Allspring Global Investments Holdings LLC Has $22.08 Million Stake in National Fuel Gas Company $NFG

Key Points

• Allspring Global Investments Holdings LLC reduced its stake in National Fuel Gas Company by 42.6%, holding approximately 0.29% of the company worth $22.08 million after selling nearly 200,000 shares in the 2nd quarter.
• National Fuel Gas reported earnings of $1.64 per share for the last quarter, surpassing estimates, while its revenue of $531.83 million fell short of analyst expectations.
• The company has announced a quarterly dividend of $0.535 per share, resulting in an annualized dividend yield of 2.5%, with an elevated payout ratio of 80.45%.

Allspring Global Investments Holdings LLC trimmed its holdings in shares of National Fuel Gas Company (NYSE:NFG - Free Report) by 42.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 262,975 shares of the oil and gas producer's stock after selling 195,137 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.29% of National Fuel Gas worth $22,079,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NFG. Parallel Advisors LLC lifted its stake in shares of National Fuel Gas by 2.8% in the second quarter. Parallel Advisors LLC now owns 4,784 shares of the oil and gas producer's stock valued at $405,000 after buying an additional 129 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of National Fuel Gas by 3.0% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,285 shares of the oil and gas producer's stock valued at $419,000 after buying an additional 156 shares during the period. US Bancorp DE lifted its stake in shares of National Fuel Gas by 0.6% in the second quarter. US Bancorp DE now owns 25,766 shares of the oil and gas producer's stock valued at $2,183,000 after buying an additional 161 shares during the period. Horizon Investment Services LLC lifted its stake in shares of National Fuel Gas by 2.5% in the first quarter. Horizon Investment Services LLC now owns 6,618 shares of the oil and gas producer's stock valued at $524,000 after buying an additional 162 shares during the period. Finally, UMB Bank n.a. lifted its stake in shares of National Fuel Gas by 19.6% in the second quarter. UMB Bank n.a. now owns 1,012 shares of the oil and gas producer's stock valued at $86,000 after buying an additional 166 shares during the period. 73.96% of the stock is currently owned by institutional investors.

National Fuel Gas Stock Performance

NYSE NFG opened at $85.20 on Friday. The firm has a market cap of $7.70 billion, a price-to-earnings ratio of 32.03, a PEG ratio of 0.43 and a beta of 0.58. The company has a 50 day moving average of $87.78 and a 200-day moving average of $84.12. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.80. National Fuel Gas Company has a 1-year low of $58.82 and a 1-year high of $94.13.

National Fuel Gas (NYSE:NFG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The oil and gas producer reported $1.64 earnings per share 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 net margin of 11.15% and a return on equity of 20.81%. The company's revenue was up 27.4% on a year-over-year basis. During the same quarter last year, the business posted $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. On average, 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 disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.535 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.14 annualized dividend and a dividend yield of 2.5%. National Fuel Gas's dividend payout ratio (DPR) is presently 80.45%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Weiss Ratings reiterated a "hold (c+)" rating on shares of National Fuel Gas in a research note on Tuesday. Scotiabank cut shares of National Fuel Gas from an "outperform" rating to a "sector perform" rating and raised their price target for the stock from $102.00 to $106.00 in a research note on Thursday, October 9th. Wall Street Zen cut shares of National Fuel Gas from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. 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. Finally, Bank of America upgraded 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. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $98.00.

National Fuel Gas 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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