CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 13F: Cuts EQT Stake by $8M

Cushing Asset Management, LP dba NXG Investment Management cut its stake in EQT Corporation (EQT) by 165,000 shares, valued at about $8.0 million, in a filing on October 26, 2026. The fund's total position in EQT now stands at 238,258 shares worth approximately $11.6 million.

EQT EQT Corporation

$54.85 ▲ +3.51% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Where EQT Fits in Cushing Asset Management's Portfolio

This reduction represents a 40.9% decrease in Cushing's holdings of EQT, which now makes up 0.82% of its total reported portfolio. The position ranks 31 out of 73 in Cushing's overall holdings.

Other Institutional Activity in EQT

Orbis Allan Gray Ltd increased its stake in EQT by 3,593,726 shares, bringing its total to 15,706,047 shares valued at about $861.5 million. Eagle Capital Management LLC also boosted its holdings by 11,696,962 shares, resulting in a total of 15,356,952 shares worth approximately $842.3 million.

EQT Corporation Stock Up 0.3%

EQT Corporation's stock recently traded at about $54.85, which is equal to its closing price on October 26, 2026. The shares are currently valued at approximately 0.0% higher than their closing price on the filing date.

Recent Earnings

EQT reported trailing twelve-month revenue of approximately $9.3 billion, with a net margin of 29.2% and a return on equity of 11.1%. The next earnings report is scheduled for October 27, 2026.

Dividend

EQT Corporation pays an annual dividend of $0.68 per share, resulting in a dividend yield of approximately 1.2%. The payout ratio stands at 15.1%.

Insider Buying and Selling at EQT Corporation

Recently, several insiders sold shares of EQT. Sarah Fenton, an officer, sold 4,876 shares on March 16, 2026, at an average price of $64.49, totaling about $314,453. Director Vicky A. Bailey sold 4,116 shares on April 27, 2026, at $59.80, amounting to approximately $246,137. CEO Toby Z. Rice sold 175,328 shares on August 14, 2026, for about $9.6 million at an average price of $55.03.

Analysts Set New Price Targets

On September 23, 2026, Citigroup maintained a "Buy" rating on EQT with a price target of $68. On September 29, 2026, Jefferies also maintained a "Buy" rating but adjusted its target to $73. UBS kept a "Buy" rating with a target of $76 on October 15, 2026, while Scotiabank initiated coverage with a "Sector Perform" rating and a target of $54.

About EQT Corporation

EQT Corporation focuses on exploring and producing natural gas and oil, primarily in the Appalachian Basin. The company also provides marketing and pipeline management services, which are essential for its operations in the energy sector.

Bottom Line

Investors should watch for EQT's upcoming earnings report on October 27, 2026, to see how the company performs in the current market environment. Cushing Asset Management's recent filing shows a significant adjustment in its EQT position as part of its overall investment strategy.