Strs Ohio Invests $3.30 Million in National Fuel Gas Company $NFG

Key Points

• Strs Ohio acquired 41,604 shares of National Fuel Gas Company, valued at approximately $3.295 million, indicating institutional interest in the company.
• National Fuel Gas reported a quarterly earnings-per-share of $1.64, surpassing estimates, with a 27.4% increase in revenue year-over-year, though total revenue fell short of consensus expectations.
• The company has declared a quarterly dividend of $0.535 per share, with a yield of 2.4%, and a stated payout ratio of 80.45%.

Strs Ohio purchased a new stake in National Fuel Gas Company (NYSE:NFG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 41,604 shares of the oil and gas producer's stock, valued at approximately $3,295,000.

Other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. boosted its stake in National Fuel Gas by 9,475.0% in the 1st quarter. Assetmark Inc. now owns 383 shares of the oil and gas producer's stock valued at $30,000 after purchasing an additional 379 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of National Fuel Gas by 316.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 400 shares of the oil and gas producer's stock valued at $32,000 after acquiring an additional 304 shares during the period. Ameriflex Group Inc. bought a new stake in shares of National Fuel Gas during the 4th quarter valued at $36,000. Cranbrook Wealth Management LLC bought a new stake in shares of National Fuel Gas during the 1st quarter valued at $40,000. Finally, Inlight Wealth Management LLC bought a new stake in shares of National Fuel Gas during the 1st quarter valued at $40,000. 73.96% of the stock is currently owned by institutional investors.

National Fuel Gas Stock Performance

Shares of NFG traded down $0.92 on Friday, reaching $86.46. 1,125,648 shares of the company's stock traded hands, compared to its average volume of 445,660. 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 market cap of $7.81 billion, a PE ratio of 32.50, a PEG ratio of 0.52 and a beta of 0.61. The stock's 50 day simple moving average is $87.17 and its two-hundred day simple moving average is $82.52. National Fuel Gas Company has a 52-week low of $58.82 and a 52-week high of $89.82.

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

National Fuel Gas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.535 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.14 dividend on an annualized basis and a yield of 2.5%. National Fuel Gas's dividend payout ratio (DPR) is presently 80.45%.

Wall Street Analysts Forecast Growth

NFG has been the subject of a number of recent analyst reports. Bank of America upgraded National Fuel Gas from an "underperform" rating to a "buy" rating and upped their target price for the company from $85.00 to $107.00 in a research report on Tuesday, July 15th. Scotiabank reissued an "outperform" rating on shares of National Fuel Gas in a report on Wednesday, August 13th. Wall Street Zen cut National Fuel Gas from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Finally, Zacks Research cut National Fuel Gas from a "strong-buy" rating to a "hold" rating in a report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, National Fuel Gas presently has an average rating of "Moderate Buy" and an average target price of $96.67.

About National Fuel Gas

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.