Great Lakes Advisors LLC Takes Position in National Fuel Gas Company $NFG

Great Lakes Advisors LLC purchased a new position in National Fuel Gas Company (NYSE:NFGFree Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 79,464 shares of the oil and gas producer’s stock, valued at approximately $4,410,000. Great Lakes Advisors LLC owned 0.08% of National Fuel Gas as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SJS Investment Consulting Inc. boosted its position in National Fuel Gas by 458.0% during the 1st quarter. SJS Investment Consulting Inc. now owns 279 shares of the oil and gas producer’s stock valued at $26,000 after acquiring an additional 229 shares in the last quarter. Fairscale Capital LLC bought a new position in shares of National Fuel Gas in the 4th quarter worth $29,000. HM Payson & Co. bought a new position in shares of National Fuel Gas in the 4th quarter worth $29,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of National Fuel Gas during the 1st quarter worth $38,000. Finally, SHP Wealth Management purchased a new stake in shares of National Fuel Gas during the 4th quarter worth $44,000. 73.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on NFG. Weiss Ratings lowered National Fuel Gas from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 21st. Wall Street Zen raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $105.50.

Read Our Latest Stock Report on NFG

National Fuel Gas Stock Up 0.3%

National Fuel Gas stock opened at $83.63 on Thursday. National Fuel Gas Company has a 1-year low of $75.17 and a 1-year high of $97.06. The business has a fifty day moving average price of $79.81 and a 200-day moving average price of $84.55. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.20 and a quick ratio of 3.07. The stock has a market capitalization of $7.95 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 1.85 and a beta of 0.37.

National Fuel Gas (NYSE:NFGGet Free Report) last announced its earnings results on Thursday, July 30th. The oil and gas producer reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.10. The company had revenue of $537.50 million for the quarter, compared to analyst estimates of $564.33 million. National Fuel Gas had a return on equity of 19.04% and a net margin of 26.97%.The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.64 EPS. Equities research analysts forecast that National Fuel Gas Company will post 7.5 EPS for the current fiscal year.

National Fuel Gas Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.555 dividend. This represents a $2.22 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, June 30th. This is an increase from National Fuel Gas’s previous quarterly dividend of $0.54. National Fuel Gas’s payout ratio is 30.83%.

National Fuel Gas Company Profile

(Free Report)

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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Institutional Ownership by Quarter for National Fuel Gas (NYSE:NFG)

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