 216 shares in the last quarter. GFG Capital LLC boosted its position in EQT by 11.0% during the second quarter. GFG Capital LLC now owns 44,105 shares of the oil and gas producer’s stock worth $2,345,000 after purchasing an additional 4,366 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in EQT by 11.5% in the second quarter. IFP Advisors Inc now owns 12,792 shares of the oil and gas producer’s stock valued at $680,000 after purchasing an additional 1,317 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

Insider Activity

In other news, CEO Toby Rice sold 175,328 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $55.03, for a total value of $9,648,299.84. Following the completion of the sale, the chief executive officer directly owned 2,157,865 shares in the company, valued at $118,747,310.95. This represents a 7.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.72% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on EQT shares. Barclays cut their price objective on EQT from $70.00 to $68.00 and set an “overweight” rating for the company in a research report on Monday, August 17th. Citigroup dropped their price target on shares of EQT from $70.00 to $67.00 and set a “buy” rating on the stock in a research note on Tuesday, July 28th. Truist Financial cut their price target on shares of EQT from $74.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, June 24th. UBS Group reduced their price objective on shares of EQT from $74.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. Finally, Freedom Capital raised shares of EQT to a “strong-buy” rating in a report on Tuesday, June 30th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, EQT has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

EQT Stock Performance

NYSE EQT opened at $55.02 on Friday. The company has a market cap of $34.42 billion, a PE ratio of 12.77 and a beta of 0.58. The stock’s 50 day simple moving average is $52.87 and its 200-day simple moving average is $56.22. EQT Corporation has a 1-year low of $47.94 and a 1-year high of $68.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.67 and a quick ratio of 0.67.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, July 21st. The oil and gas producer reported $0.39 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $1.76 billion. During the same quarter in the previous year, the firm posted $0.45 earnings per share. The firm’s revenue for the quarter was down 29.2% compared to the same quarter last year. As a group, equities research analysts anticipate that EQT Corporation will post 3.96 EPS for the current fiscal year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 5th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, August 5th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.2%. EQT’s dividend payout ratio is presently 15.31%.

EQT Company Profile

EQT Corporation is a natural gas exploration and production company headquartered in Pittsburgh, Pennsylvania. The company primarily develops and operates unconventional oil and gas properties in the Appalachian Basin, with a focus on natural gas production from the Marcellus and Utica shale formations.

EQT’s products include natural gas, natural gas liquids and condensate. Its operations span drilling, well completion, production and related gathering activities, supporting the delivery of energy to utilities, industrial customers, marketers and other buyers.