National Fuel Gas Company $NFG Shares Bought by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. increased its stake in National Fuel Gas Company (NFG) by 24.2%, owning 686,559 shares worth approximately $54.37 million after acquiring 133,555 additional shares.
• National Fuel Gas reported $1.64 EPS for the latest quarter, exceeding analysts' expectations of $1.50, with a year-over-year revenue increase of 27.4%.
• The company announced a quarterly dividend of $0.535 per share, reflecting a slight increase from the previous dividend and with a current yield of 2.4%.

Ameriprise Financial Inc. raised its position in National Fuel Gas Company (NYSE:NFG - Free Report) by 24.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 686,559 shares of the oil and gas producer's stock after purchasing an additional 133,555 shares during the quarter. Ameriprise Financial Inc. owned 0.76% of National Fuel Gas worth $54,373,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LSV Asset Management raised its position in National Fuel Gas by 29.6% in 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 purchasing an additional 491,890 shares during the period. Northern Trust Corp raised its position in National Fuel Gas by 15.3% in the first quarter. Northern Trust Corp now owns 1,174,783 shares of the oil and gas producer's stock valued at $93,031,000 after purchasing an additional 155,711 shares during the period. Bank of New York Mellon Corp raised its position in National Fuel Gas by 2.1% in the first quarter. Bank of New York Mellon Corp now owns 1,104,852 shares of the oil and gas producer's stock valued at $87,493,000 after purchasing an additional 22,320 shares during the period. Dimensional Fund Advisors LP raised its position in National Fuel Gas by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 989,487 shares of the oil and gas producer's stock valued at $60,043,000 after purchasing an additional 43,656 shares during the period. Finally, Invesco Ltd. raised its position in National Fuel Gas by 93.7% in the first quarter. Invesco Ltd. now owns 951,069 shares of the oil and gas producer's stock valued at $75,315,000 after purchasing an additional 460,100 shares during the period. Hedge funds and other institutional investors own 73.96% of the company's stock.

National Fuel Gas Stock Up 0.3%

Shares of NFG stock traded up $0.26 on Tuesday, reaching $87.00. 603,454 shares of the stock were exchanged, compared to its average volume of 522,594. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.80. The business's 50 day moving average price is $86.32 and its 200 day moving average price is $81.38. The company has a market capitalization of $7.86 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 0.51 and a beta of 0.61. National Fuel Gas Company has a twelve month low of $58.50 and a twelve month 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 EPS for the quarter, topping analysts' consensus estimates of $1.50 by $0.14. The firm had revenue of $531.83 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $0.535 per share. The ex-dividend date was Monday, June 30th. This is an increase from National Fuel Gas's previous quarterly dividend of $0.52. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.5%. National Fuel Gas's payout ratio is presently 80.45%.

Analyst Ratings Changes

NFG has been the topic of a number of research analyst reports. Bank of America raised National Fuel Gas from an "underperform" rating to a "buy" rating and boosted their target price for the company from $85.00 to $107.00 in a research report on Tuesday, July 15th. Zacks Research lowered 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 research report on Wednesday, August 13th. Finally, Wall Street Zen lowered National Fuel Gas from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. One 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 stock. According to data from MarketBeat.com, the stock currently 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.