Consolidated Planning Corp Invests $1.17 Million in National Fuel Gas Company (NYSE:NFG)

Consolidated Planning Corp purchased a new position in shares of National Fuel Gas Company (NYSE:NFG - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,743 shares of the oil and gas producer's stock, valued at approximately $1,167,000.

Several other hedge funds and other institutional investors have also modified their holdings of NFG. Inlight Wealth Management LLC purchased a new position in shares of National Fuel Gas in the first quarter valued at approximately $40,000. Cranbrook Wealth Management LLC purchased a new stake in National Fuel Gas during the 1st quarter worth approximately $40,000. Quarry LP acquired a new stake in National Fuel Gas during the 4th quarter worth approximately $32,000. Ameriflex Group Inc. purchased a new position in National Fuel Gas in the 4th quarter valued at approximately $36,000. Finally, Aster Capital Management DIFC Ltd grew its stake in shares of National Fuel Gas by 223.2% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 656 shares of the oil and gas producer's stock worth $40,000 after acquiring an additional 453 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on National Fuel Gas from $77.00 to $81.00 and gave the company a "neutral" rating in a research note on Thursday, March 13th. Wall Street Zen downgraded National Fuel Gas from a "buy" rating to a "hold" rating in a report on Sunday. Finally, Bank of America increased their price target on National Fuel Gas from $77.00 to $85.00 and gave the company an "underperform" rating in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $82.33.

National Fuel Gas Stock Up 0.9%

NYSE NFG traded up $0.72 on Thursday, hitting $84.36. 451,021 shares of the stock were exchanged, compared to its average volume of 561,557. National Fuel Gas Company has a fifty-two week low of $53.88 and a fifty-two week high of $86.45. The company has a 50-day moving average price of $81.69 and a 200-day moving average price of $74.32. The company has a quick ratio of 0.43, a current ratio of 0.47 and a debt-to-equity ratio of 0.86. The company has a market cap of $7.62 billion, a PE ratio of 196.19, a PEG ratio of 0.53 and a beta of 0.62.

National Fuel Gas (NYSE:NFG - Get Free Report) last issued its earnings results on Wednesday, April 30th. The oil and gas producer reported $2.39 EPS for the quarter, topping analysts' consensus estimates of $2.18 by $0.21. The firm had revenue of $729.95 million during the quarter, compared to the consensus estimate of $770.81 million. National Fuel Gas had a net margin of 1.91% and a return on equity of 18.55%. The company's revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.79 earnings per share. Sell-side analysts anticipate that National Fuel Gas Company will post 6.64 EPS for the current fiscal year.

National Fuel Gas Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Monday, June 30th. This is a positive change from National Fuel Gas's previous quarterly dividend of $0.52. National Fuel Gas's dividend payout ratio (DPR) is 479.07%.

National Fuel Gas Company 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.