Concurrent Investment Advisors LLC Grows Position in National Fuel Gas Company $NFG

Concurrent Investment Advisors LLC raised its position in shares of National Fuel Gas Company (NYSE:NFG) by 41.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,170 shares of the oil and gas producer’s stock after acquiring an additional 1,522 shares during the period. Concurrent Investment Advisors LLC’s holdings in National Fuel Gas were worth $438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LSV Asset Management increased its position in National Fuel Gas by 29.6% in the first quarter. LSV Asset Management now owns 2,153,236 shares of the oil and gas producer’s stock worth $170,515,000 after purchasing an additional 491,890 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in shares of National Fuel Gas by 3.3% in the 1st quarter. Gamco Investors INC. ET AL now owns 1,495,867 shares of the oil and gas producer’s stock worth $118,458,000 after buying an additional 48,202 shares in the last quarter. Northern Trust Corp grew its stake in shares of National Fuel Gas by 15.3% in the 1st quarter. Northern Trust Corp now owns 1,174,783 shares of the oil and gas producer’s stock worth $93,031,000 after buying an additional 155,711 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of National Fuel Gas by 2.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,104,852 shares of the oil and gas producer’s stock worth $87,493,000 after buying an additional 22,320 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of National Fuel Gas by 93.7% during the 1st quarter. Invesco Ltd. now owns 951,069 shares of the oil and gas producer’s stock valued at $75,315,000 after buying an additional 460,100 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NFG has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of National Fuel Gas in a research report on Tuesday, October 14th. Zacks Research cut National Fuel Gas from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Bank of America raised National Fuel Gas from an “underperform” rating to a “buy” rating and boosted their target price for the company from $85.00 to $107.00 in a research report on Tuesday, July 15th. Wall Street Zen downgraded National Fuel Gas from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Finally, Scotiabank lowered shares of National Fuel Gas from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from $102.00 to $106.00 in a research note on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.00.

National Fuel Gas Stock Up 0.5%

NYSE:NFG opened at $85.69 on Friday. The company has a market cap of $7.74 billion, a price-to-earnings ratio of 32.22, a price-to-earnings-growth ratio of 0.43 and a beta of 0.58. National Fuel Gas Company has a twelve month low of $58.82 and a twelve month high of $94.13. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.80. The stock has a fifty day simple moving average of $87.73 and a 200-day simple moving average of $84.19.

National Fuel Gas (NYSE:NFG) last issued its earnings results on Wednesday, July 30th. The oil and gas producer reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.14. The business had revenue of $531.83 million for the quarter, compared to analyst estimates of $596.12 million. National Fuel Gas had a net margin of 11.15% and a return on equity of 20.81%. The company’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same period last year, the company posted $0.99 earnings per share. National Fuel Gas has set its FY 2026 guidance at 8.000-8.500 EPS. FY 2025 guidance at 6.800-6.950 EPS. Analysts anticipate that National Fuel Gas Company will post 6.64 EPS for the current year.

National Fuel Gas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Tuesday, September 30th. National Fuel Gas’s dividend payout ratio is currently 80.45%.

National Fuel Gas Profile

National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment explores for, develops, and produces natural gas and oil. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields.