EP Wealth Advisors LLC purchased a new stake in National Fuel Gas Company (NYSE:NFG – Free Report) during the second quarter, HoldingsChannel reports. The institutional investor purchased 8,808 shares of the oil and gas producer’s stock, valued at approximately $680,000.
Several other institutional investors and hedge funds also recently modified their holdings of NFG. NewEdge Wealth LLC raised its position in National Fuel Gas by 6.2% in the 4th quarter. NewEdge Wealth LLC now owns 2,680 shares of the oil and gas producer’s stock valued at $215,000 after buying an additional 156 shares during the last quarter. Optas LLC lifted its stake in National Fuel Gas by 5.3% in the 1st quarter. Optas LLC now owns 3,238 shares of the oil and gas producer’s stock valued at $304,000 after acquiring an additional 163 shares in the last quarter. Brooklyn Investment Group boosted its position in National Fuel Gas by 7.5% during the 3rd quarter. Brooklyn Investment Group now owns 2,434 shares of the oil and gas producer’s stock worth $225,000 after acquiring an additional 169 shares during the last quarter. Inspire Investing LLC boosted its position in National Fuel Gas by 5.3% during the 1st quarter. Inspire Investing LLC now owns 3,465 shares of the oil and gas producer’s stock worth $326,000 after acquiring an additional 174 shares during the last quarter. Finally, Advisory Services Network LLC grew its stake in shares of National Fuel Gas by 1.1% during the 3rd quarter. Advisory Services Network LLC now owns 16,732 shares of the oil and gas producer’s stock worth $1,546,000 after acquiring an additional 175 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.
National Fuel Gas Stock Down 0.0%
NFG stock opened at $82.44 on Tuesday. The company has a quick ratio of 3.07, a current ratio of 3.20 and a debt-to-equity ratio of 0.91. The business has a 50 day moving average price of $80.16 and a two-hundred day moving average price of $84.54. The company has a market cap of $7.84 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 1.83 and a beta of 0.37. National Fuel Gas Company has a twelve month low of $75.17 and a twelve month high of $97.06.
National Fuel Gas Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.555 dividend. This is a boost from National Fuel Gas’s previous quarterly dividend of $0.54. 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. National Fuel Gas’s dividend payout ratio (DPR) is 30.83%.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on NFG shares. Weiss Ratings downgraded shares of National Fuel Gas from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 21st. Wall Street Zen upgraded shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $105.50.
Get Our Latest Stock Analysis on National Fuel Gas
About National Fuel Gas
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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