United Services Automobile Association Acquires New Holdings in National Fuel Gas Company $NFG

Key Points

• United Services Automobile Association acquired 5,974 shares of National Fuel Gas Company, valued at approximately $471,000, as noted in its recent SEC filing.
• A number of hedge funds significantly increased their stakes in National Fuel Gas, with Assetmark Inc. raising its holdings by 9,475%.
• Wall Street analysts have mixed sentiments on the company, with ratings ranging from a Strong Buy to a Hold, while the consensus target price is set at $96.67.

United Services Automobile Association acquired a new position in National Fuel Gas Company (NYSE:NFG - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,974 shares of the oil and gas producer's stock, valued at approximately $471,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. grew its holdings in National Fuel Gas by 9,475.0% during the first 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 last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of National Fuel Gas by 316.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 400 shares of the oil and gas producer's stock worth $32,000 after acquiring an additional 304 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in shares of National Fuel Gas in the fourth quarter worth $36,000. Cranbrook Wealth Management LLC acquired a new stake in shares of National Fuel Gas in the first quarter worth $40,000. Finally, Inlight Wealth Management LLC bought a new position in National Fuel Gas in the first quarter worth $40,000. Institutional investors and hedge funds own 73.96% of the company's stock.

National Fuel Gas Trading Down 0.7%

Shares of National Fuel Gas stock traded down $0.58 during trading on Tuesday, hitting $87.05. 56,797 shares of the company were exchanged, compared to its average volume of 625,433. The firm has a market capitalization of $7.87 billion, a P/E ratio of 32.70, a price-to-earnings-growth 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. The firm's fifty day moving average price is $86.80 and its 200 day moving average price is $82.29. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.46 and a quick ratio of 0.39.

National Fuel Gas (NYSE:NFG - Get Free Report) last posted its earnings results on Wednesday, July 30th. The oil and gas producer reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.14. The company had revenue of $531.83 million during the quarter, compared to analyst estimates of $596.12 million. National Fuel Gas had a return on equity of 20.81% and a net margin of 11.15%.The company's revenue for the quarter was up 27.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.99 EPS. 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 expect that National Fuel Gas Company will post 6.64 earnings per share for the current fiscal year.

National Fuel Gas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders 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 dividend yield of 2.5%. The ex-dividend date is Tuesday, September 30th. National Fuel Gas's payout ratio is presently 80.45%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on NFG shares. Zacks Research cut National Fuel Gas from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Scotiabank reaffirmed 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, Bank of America upgraded 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. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, National Fuel Gas has a consensus 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.