Gamco Investors INC. ET AL lessened its position in National Fuel Gas Company (NYSE:NFG – Free Report) by 5.3% in the first quarter, Holdings Channel.com reports. The firm owned 1,369,326 shares of the oil and gas producer’s stock after selling 76,275 shares during the quarter. National Fuel Gas comprises 1.3% of Gamco Investors INC. ET AL’s portfolio, making the stock its 5th biggest holding. Gamco Investors INC. ET AL’s holdings in National Fuel Gas were worth $128,662,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its holdings in shares of National Fuel Gas by 30.0% during the first quarter. Goldman Sachs Group Inc. now owns 159,953 shares of the oil and gas producer’s stock worth $12,667,000 after purchasing an additional 36,913 shares during the last quarter. Empowered Funds LLC bought a new position in National Fuel Gas in the 1st quarter valued at approximately $247,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in National Fuel Gas by 3.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,730 shares of the oil and gas producer’s stock valued at $17,480,000 after buying an additional 8,304 shares during the last quarter. Focus Partners Wealth boosted its position in National Fuel Gas by 79.5% during the 1st quarter. Focus Partners Wealth now owns 12,729 shares of the oil and gas producer’s stock worth $1,008,000 after buying an additional 5,638 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in National Fuel Gas during the 1st quarter worth approximately $138,000. 73.96% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
NFG has been the subject of several recent research reports. Weiss Ratings cut shares of National Fuel Gas from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. KeyCorp started coverage on shares of National Fuel Gas in a report on Tuesday, April 7th. They set an “overweight” rating and a $110.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, National Fuel Gas presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.50.
National Fuel Gas Price Performance
Shares of NFG opened at $82.43 on Friday. National Fuel Gas Company has a 1 year low of $75.17 and a 1 year high of $97.06. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.62 and a quick ratio of 0.55. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 1.79 and a beta of 0.37. The business has a 50-day moving average of $78.85 and a 200-day moving average of $84.44.
National Fuel Gas (NYSE:NFG – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The oil and gas producer reported $2.71 EPS for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.14). The company had revenue of $858.37 million during the quarter, compared to analyst estimates of $856.57 million. National Fuel Gas had a return on equity of 20.62% and a net margin of 27.48%.National Fuel Gas’s revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.39 earnings per share. As a group, equities research analysts anticipate that National Fuel Gas Company will post 7.66 earnings per share for the current year.
National Fuel Gas Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 2.7%. This is a boost from National Fuel Gas’s previous quarterly dividend of $0.54. The ex-dividend date was Tuesday, June 30th. National Fuel Gas’s dividend payout ratio is currently 30.04%.
National Fuel Gas Company Profile
National Fuel Gas Company (NYSE: NFG) is a diversified energy company engaged primarily in the production, gathering, transmission, distribution and marketing of natural gas. The company operates through four principal segments: Exploration & Production, Pipeline & Storage, Utilities, and Energy Marketing. Its integrated asset base spans upstream development in the Appalachian Basin, regional pipeline networks, underground storage facilities, and regulated utility distribution systems.
In its Exploration & Production segment, National Fuel Gas focuses on developing natural gas reserves in the Marcellus and Utica shales, leveraging modern drilling and completion techniques.
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