EQT Corporation $EQT Stock Holdings Reduced by CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT

Posted by Brian Himes on Oct 27th, 2026

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT reduced its stake in EQT Corporation (NYSE:EQT – Free Report) by 40.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 238,258 shares of the oil and gas producer’s stock after selling 165,000 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in EQT were worth $11,570,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Blume Capital Management Inc. grew its stake in shares of EQT by 62.9% in the 3rd quarter. Blume Capital Management Inc. now owns 27,668 shares of the oil and gas producer’s stock valued at $1,344,000 after buying an additional 10,683 shares during the period. Corecam Pte. Ltd. raised its stake in EQT by 7.3% during the 3rd quarter. Corecam Pte. Ltd. now owns 6,870 shares of the oil and gas producer’s stock worth $334,000 after buying an additional 470 shares during the period. Citizens Financial Group Inc. RI raised its stake in EQT by 0.7% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 144,825 shares of the oil and gas producer’s stock worth $7,033,000 after buying an additional 977 shares during the period. Sowell Financial Services LLC raised its stake in EQT by 4.1% during the 3rd quarter. Sowell Financial Services LLC now owns 12,879 shares of the oil and gas producer’s stock worth $625,000 after buying an additional 502 shares during the period. Finally, Fifth Third Wealth Advisors LLC boosted its holdings in EQT by 4.7% in the third quarter. Fifth Third Wealth Advisors LLC now owns 40,395 shares of the oil and gas producer’s stock worth $1,962,000 after acquiring an additional 1,804 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Insider Activity

In related news, CEO Toby Rice sold 175,328 shares of EQT stock in a transaction that occurred on 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 sale, the chief executive officer owned 2,157,865 shares of the company’s stock, valued at approximately $118,747,310.95. The trade was a 7.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.72% of the stock is currently owned by insiders.

Key Stories Impacting EQT

Here are the key news stories impacting EQT this week:

Positive Sentiment: EQT agreed to acquire Range Resources in an all-stock transaction valued at approximately $13 billion, creating a combined company with an estimated value of about $50 billion and making EQT the largest U.S. natural-gas producer. The enlarged scale could improve operating efficiency, strengthen marketing leverage and expand exposure to rising gas demand from data centers, LNG exports and power generation. EQT Agrees to Acquire Range Resources in All-Stock Transaction
Positive Sentiment: Management says the combination should lower EQT’s free-cash-flow breakeven to below $2 per million British thermal units, potentially improving resilience if natural-gas prices remain volatile. The deal is being positioned as a way to capitalize on record U.S. gas demand and AI-related electricity consumption. EQT Is Building a $50 Billion Natural Gas Giant as AI Power Demand Surges
Neutral Sentiment: Range Resources shares rose sharply following the announcement, indicating that the market views the takeover consideration favorably for Range holders. However, the initial reaction for EQT shareholders has been more cautious, suggesting investors are assessing how the benefits will be shared after the merger. Range Resources Soars on EQT’s All-Stock Takeover
Negative Sentiment: Because the transaction is all-stock, EQT shareholders will face dilution and must wait for projected synergies and cost savings to materialize. The size of the acquisition also introduces integration, regulatory and commodity-price risks, which may explain the stock’s weaker reaction despite the company’s stronger strategic position. EQT to Buy Range Resources in Natural Gas Megadeal

EQT Price Performance

Shares of NYSE EQT opened at $54.86 on Tuesday. The company has a market capitalization of $34.32 billion, a PE ratio of 12.73 and a beta of 0.66. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.19. The stock’s 50 day moving average price is $53.02 and its 200-day moving average price is $55.42. EQT Corporation has a twelve month low of $47.94 and a twelve month high of $68.24.

EQT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 4th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, November 4th. This is an increase from EQT’s previous quarterly dividend of $0.1650. This represents a $0.68 annualized dividend and a yield of 1.2%. EQT’s dividend payout ratio (DPR) is currently 15.31%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EQT. Zacks Research raised EQT from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 27th. Stifel Nicolaus began coverage on shares of EQT in a research report on Wednesday, September 9th. They issued a “buy” rating and a $66.00 price target for the company. Barclays decreased their price target on shares of EQT from $70.00 to $68.00 and set an “overweight” rating for the company in a research note on Monday, August 17th. Mizuho lowered their price objective on shares of EQT from $72.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Finally, Wall Street Zen lowered shares of EQT from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $67.64.

Check Out Our Latest Research Report on EQT

EQT Company Profile

(Free Report)

EQT Corporation is a natural gas exploration and production company headquartered in Pittsburgh, Pennsylvania. The company develops and operates unconventional oil and gas properties, with a primary focus on natural gas and natural gas liquids produced from shale formations.

EQT’s operations are concentrated in the Appalachian Basin, particularly the Marcellus and Utica shale formations in Pennsylvania, West Virginia and Ohio. Its activities include drilling, completion, production and management of natural gas wells, along with related gathering and infrastructure operations that support the transportation of its products to market.

The company traces its roots to Equitable Gas, founded in 1878, and has evolved through multiple stages of expansion and restructuring in the U.S.