Advisors Asset Management Inc. Raises Stock Holdings in National Fuel Gas Company $NFG

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. grew its stake in shares of National Fuel Gas Company (NYSE:NFG - Free Report) by 33.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,113 shares of the oil and gas producer's stock after buying 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.

Several other hedge funds and other institutional investors have also recently modified their holdings of NFG. LSV Asset Management increased its position in shares of National Fuel Gas by 29.6% during the first quarter. LSV Asset Management now owns 2,153,236 shares of the oil and gas producer's stock valued at $170,515,000 after buying an additional 491,890 shares during the period. Invesco Ltd. increased its position in shares of National Fuel Gas by 93.7% during the first quarter. Invesco Ltd. now owns 951,069 shares of the oil and gas producer's stock valued at $75,315,000 after buying an additional 460,100 shares during the period. Mackenzie Financial Corp increased its position in shares of National Fuel Gas by 98.9% during the first quarter. Mackenzie Financial Corp now owns 715,645 shares of the oil and gas producer's stock valued at $56,672,000 after buying an additional 355,800 shares during the period. Jupiter Asset Management Ltd. bought a new stake in shares of National Fuel Gas during the first quarter valued at about $20,892,000. Finally, Nuveen LLC bought a new stake in shares of National Fuel Gas during the first quarter valued at about $17,809,000. 73.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NFG. Scotiabank reiterated an "outperform" rating on shares of National Fuel Gas in a research report on Wednesday, August 13th. Zacks Research cut shares of National Fuel Gas from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Wall Street Zen cut shares of National Fuel Gas from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Finally, Bank of America upgraded shares of National Fuel Gas from an "underperform" rating to a "buy" rating and upped their price objective for the stock from $85.00 to $107.00 in a research report on Tuesday, July 15th. One research 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 company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $96.67.

National Fuel Gas Price Performance

NFG traded up $0.44 during midday trading on Friday, hitting $88.47. The stock had a trading volume of 73,923 shares, compared to its average volume of 628,244. The company has a market cap of $7.99 billion, a P/E ratio of 33.24, a price-to-earnings-growth ratio of 0.51 and a beta of 0.61. The business has a fifty day moving average of $86.64 and a 200 day moving average of $81.99. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.39 and a current ratio of 0.46. 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 issued 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 business 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%.National Fuel Gas's revenue for the quarter was up 27.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 earnings per share. 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, equities analysts forecast that National Fuel Gas Company will post 6.64 earnings per share for the current fiscal year.

National Fuel Gas Dividend Announcement

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

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.