National Fuel Gas Company $NFG Shares Acquired by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. raised its stake in National Fuel Gas Company by **33.0%**, acquiring a total of **42,113 shares** valued at **$3,335,000**.
• Bank of America upgraded National Fuel Gas' rating from **"underperform"** to **"buy"**, increasing its price target from **$85.00 to $107.00**.
• The company recently increased its quarterly dividend to **$0.535 per share**, representing a **2.5% dividend yield** and a positive change from the previous dividend of **$0.52**.

Advisors Asset Management Inc. raised its holdings in National Fuel Gas Company (NYSE:NFG - Free Report) by 33.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,113 shares of the oil and gas producer's stock after purchasing an additional 10,443 shares during the period. Advisors Asset Management Inc.'s holdings in National Fuel Gas were worth $3,335,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of NFG. Assetmark Inc. lifted 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 buying an additional 379 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position 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 valued at $32,000 after acquiring an additional 304 shares in the last quarter. Inlight Wealth Management LLC acquired a new stake in shares of National Fuel Gas during the first quarter valued at $40,000. Cranbrook Wealth Management LLC purchased a new stake in National Fuel Gas during the 1st quarter worth about $40,000. Finally, Ameriflex Group Inc. acquired a new position in National Fuel Gas in the 4th quarter valued at about $36,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

National Fuel Gas Trading Up 0.2%

NYSE:NFG traded up $0.17 during trading hours on Friday, reaching $88.20. 368,859 shares of the company were exchanged, compared to its average volume of 489,658. The firm has a market cap of $7.97 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 0.52 and a beta of 0.61. The stock has a 50 day simple moving average of $86.72 and a 200 day simple moving average of $82.08. National Fuel Gas Company has a 52-week low of $58.82 and a 52-week high of $89.82. 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 released its quarterly earnings data on Wednesday, July 30th. The oil and gas producer reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.50 by $0.14. The business had revenue of $531.83 million during the quarter, compared to the consensus estimate of $596.12 million. National Fuel Gas had a return on equity of 20.81% and a net margin of 11.15%.The business's revenue for the quarter was up 27.4% on a year-over-year basis. During the same period in the prior year, the firm posted $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, analysts predict that National Fuel Gas Company will post 6.64 EPS for the current year.

National Fuel Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 30th. National Fuel Gas's payout ratio is currently 80.45%.

Wall Street Analysts Forecast Growth

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