Hennessy Advisors Inc. Sells 72,870 Shares of EQT Co. (NYSE:EQT)

Hennessy Advisors Inc. lowered its stake in shares of EQT Co. (NYSE:EQT - Free Report) by 10.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 601,098 shares of the oil and gas producer's stock after selling 72,870 shares during the period. Hennessy Advisors Inc. owned approximately 0.10% of EQT worth $32,117,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in EQT. Parkside Financial Bank & Trust raised its stake in EQT by 22.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock worth $48,000 after purchasing an additional 193 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock worth $45,000 after purchasing an additional 205 shares during the period. Generali Investments Management Co LLC lifted its position in EQT by 14.1% during the first quarter. Generali Investments Management Co LLC now owns 1,711 shares of the oil and gas producer's stock valued at $91,000 after buying an additional 211 shares in the last quarter. Huntington National Bank raised its stake in shares of EQT by 7.4% in the 4th quarter. Huntington National Bank now owns 3,265 shares of the oil and gas producer's stock valued at $151,000 after acquiring an additional 224 shares during the period. Finally, Twin Capital Management Inc. increased its holdings in EQT by 1.1% in the 4th quarter. Twin Capital Management Inc. now owns 26,007 shares of the oil and gas producer's stock valued at $1,199,000 after purchasing an additional 278 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on EQT shares. TD Cowen upgraded EQT from a "hold" rating to a "buy" rating and set a $54.00 price target for the company in a report on Tuesday, April 8th. Scotiabank reaffirmed a "sector perform" rating and set a $62.00 price target (up previously from $57.00) on shares of EQT in a research note on Thursday, May 22nd. Citigroup upped their price objective on shares of EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, March 17th. Mizuho boosted their target price on shares of EQT from $57.00 to $60.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. Finally, Wall Street Zen downgraded shares of EQT from a "hold" rating to a "sell" rating in a report on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.39.

EQT Stock Up 1.7%

EQT traded up $0.96 during trading on Monday, reaching $57.80. The company had a trading volume of 5,633,641 shares, compared to its average volume of 7,897,281. The business's fifty day moving average price is $53.14 and its 200 day moving average price is $50.67. The company has a market cap of $34.60 billion, a P/E ratio of 144.79, a PEG ratio of 0.64 and a beta of 0.65. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. EQT Co. has a 12 month low of $30.02 and a 12 month high of $58.73.

EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.20. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. Equities analysts anticipate that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Wednesday, May 7th were paid a $0.1575 dividend. The ex-dividend date was Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a yield of 1.09%. EQT's dividend payout ratio (DPR) is currently 110.53%.

About EQT

EQT Corporation operates as a natural gas production company in the United States. The company sells natural gas and natural gas liquids to marketers, utilities, and industrial customers through pipelines located in the Appalachian Basin. It also offers marketing services and contractual pipeline capacity management services.