41,604 Shares in National Fuel Gas Company $NFG Purchased by Strs Ohio

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

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NFG. Captrust Financial Advisors boosted its holdings in National Fuel Gas by 2.9% during the fourth quarter. Captrust Financial Advisors now owns 7,288 shares of the oil and gas producer's stock worth $442,000 after purchasing an additional 204 shares during the last quarter. Cetera Investment Advisers boosted its holdings in National Fuel Gas by 18.3% during the fourth quarter. Cetera Investment Advisers now owns 12,660 shares of the oil and gas producer's stock worth $768,000 after purchasing an additional 1,954 shares during the last quarter. Deutsche Bank AG boosted its holdings in National Fuel Gas by 5.8% during the fourth quarter. Deutsche Bank AG now owns 10,378 shares of the oil and gas producer's stock worth $630,000 after purchasing an additional 570 shares during the last quarter. Focus Partners Wealth purchased a new position in National Fuel Gas during the fourth quarter worth about $430,000. Finally, Millennium Management LLC boosted its holdings in National Fuel Gas by 20.5% during the fourth quarter. Millennium Management LLC now owns 272,130 shares of the oil and gas producer's stock worth $16,513,000 after purchasing an additional 46,216 shares during the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

National Fuel Gas Stock Down 0.6%

Shares of National Fuel Gas stock opened at $87.70 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.46 and a quick ratio of 0.39. The company has a 50-day moving average of $86.80 and a 200 day moving average of $82.29. The firm has a market cap of $7.92 billion, a price-to-earnings ratio of 32.97, a PEG ratio of 0.52 and a beta of 0.61. National Fuel Gas Company has a 1 year low of $58.82 and a 1 year high of $89.82.

National Fuel Gas (NYSE:NFG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The oil and gas producer reported $1.64 EPS for the quarter, beating the consensus estimate of $1.50 by $0.14. National Fuel Gas had a net margin of 11.15% and a return on equity of 20.81%. The company had revenue of $531.83 million for the quarter, compared to the consensus estimate of $596.12 million. During the same period in the prior year, the firm posted $0.99 EPS. National Fuel Gas'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. As a group, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 30th. National Fuel Gas's dividend payout ratio is 80.45%.

Wall Street Analyst Weigh In

NFG has been the topic of several research reports. Bank of America raised shares of National Fuel Gas from an "underperform" rating to a "buy" rating and lifted their price objective for the stock from $85.00 to $107.00 in a research report on Tuesday, July 15th. Scotiabank reaffirmed an "outperform" rating on shares of National Fuel Gas in a research report on Wednesday, August 13th. Wall Street Zen lowered shares of National Fuel Gas from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Finally, Zacks Research lowered shares of National Fuel Gas from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. One 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 MarketBeat, National Fuel Gas currently has an average rating of "Moderate Buy" and an average price target of $96.67.

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.

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