Algert Global LLC Has $18.11 Million Position in National Fuel Gas Company $NFG

Key Points

• Algert Global LLC boosted its stake in National Fuel Gas by 1,015.4% in Q3, now owning 196,090 shares worth $18.11 million (about 0.22% of the company).
• Other institutions moved as well—AQR Capital Management more than doubled its holding by adding 1,087,067 shares to reach 2,138,153 shares, and institutional investors collectively own 73.96% of NFG.
• Analysts hold a consensus "Moderate Buy" with a $104 price target; NFG trades near $96.38 with a P/E of 13.44, and will pay a $0.535 quarterly dividend (2.2% yield) with an ex-dividend date of March 31.

Algert Global LLC increased its stake in shares of National Fuel Gas Company (NYSE:NFG - Free Report) by 1,015.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,090 shares of the oil and gas producer's stock after purchasing an additional 178,510 shares during the quarter. Algert Global LLC owned approximately 0.22% of National Fuel Gas worth $18,113,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp grew its stake in shares of National Fuel Gas by 3.4% during the second quarter. State Street Corp now owns 4,035,345 shares of the oil and gas producer's stock worth $343,962,000 after buying an additional 132,855 shares during the last quarter. Energy Income Partners LLC lifted its stake in shares of National Fuel Gas by 2.1% in the 2nd quarter. Energy Income Partners LLC now owns 2,295,208 shares of the oil and gas producer's stock valued at $194,427,000 after acquiring an additional 46,616 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of National Fuel Gas by 103.4% during the 3rd quarter. AQR Capital Management LLC now owns 2,138,153 shares of the oil and gas producer's stock valued at $197,501,000 after acquiring an additional 1,087,067 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of National Fuel Gas by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 1,693,980 shares of the oil and gas producer's stock valued at $143,531,000 after acquiring an additional 4,995 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its position in National Fuel Gas by 1.0% during the 2nd quarter. Gamco Investors INC. ET AL now owns 1,510,907 shares of the oil and gas producer's stock worth $127,989,000 after acquiring an additional 15,040 shares during the last quarter. Institutional investors own 73.96% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NFG shares. Zacks Research raised National Fuel Gas from a "strong sell" rating to a "hold" rating in a report on Monday, March 9th. Weiss Ratings reissued a "buy (b-)" rating on shares of National Fuel Gas in a research note on Monday, December 29th. Finally, Scotiabank set a $101.00 price target on National Fuel Gas in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, National Fuel Gas currently has a consensus rating of "Moderate Buy" and a consensus price target of $104.00.

National Fuel Gas Trading Up 2.8%

Shares of NFG stock opened at $96.38 on Friday. The stock has a market cap of $9.16 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 1.24 and a beta of 0.57. The stock has a 50-day moving average of $85.71 and a 200-day moving average of $84.54. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 0.58. National Fuel Gas Company has a 1-year low of $69.93 and a 1-year high of $96.78.

National Fuel Gas (NYSE:NFG - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The oil and gas producer reported $2.06 EPS for the quarter, topping analysts' consensus estimates of $1.91 by $0.15. The company had revenue of $651.51 million for the quarter, compared to analyst estimates of $650.70 million. National Fuel Gas had a return on equity of 21.45% and a net margin of 27.65%.The firm's quarterly revenue was up 18.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.66 earnings per share. On average, equities research analysts forecast that National Fuel Gas Company will post 6.64 earnings per share for the current year.

National Fuel Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, March 31st. National Fuel Gas's dividend payout ratio is currently 29.85%.

About National Fuel Gas

National Fuel Gas Company NYSE: NFG is a diversified energy company engaged primarily in the production, gathering, transmission, distribution and marketing of natural gas. The company operates through four principal segments: Exploration & Production, Pipeline & Storage, Utilities, and Energy Marketing. Its integrated asset base spans upstream development in the Appalachian Basin, regional pipeline networks, underground storage facilities, and regulated utility distribution systems.

In its Exploration & Production segment, National Fuel Gas focuses on developing natural gas reserves in the Marcellus and Utica shales, leveraging modern drilling and completion techniques.

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